Employees are working longer, whether because of increasing life expectancies or lowered confidence about their ability to retire. Longer work lives are tied to less engagement and more stress, among other negative impacts. For employers, this may mean taking time to consider shifting benefits or programming to better meet changing needs both to help employees retire when they want and stay healthier if they continue working.
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Topics:
family insurance benefits,
retirement security,
retirement planning
The Internal Revenue Service (IRS) recently released Revenue Procedure 2018-27 to modify the 2018 health savings account (HSA) family contribution limit back to $6,900. This is the second, and likely final, change in limit during 2018.
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Topics:
family planning,
HSA,
family insurance benefits,
HSA funding,
health care benefits,
HSAs
By Carol Taylor, Employee Benefit Advisor
D&S Agency, a UBA Partner Firm
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
summary of benefits and coverage,
SBC,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
By Linda Rowings
Chief Compliance Officer, UBA
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
By Elizabeth Kay
Compliance and Retention Analyst
AEIS, a UBA Partner Firm
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
By Carol Taylor, Employee Benefit Advisor
D&S Agency, A UBA Partner Firm
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
summary of benefits and coverage,
SBC,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
A Summary of Benefits and Coverage (SBC) must contain:
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
summary of benefits and coverage,
SBC,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
On August 22, 2014, the Departments of Health and Human Services (HHS), Labor, and Treasury released an interim final rule and a proposed rule that provide some new accommodations to employers that have religious objections to covering contraception under their group health plans. The agencies also released a fact sheet on the rules and an alternate form that religious organizations (like religious hospitals, universities and charities) may use.
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
religious objections,
contraception,
religious opposition to contraception,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
With Fall open enrollment around the corner, most employers will need to provide a Summary of Benefits and Coverage (SBC) to eligible individuals. Here are some highlights of the requirement (as of August 2014):
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits
Recently, UBA Partner Mike Humphrey, Senior Benefits Advisor at The Wilson Agency, shared some great insights for those who are considering doing a dependent audit. He points out three reasons why you shouldn’t do these audits and offers a much better approach to reining in costs associated with covering dependents that should no longer be on your plan. Humphrey’s long tenure counseling large employers shows once again that sometimes quick-fix solutions for eliminating wasteful spending aren’t worth it in the end, no matter how well intended. Instead, simple changes to the up front enrollment process can avoid a lot of headaches and keep costs in line.
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Topics:
health insurance exchanges,
private insurance exchange,
health marketplace,
employee wellness,
PPACA,
retirement,
small group employers,
benefit communication,
benefit consultants,
benefit management,
compliance with health care reform,
employee health,
group health insurance,
healthcare consumerism,
health plan compliance,
health reimbursement account,
insurance solutions,
medical plan,
self funded health plans,
Group health plans,
small business,
dependents,
dependent insurance,
family insurance benefits