Anthem Reaches Agreement With Sutter Health Network

Anthem Blue Cross Announces Multi-Year Agreement with Sutter Health

This week Anthem Blue Cross announced that it worked closely with Sutter Health and came to an agreement for a new multi-year contract that provides Anthem members with continued in-network access to Sutter facilities and with affiliated physicians through December 31, 2022.

This agreement means that Sutter Health will remain in the Anthem Blue Cross network, and CalCPA Health HMO, PPO and HSA members may access Sutter facilities and physicians. To learn more about this agreement, please visit Anthem’s site.

If you have any questions, call Banyan Administrators at (877) 480-7923 or email for more information.

shutterstock_34708720

What’s the Buzz Around Health Insurance Captives?

Health Insurance Captives are being touted as the new, hip way for firms to beat the Affordable Care Act.  Captives are insurance arrangements owned/controlled by its participating employers, and while they may not be new, they’re complicated.

Although many terms are used interchangeable, the flavor we’ll discuss in this article is the Group Medical Stop Loss Captives. These are typically used for small and mid-sized employers, which include all but a handful of CPA firms.

With a captive, the employer is at risk and therefore can benefit from the overall underwriting performance as well as income generated by invested reserves.  The captive group is made up of companies that are too small to self-insure and are typically in the same industry.  By combining a number of employers together, critical mass to self-insure as a group is achieved.  The carrot is that employers will (somehow) achieve a lower cost of claims and administration for their employees than they could through traditional market options.

Read more