By Anirban Basu, Sage Policy Group The economy has performed shockingly well over the past few years, growing at a faster rate than virtually anyone—myself included—expected. Despite the fastest inflation in over four decades, with year-over-year price increases peaking at more than 9% in the middl…Continued
Effective in 2020, the Consolidated Appropriations Act, 2021 (CAA) prohibits health plans and health insurance issuers from entering into contracts with health care providers, third-party administrators (TPAs) or other service providers that contain gag clauses (i.e., clauses restricting the plan o…Continued
By Zack Fritz, Sage Policy GroupThe economy is, by all appearances, in good health as we head toward the end of 2024. Employment growth, which slowed during the middle of the year, reaccelerated in September, and the unemployment rate remains low by historical standards, having fallen in each of th…Continued
The Social Security released the 2025 Social Security Wage Base in October 2024, reflecting a 2.5% increase in the national average wage index. All other retirement-focused 2025 limits are determined using a 2.5% increase, which represents the year over year increase in the average of the CPI index…Continued
Mental Health Parity and Addiction Equity Act (MHPAEA) regulatory requirements are among the most complex and technical of all regulatory mandates applicable to group health plans. At a high level, MHPAEA prohibits group health plans from imposing barriers on access to mental health or substance us…Continued
We are proud to announce that Tom Lowman, Bolton’s retired Chief Actuary, has been recognized with the Conference of Consulting Actuaries’ (CCA) Lifetime Achievement Award at the 2024 Annual Meeting on October 28. This prestigious honor celebrates Tom’s unwavering commitment and remarkable contribu…Continued
