HCC Life to Accept Standard Industry Disclosure Form

The Society of Professional Benefit Administrators (SPBA) and the Self Insurance Institute of America (SIIA) have developed a disclosure form to improve the accuracy and timeliness of disclosure and reporting of claims for self-funded benefit programs.  The objective by these two industry organizations to streamline the claim disclosure process was done in an effort to gain efficiencies between the claim administrator and the medical stop loss provider that would release resources to pursue growth and expansion within our industry. Click here to read the entire article.

HIPAA Allows Plan Option Changes When Lifetime Maximum is Exhausted

Earlier this year, the Department of Labor (DOL) issued unofficial comments suggesting that individuals who exhaust their lifetime maximum under one employer plan option are entitled to special enrollment in another plan option of the same employer based on the December 2004 final HIPAA portability regulations. Click here to read the entire article.

HCC Life Explains Its Group Acquisition/Dissolution Process

In today’s marketplace, many employers are faced with the acquisition or dissolution of a subsidiary or affiliated company during a plan year. This transformation often brings about many questions regarding HCC Life’s process with group acquisitions and dissolutions. Click here to read the entire article.

Leveraged Trend Negatively Impacts Costs to Employers

Several recent press releases from healthcare consultants show that first dollar medical trend may plateau between 8-12% in 2006 from the last five years of higher than expected growth. Medical trend is one of the major components HCC Life uses to determine the appropriate rates for each of our policyholders. Click here to read the entire article.

Forbes Magazine Publishes List of Most Expensive Diseases

A recent article in Forbes magazine highlights the nine most expensive disease states.  The data obtained through collaboration with the Agency for Health Care Research and Quality (AHRQ) are representative of recent surveys from a civilian, non-institutionalized population.  The broad categories of disease revealed the following conditions ranked by annual cost, including both government spending and private insurance. Click here to read the entire article.