Hello FAHU Family and a very Happy New Year to you all!
We’re finally in 2021 – a year that couldn’t come soon enough for so many; a year the United Nations has declared as the International Year of Peace and Trust. The time of new resolutions and new possibilities. (I personally stopped making resolutions years ago – I couldn’t accept the failure). Even though I don’t do resolutions, I do try to pick a word in which to focus my actions in the upcoming year. 2020 was health – which in hindsight OH THE IRONY; and 2021 my pick was Balance, which may prove harder than originally thought.
I think it is safe to say 2021 will bring change and continue in its challenges. We’ll see a changing of the guard in our Nation’s Capital, with the inauguration of our 46thPresident this week. Hopefully vaccinations and a greater control of COVID-19 will continue, providing some glimpse that normalcy will be returning. The Tampa Bucs are in the AFC Championship for the first time since 2002 (wouldn’t it be nice for them to play in the bigger game in their home stadium). We should expect the 2020 Summer Olympics to be held, which is by far one of my favorite things in the world. And the return of some of our most beloved sporting events, concerts and events – social distanced of course. I also think it’s not an overreach to say we can expect a number of changes to our industry.
As much as there is changing in the world around us, the FAHU board and volunteer leadership is more committed than ever to providing you the best member experience throughout 2021.
We’re really excited to continue our FAHU virtual series in 2021 with Susan Combs to discuss Tipping Points: How Life’s Decisions Affect Your Path. Details of the free webinar are below. A very special thank you to our sponsors for the January event – Self Insured Plans, LLC (a 90 Degree Benefits Company) and Humana!
We are working on more virtual options and what an appropriate Symposium and Medicare Summit will be, as we plan our year ahead. Please keep your eyes open for an upcoming survey – we really need your feedback on how to best deliver on our promises and mission for you. Needless to say, there is a lot happening in the background that has us excited.
As always – thanks for your membership, partnership and most importantly, friendship!
Cheers to much success, good health and balance for your 2021.
by Carol Taylor, FAHU Legislative ChairFederal Updates
§ Just before the Christmas holiday, Congress passed a $1.4 trillion omnibus bill that included provisions on COVID-19 relief, a ban on surprise billing, disclosure of broker compensation, the ability for employees to roll over funds from Flexible Spending Accounts and more. There will be a Compliance Corner webinar on January 21st regarding the provisions of this legislation, check your Washington Update on Friday for the registration link.
§ It is time once again to register for NABIP’s annual Capitol Conference! Due to the pandemic, Capitol Conference will be held virtually February 22-24. This will be one of the most important ever, so please register early and be ready for an experience you won’t forget.
Understanding Reference Based Pricing (RBP) Alternatives
by Steve Rasnick, President Self Insured Plans, LLC
The increase in both employer and member healthcare expense has led to unsustainable increases in the cost of healthcare coverage, notwithstanding the impact of the Affordable Care Act and industry developed programs. Traditional consumer-oriented strategies like high deductible HSA and HRA programs have had very little favorable impact on controlling healthcare costs, especially hospital related expenses, and have lead to a huge increase in participant out of pocket expense. While PPO’s purport to negotiate larger provider discounts, the cost of provider services continues to increase, as do employee benefit costs. There has to be a better solution and one of the best emerging alternatives appears to be Reference Based Pricing (RBP) models. However, the real question is it the right alternative for you and your prospects/customers?
One of NABIP’s most valuable benefits is new and improved. Broker to Broker (B2B) is an unlimited resource to share members’ knowledge and insights on health insurance and government regulations to help you better serve your clients in much less time than it would take to do your own research on industry and government websites.
There are six B2B Discussion Groups that provide a wealth of credible knowledge among NABIP members who willingly share their knowledge. We invite you to jump in and join B2B, see how it works and what a great educational resource it will be for you and your clients.
Before you sign in and get started, please take a look at the updated B2B Sign-Up Guide or view this short video on how to navigate B2B. You will find the Code of Conduct and FAQs at the top right of the B2B homepage.
Or log In to www.nahu.org, open the drop-down box under “Resources” and click on “Broker to Broker” at the bottom of the list. On the B2B opening page, scroll down and click on “Visit B2B Communities.”
Congratulations to these members who are celebrating milestone membership anniversaries in January. Elaine Forhman, Palm Beach Chapter – 30 Years
John Ripley, Broward County Chapter – 10 Years
Ronald McCall, Broward County Chapter – 5 Years
Lynne Mahn, Erik Skolnik & Theresa Tyrkala, Central Florida Chapter – 5 Years
Tracey Pal Izzi & Lewis Sollner, Tampa Bay Chapter – 5 Years
And these members are celebrating their first anniversary with FAHU!
Christian Morgan & Trey Scully, Broward County Chapter
Andy Juster, Taylor Morales, Derek Vickers & Samantha Garay, Central Florida Chapter
Lisa Parker, Gulf Coast Chapter
Michelle Barki, Jacksonville Chapter
Robert Hoppe, Frank Reilly & Mark Rubenstein, Palm Beach Chapter
Lynn Wronkowski, Diana Del Sol & Marty Schnagel, Southwest Florida Chapter
Jean Kelly, Tampa Bay Chapter
Welcome to Our New Members from December 2020
Stephen Greep Ivana Bouland Chris Carpenter James Pough
Morgan Pferrer Nadine Perez Oswaldo Rivas
1/6/2021 Palm Beach AHU Virtual Meeting– 11am-12:15pm. “2021 CARES ACT Update and What it Means for Small Businesses” presented by Sheri L. Hoble, CPA, CFP
1/14/2021 Broward AHU Virtual Meeting– 12-1:30pm. Discussion: COVID-19 To do or not to do? Latest Update! Free for members, $10 for non-members. ContactBAHUinfo@aol.com for more information.
1/19/2021 Central Florida AHU Virtual Meeting – 11:45am-1pm – With Janet Trautwein as our guest speaker. Click here to register.
1/21/2021 Tampa Bay AHU Virtual Meeting 11:30am-1pm.2021 Legislative/HUPAC Updates – Be in the Know! With Dennis Hartin & Chris Yarn. Click here to register.
1/27/2021 FAHU Virtual Series – 11am-12pm – Tipping Points: How Life’s Decisions Affect Your Path with Susan L. Combs. Sponsored by Self Insurance Plans, LLC & Humana. Click here to register.