HM Insurance Group, a Highmark company, has developed new products to help producers in calculating and understanding the impact of Affordable Care Act (ACA) taxes and fees on self-insured groups.
The new fee calculator and quick-reference sheet offers information to producers that can be shared with respective customers to help them check the impact ACA taxes and fees have on their existing coverage.
HM Insurance Group strategy and marketing senior vice president Matt Rhenish said, "As a stop loss carrier that provides protection to self-insured groups, we are pleased to be able to help our clients evaluate the financial impact of ACA reform measures."
An illustrative tool, ACA fee calculator is designed to auto-calculate the major ACA fees to show the costs involved, and the fee differences between fully insured and self-funded plans depending on group size, cost of coverage amongst others.
Available on hmig.com, HM ACA fees reference sheet is capable of explaining the cost impact of taxes and fees associated with health care reform.
HM Insurance Group is a provider of employer stop loss, provider excess and HMO reinsurance to employers, employees, health care providers and individuals across the US.