Benefits Buzz

Posted March 21st, 2019 in Employers, Producers

That flu shot you're providing to employees. Are you offering it as a benefit to COBRA beneficiaries? Because you should be.

While COBRA is conceptually easy to understand, it is tactically more challenging to administer. Many employers are unaware that certain benefits are subject to COBRA. On the other hand, some employers are offering COBRA in situations which they don't have to because of a misunderstanding of the law.

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Posted March 19th, 2019 in Producers, Individuals

There are some big changes coming to Medicare Supplement plans in 2020. Plans C, F and High Deductible F will no longer be available for new Medicare enrollees.

In other words, if you become eligible for Medicare on or after January 1, 2020, you won’t be able to enroll in Plans C, F or High Deductible Plan F. However, if you are already enrolled in one of these plans, you’ll be grandfathered into that coverage and can keep that plan in place indefinitely.  

Posted March 12th, 2019 in Employers, Producers, Individuals

Health Savings Accounts (HSAs) have seen tremendous growth in the past decade and are quickly becoming one of the most popular employee benefits. These accounts allow individuals who are enrolled in a Qualified High Deductible Health Plan to use tax-free dollars to pay for out-of-pocket healthcare expenses for themselves and their families.

Posted March 5th, 2019 in Employers, Producers, Individuals

When talking about Health Flexible Spending Accounts (FSAs), you may hear the terms carryover, grace period and run-out period, but what do they mean and how do they differ? Here are some simple explanations of each term.

Posted February 27th, 2019 in Producers

In the continued war for talent, employers increasingly rely on benefits to help differentiate their organization and attract and retain better employees. Brokers have long played a critical role in this battle, helping employers build a better benefits package. But in today’s fast-changing workplace, a broker’s expertise on the multiple challenges their clients face is just as important as knowledge of the complicated benefits market.

Posted February 19th, 2019 in Employers, Producers

Over the years, HSAs have been touted as a way to pay for out-of-pocket medical expenses with tax-free dollars. However, recently HSAs have been making headlines as an alternative to 401(k) plans and other retirement plans.

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