Benefits Buzz

Posted June 27th, 2013 in Employers

Now that you have returned to your office after the SHRM 2013 Annual Conference in Chicago, Flex hopes you have gotten a chance to:

• Check your emails
Get some shuteye
• Sort through your goodie bag of giveaways and sales materials
• Add your new HR colleagues on LinkedIn

Posted June 5th, 2013 in Individuals, Employers, Producers

Most health insurance professionals have some familiarity about the government subsidies that will be available next year to eligible individuals. These subsidies will reduce insurance premiums and out-of-pocket medical expenses for those that qualify, and will only be available to individuals that enroll in coverage through health insurance marketplaces, also known as the public exchanges.

Posted May 21st, 2013 in Employers, Producers

Last week, Senator Ben Cardin (D-MD) and Senator Mike Enzi (R-WY) introduced S 9.66, the Medical FSA Improvement Act, to eliminate the Use-It or Lose-It rule by allowing individuals to cash-out unused Flexible Spending Account (FSA) balances with the amounts treated as taxable income.

View the legislative language >>

What could this mean for Americans?

Posted May 16th, 2013 in Employers, Producers

Most employers will be required to provide a written notification to employees in regards to the ability to access coverage through the new Health Insurance Marketplaces, also known as the exchanges. Even employers that don't provide coverage to their employees will be required to provide this written notification.

Posted May 13th, 2013 in Producers

The Center for Consumer Information and Insurance Oversight (CCIIO) published guidance on May 1, 2013 about the role of insurance producers in the Health Insurance Marketplaces, also referred to as the public exchanges.

The guidance suggests that insurance producers will play a valuable role in facilitating public exchange enrollments starting this October.

Posted May 8th, 2013 in Individuals, Employers, Producers

The Center for Medicare and Medicaid Services (CMS) issued a statement on April 30, 2013 that the public exchange applications, officially referred to as the Marketplace Consumer Applications, have been revised.

The Invidual Short Form is now just three pages in length. The Family Form is also said to have been reduced by about two-thirds its original length.

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