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3 Ways to Manage Prescription Spending
According to a recent Kaiser Family Foundation poll, prescription spending accounts for 8 – 10% of overall healthcare spending. With the development of new name-brand drugs and specialty drugs, that trend will continue if it’s not dealt with. Controlling prescription spending …
BMA 1094 Services Give Employer 6-Digit Savings
In 2018, a BMA client with 100 employees received an IRS J Letter informing them that they hadn’t provided sufficient proof of minimum essential coverage for their employees in their 2016 1094. This employer had filed their 1094s on their …
Under the Hood of a Web Portal
Top 10 Ways BMA Helps Employers
BMA helps employers realize cost savings through design and management of self-funded employee benefit plans. As a result, employers are at ease knowing that they’re offering value-added benefits without breaking the bank. Want to know how we do this? Outlined …
The Whats, Whys, and Hows of Self-Funding – Part 2
In our previous blog, we talked about why self-funding has become a highly-valued benefit plan option and what self-funded plans do for employers. Now let’s talk about how self-funding helps employers cut employee benefit costs, manage risk, and mitigate the …
The Whats, Whys, and Hows of Self-Funding – Part 1
Self-insurance is a wildly successful way to fund employee benefits, yet there is still so much unknown about it. In this two-part blog, we’re going to take you through the whats, whys, and hows of self-funding. You may be surprised …
Hidden Gems – Uncovering all of BMA’s Online Wellness Resources
Hidden Gems – Uncovering all of BMA’s Online Wellness Resources Some online health and wellness resources are getting all the attention these days. As a result, we wanted to uncover the BMA health resources that you (and your plan members) …
Self-Funding: Fact vs. Fiction
Self-Funding: Fact vs. Fiction Despite the rapid adoption of self-funded plans, there are still many misconceptions about self-funding. Let’s debunk some of the top myths about self-funding so you can better discern between fact and fiction. Fiction: Self-Funding is only …
Benefits of Self-Funded Dental
Dental care is underrated, and studies show that regular dental visits enable early detection of serious medical conditions. Employers can offer valuable dental benefits without large premium losses. By self-funding dental benefits, employers can achieve cost savings and other benefits …
Cutting Healthcare Costs Through Reference-Based Pricing
As healthcare costs continue to rise, pricing transparency is becoming a bigger demand from employers. For years, the actual costs of healthcare have been vague and virtually inaccessible to employers; however, now they’re becoming more available through reference-based pricing. Reference-based …
BMA Announces the Release of its new Health e360 Product
January 23, 2018 – San Antonio, TX – Benefit Management Administrators (BMA), a Third Party Administrator of employee benefits, announces the release of its new Health e360 product. Health e360 is in response to the trends of rising employee benefit …
Telemedicine’s Role in MEC and Minimum Value Plans
Now that employers have had time to evaluate the benefit plan requirements under PPACA, many have come to a decision as to what level of health benefits they will offer employees. Some employers have decided to pay the higher premiums …
Reasons to be Thankful for Self-Funding
Despite the busyness of this enrollment season, it’s important to take time to be thankful. But who says you can’t do both at once? As we approach Thanksgiving, we wanted to share why employers are thankful for self-funding, and why …
How to Get 50% Utilization of Telemedicine Benefit
Whether it’s a web portal, wellness program, or telemedicine, utilization is key! Utilization is what determines ROI and measures the success of your program. The third-party wellness and telemedicine programs offered in our web portal are the same programs BMA …
What BMA Employees Say About Our Online Wellness Programs
BMA sees the value of wellness programs so much that we provide these benefits to our own employees! Here are some personal testimonials from our employees about their experience with these programs: “When I was traveling for work, I got sick …
