Because of all the changes happening in the health insurance industry due to the Affordable Care Act, many employers have been seeking different options for their company healthcare and their benefits programs that are available to their employees. We’ve discussed extensively how becoming self-insured is one of the most attractive options available to employers, but…
Read moreIf you are an employer who offers healthcare to your employees, you know that there is a timeframe called an open enrollment window. This window is for employees to use so they can adjust, renew or waive any of the benefits that they currently receive. Currently, laws require that employers offer an enrollment window to…
Read moreIf employees decide to take leaves of absence that qualify, there are provided several layers of protection through the Family and Medical Leave Act (FMLA), and the Uniformed Services Employment and Reemployment Act (USERAA). The most common of these types of protections is the fact that an employee is entitled to a similar job when…
Read moreA growing trend with working married couples is that they are now purchasing their own health insurance coverage plans, instead of getting on their spouses’ plan. In some cases, doing this is a good idea, and makes sense economically. In others, it is a personal preference and could depend on the contributions from the employer…
Read moreEach year, it is highly recommended that all companies who offer flexible spending accounts review three important terms that are FSA-related. Your human relations team probably has a good understanding of FSA rollovers, grace periods and runout periods, most employees in other departments tend to not know the difference between them. In some cases, they…
Read moreEvery year, the President of the United States gives the State of the Union Address (SOTU) to a joint session of Congress. President Trump gave the SOTU for 2019 earlier this year, and brought up several key issues regarding employee benefits and workplace healthcare. Some of those issues Trump talked about were paid family leave,…
Read moreAs the landscape for healthcare coverage in the workplace continues to change, and more regulations occur, more employers are considering the move to a self-insured model instead of the traditional full-coverage model. Self-insuring healthcare for businesses used to be something that was used strictly by large corporations, but since the passing of the Affordable Care…
Read moreSince the passing of the Affordable Care Act back in 2010, self-funded health care plans have been increasing in popularity with small businesses. The requirements of the ACA led businesses to assess how they were funding their employee insurance and benefits plans. Ever-changing regulations are difficult to keep up with, and a self-funded healthcare plan…
Read moreAs healthcare premiums continue to increase, and employee needs increasingly diversify, the majority of employers seem to be searching for options. A self-funded or level-funded health plan can be attractive to employers in a variety of different reasons, the most of which is saving on claims and ensuring a higher level of financial security. What…
Read moreERISA is an acronym that stands for the Employee Retirement Income Security Act. The ERISA Plan is a federal law that was passed in 1974 with the intent of helping protect the funds and assets of retired people. ERISA also has protections for employers as well. The ERISA law does not impact all employers, and…
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