A 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…
Read moreRisk Management in Healthcare is as crucial as it is unique. No matter what the industry, every business has a protocol in place to minimize risks. In addition, they help increase things like employee safety and morale. In healthcare, the field deals primarily with the lives, safety, and wellbeing of patients. This gives healthcare risk…
Read moreAs a self-insured employer, you know that self-funded healthcare plans come with benefits and risks. How can stop loss insurance protect your business, and do you really need it? What types of companies take out stop loss insurance? Is there contract terminology associated with medical stop loss? Read on if you’re still on the fence…
Read moreIf you’ve been thinking about adding stop loss coverage for your self-funded healthcare plan, you no doubt have some questions. You want to know if you really need stop loss coverage, which broker or managing general underwriter is right for your business, and so on. When doing your research and choosing which stop loss services…
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