Benefits Buzz

Posted February 10th, 2021 in Producers

On Jan. 28th, President Biden issued an executive order creating a special enrollment period (SEP) from Feb. 15 – May 15.

Join Flex University and Bright Health's Illinois Broker Manager, Jaizon Plaga, for a virtual product refresher training to get you ready for this new SEP, including:
 

Posted February 2nd, 2021 in Employers, Producers

Why employees should max out their HSA contributions

Most people don’t think about an HSA as a savings account. Instead, they think of it as an account used to set aside money, tax-free, to pay for healthcare expenses. While this is true, the reality is an HSA is much more than a bank account. It’s a long-term savings vehicle.

Posted January 29th, 2021 in Producers, Individuals

President Joseph Biden signed an executive order on Thursday which instructs the Department of Health and Human Services (HHS) to authorize a new special enrollment period in the individual health insurance market. The special enrollment period will be available because of the exceptional circumstances that have been created by the COVID-19 pandemic.

Posted January 26th, 2021 in Employers, Producers, Individuals

Joseph Biden was sworn in as the 46th President of the United States less than one week ago, and he has already introduced his ideas for a third economic stimulus package.

Posted January 19th, 2021 in Employers, Producers

The Consolidated Appropriations Act, 2021 was signed into law on December 27, 2020. As part of the law, a new stimulus package was included that impacts Health and Dependent Care Flexible Spending Accounts (Health and Dependent Care FSAs).

Posted January 13th, 2021 in Employers, Producers

Individual Coverage Health Reimbursement Arrangements (ICHRAs) first became available in 2020. ICHRAs allow employers to reimburse employees for individual health insurance coverage (or Medicare coverage) that employees obtain on their own. ICHRAs provide employers with an alternative to offering traditional group health insurance coverage to employees.

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