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 […]
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 […]