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Employee Benefit News for School, City and County Employers

Steve Smith

Steve Smith is a powerhouse of energy, living by the mantra "work hard, play hard." As an expert in uniting teams for a greater purpose, Steve's innovative and creative strategies in employee health and wellness are game-changers. With over 25 years of expertise in health insurance, covering compliance, cost mitigation, utilization, analytics, wellness plans, and strategic planning, Steve is the go-to expert for driving down utilization trends and fostering a culture of well-being. His clients trust him to deliver exceptional results, making him an invaluable asset in the industry. As an Employee Benefits Consultant, Steve specializes in health care consulting for Minnesota public sector organizations including fully insured, self-insured, and stop-loss plans. Steve is a licensed insurance agent and holds the designations for Managed Healthcare Professional (The Health Insurance Association of America), Certified Patient Protection and Affordable Care Act Professional (National Association of Health Underwriters), and Group Benefits Disability Specialist (Hartford School of Insurance).

Recent Articles by Steve Smith

Strategies for Tackling Health Care Costs in 2023

3.5 minute read

According to Willis Towers Watson’s 2022 Emerging Trends in Health Care Survey, 94% of employers reported that managing their health care benefits will be their top priority over the...

Prescription Drug Reporting

1.5 minute read

Part of the 2021 Consolidated Appropriations Act is a new transparency provision. This provision requires employer-sponsored health plans and issuers to provide annual report...

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Final Forms for 2022 ACA Reporting

Updated December 19, 2022

2 minute read

The Internal Revenue Service (IRS) released the final forms for 2022 reporting under IRS Code Sections 6055 and 6056.

Financial and Physical Wellness

2 minute read

Financial concerns are consistently rated among the highest source of stress for people. It can create feelings of anxiety, frustration, and hopelessness. Employees who struggle from...

New Medicines Seeing Record-High Prices

1.5 minute read

New medicines are being launched with record-high prices this year. The median annual price of 13 new drugs the U.S. Food and Drug Administration approved to treat chronic conditions...

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Medical Stop-Loss Premiums Increased in 2022

1 minute read

Nearly 250 self-insured U.S. group health plans are seeing their average stop-loss coverage rise by 9.8% in 2022. This is according to Segal’s national medical stop-loss database of...

Inflation Reduction Act Signed into Law

1 minute read

President Joe Biden recently signed the Inflation Reduction Act into law. Although the law is primarily aimed at fighting inflation and reducing carbon emissions, it contains several...

Telehealth Nondiscrimination Guidance Released

1.5 minute read

With the increased usage of telehealth due to the pandemic, the Departments of Justice and Health and Human Services jointly issued guidance which addresses federal nondiscrimination...

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2023 Open Enrollment Checklist

1.5 minute read

For plan years beginning on or after January 1, 2023, employers should be aware of legal changes affecting the design and administration of their plans. It’s important to communicate...

Online Wellness and Insurance Needs Increase Due to Pandemic

1.5 minute read

In the past year, 34% of U.S. consumers reported mental health deterioration and 24% reported a decline in physical health. According to a global survey report from Swiss Re, these...