Quartz aims to help populations needing extra support
The plans will allow members to retain Medicaid coverage while gaining additional benefits like dental coverage and a quarterly over-the-counter allowance at no additional cost
Insurance
Feds expect to collect $4.7B in insurance fraud penalties
The Department of Health and Human Services said it will begin collecting payments from insurers when an audit turns up that they charged for diagnoses that are not reflected in the patient’s medical records.
Quartz insurance fined $500K in Illinois for mental health, addiction violations
Quartz, which offers coverage in northern Illinois, was deemed to have several violations, including requiring prior authorization on substance use disorder claims and leaving brand-name drugs for addiction treatment off its approved list.
M3 announces strategic partnership with The Employer Group
In this partnership, TEG will function as a wholly owned subsidiary of M3 and will continue to offer customized solutions to organizations of all sizes and industries.
WPS Health Insurance expands Medicare supplement sales into 7 new states
The company is planning to expand into 24 more states over the next two years.
2023 BOOK OF LISTS
The 2023 digital edition of the In Business Book of Lists is now available to read in full. Click the cover to start reading!
AmFam to sell Milwaukee building intended for new office
The former Mandel printing building at 1311–1325 Martin Luther King Jr. Drive was purchased by the company in 2019 for $2.9 million and was intended to house an office employing 400 American Family workers.
2022 American Family Insurance Championship raises more than $2.2 million
Approximately half of this year’s proceeds will be distributed to the American Family Children’s Hospital in Madison and 140 other primarily local charities will share the rest in varying amounts.
Yancy named president of AmFam Insurance Group
Yancy joined the organization as a marketing director in 2009, leading a major rebranding effort for American Family Insurance and subsequently becoming marketing vice president and then chief marketing officer.
WPS to drop Medicare Part D drug coverage
Monona-based WPS Health Insurance will end its Medicare Part D drug coverage to concentrate on Medicare Supplement Insurance plans.
United Way outlines health insurance assistance program
The United Way of Dane County announced that enrollment for the HealthConnect Premium Assistance Program will begin on Nov. 1, 2022, and run through Jan. 15, 2023.
Keeping costs in check
Congress, as part of the recently passed Inflation Reduction Act, extended through 2025 the enhanced premium subsidies created by the American Rescue Plan Act. The move effectively delayed what could have been significant premium shock for millions of people at a time of record-high enrollment in marketplace coverage and record-high inflation.
AmFam announces new in-person work policy
American Family Insurance group employees will now be required to spend half of their work time in the office.
Dean Health Plan awards funding to area organizations
Dean Health Plan awarded $10,000 in wellness grants to eight area organizations to support their employee wellness programs.
NGL donates $100,000 to Center for Black Excellence and Culture
National Guardian Life Insurance Co. announced a $100,000 gift to support Madison’s Center for Black Excellence and Culture.
Survey: Employers increase pay, benefits for employees
Gallagher's 2022 U.S. Physical & Emotional Wellbeing Report found that 89% of employers enhanced employees’ base salaries in 2022, an 11% increase over 2021, and nearly all responders now offer medical benefits.
Tight labor market impacting employer health insurance trends
The annual M3 Trends Report shows a welcome bit of normalcy in the rising costs of health insurance but also highlights the challenges facing business leaders trying to attract and retain talented workers.
Krell Insurance Services sold
Mosher & Associates of Monroe purchased Krell Insurance Services, Inc. on Jan. 1, 2022.
BBB warns of “storm chaser” scams after damaging storms
The Better Business Bureau Serving Wisconsin is warning homeowners affected by natural disasters to beware of out-of-town contractors, or “storm chasers."
WEA Trust to end medical coverage in Wisconsin, lay off 110
Wisconsin-based nonprofit WEA Trust and Health Tradition Health Plan announced it will be ending its health insurance market offerings by the end of 2022.
