The ACA Premium Rate Factors – What Employers Need to Know

As employers receive their carrier renewal statements, and review their 2016 health benefit packages, they’ll notice only ACA-compliant plans will be offered. The new benefits, cost-sharing, and rating methodology of ACA-compliant plans are expected to substantially impact premiums, in excess of the annual premium changes offered to employers over the past 20 years.

Most carrier renewal statements will include some level of comparison between current and renewal premiums, but they will not explain where or how the changes will affect premiums. Employers will therefore be approaching brokers for explanations about the changes and premium adjustments.

To understand the changes, easily compare plans, and prepare your employers for the financial implications, access our comprehensive easy-to-use guides and videos below.

Successfully Advise and Retain Your Clients with These Essential Resources:

• Executive Summary
  A one-page overview of the primary factors that impact ACA-compliant plan premiums.
• The Broker’s Guide
  A detailed review of the factors that impact premiums; distillation of the law, carrier policies and procedures; plus practical examples and valuable analyses.

• Four-part Video Series (approximately 5 minutes each)
  1. Overview (below)
     The 10 ACA mandated changes affecting all small group plans.
  2. Mandated Benefits That Contribute to Premium Differential
     How mandated benefits in all ACA-compliant plans will contribute to premium differences.
  3. Mandated Rating Methodologies That Contribute to Premium Differential – Part 1
     How the new ways of rating small employers and their employees will contribute to premium differences.
  4. Mandated Rating Methodologies That Contribute to Premium Differential – Part 2

Watch Videos 2-4

Download the HHS Default Standard Age Curve to learn more.

Questions?
Contact your Claremont team at 800.696.4543 or ACA@claremontcompanies.com.