Dynamis Blog

Overcome ACA challenges to nail next renewal season

Posted by AndyNunemaker on Mar 21, 2016 7:30:00 AM

It’s no secret that the last few renewal seasons were tough on brokers—chaotic, complex and time-consuming. In our last blog we discussed the negative impact on clients as well, who often got less face time with their brokers while facing confusing ACA obligations.

However, recent obstacles create opportunities for brokers to shine this year, to deliver a superior renewal experience for clients. This blog will discuss three specific areas brokers can focus on to overcome ACA challenges moving forward.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies

What you can learn from recent renewal seasons to overcome ACA challenges

Posted by AndyNunemaker on Mar 14, 2016 7:30:00 AM

As an employee benefits broker, the last few renewal seasons were likely some of your toughest. With the introduction of the Affordable Care Act (ACA) and all the requirements that go with it, the market has gotten tougher on brokers. Timelines were compressed, forcing brokers to spend less time with each client while contending with more complexity than ever.

This blog will discuss how brokers can take lessons from these tough renewal seasons, to overcome ACA challenges in the future and deliver a better experience for clients.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies

Affordable Care Act Delays Allow Brokers to Connect Off-Renewal

Posted by AndyNunemaker on Feb 29, 2016 7:30:00 AM

For most health insurance brokers, your busy season has just wrapped up with the last of your 12/1 and 1/1 renewals. If you’re looking for a reason to reach out to those clients or add some extra value to your relationship, look no further than the two recent ACA delays.

As you know, in late 2015, the Cadillac tax was pushed back to 2020, and the employer reporting requirements were delayed a few months to give employers some much-needed relief. Both of these are areas that your clients need your guidance and support—learn more in this blog.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies

Employer Reporting Requirements: How to Support Clients

Posted by AndyNunemaker on Feb 22, 2016 7:30:00 AM

Though the Affordable Care Act is almost completely implemented, a few significant provisions remain to go into effect. One is the employer reporting requirements. Though the IRS extended the deadlines by a couple months, this provision still takes effect in 2016. Complying with these requirements will likely be a burden on employers, so this presents an opportunity for brokers to guide and support their clients.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies

Why Employers Shouldn’t Ignore the Cadillac Tax

Posted by AndyNunemaker on Feb 15, 2016 7:30:00 AM

It’s old news now that the Cadillac tax provision of the ACA was delayed until 2020, as part of a budget passed by Congress in late 2015. Employers affected by the tax were likely thrilled with the prospect of at least two more years before needing to comply with the provision or face hefty taxes.

There is a lot of speculation now that the provision will be repealed or at least modified; a different president will be in office by 2020 and there is bipartisan dislike for the tax. For that reason, many employers may be tempted to assume the tax will never take effect, or avoid making plan changes hoping for a repeal or another delay. As their broker, you should advise against this strategy—we’ll tell you why in this blog.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies

Overcome ACA challenges with efficiency

Posted by DanMorrill on Aug 24, 2015 1:24:00 AM

The introduction of the Affordable Care Act (ACA) has brought many challenges to the employee benefits industry. One particular challenge for brokers is profitability: as various processes become more complex and time-consuming, brokers worry about maintaining their profitability, particularly with smaller groups.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies, Efficiency/Streamlining Operations

Become indispensable by advising on ACA

Posted by DanMorrill on May 18, 2015 11:01:00 AM

In the last two blogs, we talked about ways to prove your value as a broker, including being more consultative and saving clients money. In this blog, we’ll talk about one more way to show clients your value: by helping them navigate the complex waters of ACA.

Read More

Topics: Technology, ACA/Compliance, Client Service, Renewal Strategies