Peter Freska, CEBS
The LBL Group, A UBA Partner Firm
The new health care law is confusing, in part because the language is confusing. Just take the terms “essential health benefits,” “minimum essential coverage” and “minimum value coverage” as an example – it’s not hard to see why employers’ heads are spinning.
While it might be easy to gloss over these phrases because they sound alike, it’s crucial to know that they are very different things. United Benefit Advisors has developed a resource that provides a complete definition of these three terms and included below is a preview of their meaning:
There are some stunning statistics that speak to the fact that most employers are not prepared to handle a disaster. For instance, did you know that only 35 percent of small- to medium-sized businesses have a comprehensive disaster recovery plan*, yet 94 percent of them believe that a disaster could seriously disrupt their business in within the next two years?**
By Mick Constantinou, Advisor, Employee Benefits
Connelly, Carlisle, Fields, & Nichols, A UBA Partner Firm