What Is Spousal Language in Health Insurance Coverage?

What Is Spousal Language in Health Insurance Coverage?

Spousal language in health insurance coverage refers to restrictions on coverage for an employee’s spouse. These restrictions are designed to control healthcare costs. Spousal Language will typically come into play where an employer either will not cover a spouse, or the employer will charge a surcharge. This is for employees that have coverage available through […]
Employers’ Deadline for Creditable Coverage Notices

Employers’ Deadline for Creditable Coverage Notices

Health insurance options are sometimes a lot for employers to tackle. One of the things that employers need to understand what creditable coverage notices are, and when to send them to eligible employees.  When an employee reaches the age of sixty-five, they become eligible for Medicare coverage through Federal Government programs. Technically, employees can begin […]
Wellness Programs for Employee Health Benefit Packages

Wellness Programs for Employee Health Benefit Packages

While there is a significant amount of research supporting the potential benefits of wellness programs in reducing healthcare costs, the actual impact can vary based on factors such as program design, participation rates, and the specific health needs of the population. It’s important to note that wellness programs should be well-designed and evidence-based to achieve […]
Does Your Insurance Brokers Shop Benefits Before Renewal Time?

Does Your Insurance Brokers Shop Benefits Before Renewal Time?

How involved is your health insurance broker when it comes to shopping for your insurance benefits?  All too often it comes to our attention that many companies just have their current policies renewed before looking at all their options. Does your health insurance broker shop benefits during renewal time?  If the answer is “no” read […]
2024 Inflation-Adjustment Amounts for HSAs

2024 Inflation-Adjustment Amounts for HSAs

A Health Savings Account (HSA) is a tax-exempt savings account that can be used to pay for certain medical expenses. HSAs are only available with certain high-deductible health plans. With an HSA plan individuals are allowed to put money away and withdraw it tax-free, for qualified medical expenses. Individuals using untaxed dollars in an HSA […]
ICHRA Plans and Small Businesses

ICHRA Plans and Small Businesses

  What is an ICHRA? An ICHRA is an individual coverage health reimbursement arrangement. These are reimbursement arrangements integrated with individual market health insurance coverage. They’re created for employers who want to help their employees. Through an ICHRA, employers can reimburse employees’ individual medical insurance premiums. Not only their premiums but also other qualified health care expenses!  […]
Mental Health & Your Benefits Packages

Mental Health & Your Benefits Packages

  More and more employers are understanding the need for including additional mental health services in their benefits packages, and for good reason. A staggering 83% of US workers report suffering from work-related stress and 42% of employees with access to mental health benefits cite this as a major reason they are inclined to stay […]
What is a Health Insurance Broker?

What is a Health Insurance Broker?

With so many variables, it can be difficult to find the perfect health insurance broker or agent for you. To make things easier, you might choose to hire someone to do the dirty work for you. They are either a health insurance broker or an insurance agent. The question is, who do you hire? Learning […]