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edHEALTH: July 2018 Newsletter

edHEALTH -July 2018 Newsletter FINAL.docx

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edHEALTH Announces New National Relationship with CoreSource for Benefits Administration

edHEALTH Announcement July 2018 .pdf

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Massachusetts Establishes Paid FMLA

Massachusetts Establishes Paid Family and Medical Leave Act - July 3 201...[1].pdf

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PCOR Fee Filing Reminder for Self-Insured Plans

PCOR Fee Filing Reminder for Self-Insured Plans - May 10 2018[1].pdf

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2019 Inflation Adjusted Amounts for HSAs

2019 Inflation Adjusted Amounts for HSAs - May 10 2018[1].pdf

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FAQ for Tax Credit for FMLA

New FAQs Address Tax Credit for Paid Family and Medical Leave - May 3 20....pdf

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IRS 2018 HSA Limits

IRS Restores Original 2018 Family HSA Contribution Limit - Apr 30 2018.pdf

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Spring Consulting Acquired by Alera Group

Please be assured that the edHEALTH team at Spring will remain intact and that all services will continue without disruption. Spring Acquisition_2.1.18 Press Release.docx

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2018 Massachusetts Employer Mandate

2018 Massachusetts Employer Mandate[1].pdf

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Extension of Deadline for 2017 Forms 1095-C

Extension of Deadline for 2017 Forms 1095-C - Dec 22 2017[2].pdf

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Benefits Update - Letter 226J

Benefits Compliance - Received Letter 226J Now What - Dec 8 2017.pdf

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edHEALTH: November 2017 Newsletter

edHEALTH-November -2017 Newsletter.pdf

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IRS FAQs on 2015 Employer Penalty Payments

IRS FAQs on 2015 Employer Penalty Payments - Nov 6 2017.pdf

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New Executive Order - October 2017

New Executive Order and Insight on the Employer Mandate - Oct 12 2017.pdf

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Trump Halts CSR Payments

Trump Halts CSR Payments - Oct 13 2017[1].pdf

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Medicare Part D - Reminder

Medicare Part D Notification Requirements - Sep 21 2017[1].pdf

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DOL Sues Health Plan Alleging SPD and Wellness Program Failures

DOL Sues Health Plan Alleging SPD and Wellness Program Failures - Aug 21....pdf

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Olin College of Engineering's Stephen Hannabury Named Distinguished Business Officer of the Year by NACUBO

Stephen Hannabury Named Distinguished Business Officer of the Year by .webarchive

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Update: Employer Mandate and 1094-C/1095-C Reporting

Employer Mandate and 1094-C 1095-C Reporting Update - Aug 3 2017.pdf

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Compliance Update

New York Paid Leave Finalized - Jul 20 2017 USI.PDFProposed Massachusetts Employer Assessment - Jul 20 2017 USI.PDF

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Comparison Chart ACA, AHCA and BCRA

Comparison Chart ACA, AHCA and BCRA - updated July 13 2017.pdf

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Senate Releases Draft Legislation

Senate Releases Draft Reform Legislation - Jun 26 2017 USI.PDFupdated Comparison Chart ACA, AHCA and BCRA - updated Jun 26 2017.docx

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Healthcare: Insurance policy challenges

Healthcare: Insurance policy challenges | University Business Magazine.webarchive

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2018 Inflation Adjusted Amounts for HSAs

2018 Inflation Adjusted Amounts for HSAs - May 11 2017 USI.PDF

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USI update: AHCA May 5, 2017

House Narrowly Passes AHCA - May 5 2017 USI.PDF

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edHEALTH News - March 2017

edHEALTH_March2017.pdf

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Collaborating to Cut Costs in Higher Education: Can It Be Done?

New England Journal of Higher Education: The Journal

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USI Compliance Update: Trump's 1st Executive Order Addresses the ACA

Trump’s First Executive Order Addresses the ACA - Jan 24 2017 USI.pdf

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From USI: Update on the Status of the ACA

Update on the Status of the ACA - Jan 12 2017 USI.pdf

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Christmas comes early at Olin

The faculty and staff at Olin College of Engineering are getting a rare and unexpected holiday treat this month: a break from health insurance.Olin College officials said they’ve made so much progress in curbing health care costs this year that their employees don’t have to pay any premiums in December.For 96 people who work at the small Needham college, that means extra cash they can use for holiday shopping, or anything else.Olin is one of a dozen local colleges and universities that have teamed up to cut health insurance costs. Instead of buying coverage from insurers, they formed their own insurance company, sharing the costs and risks for their combined 10,000 employees.When those employees stay fairly healthy and medical claims are low, the schools save on insurance costs.The consortium, called EdHealth, includes colleges and universities in Massachusetts and Rhode Island and is...

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NACUBO Business Officer Magazine

COST CONTROL Institutions that have joined to form health-care consortia are benefiting from cost savings, while being able to comply with complex and changing ACA regulations.Against the backdrop of mounting criticism over rising higher education costs, college and university business officers are looking for creative ways to cut those costs. For many, the area of escalating employee health-care prices is an ideal place to start. Across the country, several groups of higher education institutions have joined to form health insurance consortia, working together to provide benefits to their employees at a fraction of the cost they once paid individually."With the rising costs of higher education, anything we can do to lower that cost is important," says Tracy Hassett, CEO and president of EdHealth, a health insurance collaborative launched in 2013 by 11 colleges and universities in the...

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July Newsletter

The edHEALTH News vol 5 iss 2 july 2106.pdf

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January Newsletter

The EdHealth Newsletter Volume V

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Worcester Business Journal

College collaboration leads to self-insurance savingsWPI Executive Vice President and CFO Jeff Solomon and EdHealth CEO and President Tracy Hassett stand above a basketball court on WPI's campus. Among the many benefits of going self-insured for health insurance is being able to encourage healthy lifestyles among employees and target health needs.One year ago, when Worcester Polytechnic Institute dove into the high-risk, high-reward world of self-insurance, it hoped the gamble would pay off enough to keep tuition in check.Luckily, WPI had friends.WPI joined a new collaborative of colleges and universities – called Educators Health LLC, or EdHealth – that has allowed small- to mid-sized schools to pool their self-insurance efforts and keep potential outlandish costs in check. The result over that first year was less risk and more savings.Ditching full-coverage from insurance companies ...

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The Boston Globe

Colleges across region team up to cut health care costsEmployees at Worcester Polytechnic Institute saw something in their paystubs this year that they had not seen in many years: smaller deductions for health insurance.The decline was the result of an initiative that has brought WPI together with 10 other Massachusetts colleges and universities to form their own health insurance company, covering a combined 8,900 employees and their families. The initiative, called Educators Health LLC — or EdHealth — allows the schools to bypass commercial insurers by pooling their risk and money, and paying claims from that pool.If they can keep employees healthy and insurance claims low, the schools can keep the savings. Since the initiative was launched two years ago, the colleges combined have saved at least $10 million from what they were paying before and limited average insurance premium incr...

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