The Departments Issue Final Rule on HRAs

According to the Centers for Medicare and Medicaid Services (CMS), health reimbursement arrangements (HRAs) are a type of account-based health plan that employers can use to reimburse employees for their medical care expenses. Because HRAs are tax-preferred, workers who buy an individual market plan with an HRA receive the same tax advantages as workers with traditional employer-sponsored coverage, as stated by the Department of Health and Human Services

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Social Determinants of Health-What are Health Plans Doing?

The idiom social determinants of health (SDOH) has been buzzing around the country for several years. The widespread acknowledgement behind this concept proves these determinants to be essential in achieving the best health outcomes for a variety of individuals. Although many health plans have been working on projects to address these factors, we’ve witnessed a lack of transparency, socioeconomic challenges, and isolation. 

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Converging Social Determinants of Health and Medicaid Managed Care

Policymakers are recognizing the impact that social and economic factors have on a consumer’s approach to healthcare. Access to housing, healthy food, and income must be taken into consideration as a person determines the appropriate health plan coverage. Social determinants of health (SDOH) can control up to 80% of health outcomes according research by the Robert Wood Johnson Foundation (RWJF). This statistic encompasses mainly Medicaid’s low-income enrollees who struggle with covering basic needs.

In this blog we’ll discuss the growing focus around Medicaid Managed Care and how social determinants of health can recover health outcomes.

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Healthcare Consumers Demand Convenience

Consumers are showing an increased demand for patient-centric portals with simplified transparency. More specifically, healthcare payers are seeking a convenient way to receive and review electronic health records (EHR) within the current market. With these recent developments, 68% of physicians believe they are prepared to provide quality in the midst of a changing industry, as stated by Healthcare Finance. This innovative revolution has consumers interested in technologies that will aid in managing their health.

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