Producers

Posted April 10th, 2018 in Producers

As an insurance producer working in the small group market, you know that many small employers are struggling with the rising cost of healthcare. Your job is to help your clients find the most cost-effective benefits solutions that will save them money but still provide the competitive benefits package necessary to recruit and retain qualified candidates. Understanding the different products and services available in the market space is imperative to your success

Posted April 3rd, 2018 in Producers, Employers, Individuals

Last month, U.S. Representative Mike Kelly (R -PA) introduced the Bipartisan HSA Improvement Act. The proposed legislation would improve and enhance Health Savings Accounts (HSAs), and unlike most other HSA initiatives, this bill has bipartisan support.

HSAs have been an agenda item for the Republican party since their inception in 2004, but they are now gaining support amongst Democrats too. The Bipartisan HSA Improvement Act is co-authored by Rep. Earl Blumenauer (D-OR) and is being co-sponsored by a mixture of Republicans and Democrats including Erik Paulsen (R-MN), Ron Kind (D-WI), Terri Sewell (D-AL) and Brian Fitzpatrick (R-PA).

Posted March 29th, 2018 in Employers, Producers, Individuals
Last week, President Donald Trump signed into law a 2,232-page federal spending bill avoiding another government shutdown. In the days leading up to the bill’ s passage, it appeared that Congressional leaders were on the verge of including funds which aimed to stabilize the Affordable Care Act (ACA). 
 
Posted March 27th, 2018 in Employers, Producers, Individuals
On Monday, March 5, 2018, the IRS published Internal Revenue Bulletin (IRB) 2018-10 that contains Revenue Procedure (Rev. Proc.) 2018-19. 
 
Effective for calendar year 2018, the family contribution limit for Health Savings Accounts (HSAs) has been lowered to $6,850 from the previously set amount of $6,900. 
 
There has been no change in the individual contribution limit of $3,450 or the catch-up contribution limit of $1,000 for calendar year 2018.
 
Posted March 22nd, 2018 in Producers
If you make your living selling individual health insurance policies, then you know the Affordable Care Act (ACA) has wreaked havoc on the individual market. With skyrocketing premiums, narrowing carrier networks, commissions being cut and some carriers exiting the market altogether, the future seems uncertain. 
Posted March 15th, 2018 in Producers, Employers

As a benefits professional, you know that navigating the benefits industry can sometimes be a tricky endeavor. Let’s face it; employee benefits can be confusing—even for those of us who deal with this stuff for a living. Whether you’re a Human Resource Manager, an insurance agent or benefits consultant, people are counting on you to have all the answers. Flex is here to make sure you get them.

Posted March 13th, 2018 in Producers, Employers, Individuals
The Idaho Test – Last Thursday, the Centers for Medicare and Medicaid Services (CMS) shot down the state of Idaho’s plan to allow for the sale of health insurance plans which don’t comply with the Affordable Care Act (ACA). Idaho officials wanted less expensive plans to be available for purchase in their state, but these plans could use medical underwriting and wouldn’t have to cover all ten of the essential health benefits.
Posted March 8th, 2018 in Producers, Employers
The Employee Retirement Income Security Act of 1974 (ERISA) requires most employers who offer health and welfare benefits to maintain and distribute Summary Plan Descriptions (SPDs) to all plan participants. This SPD must include certain disclosures and information, such as when the employer may amend or terminate the plan(s).
 
Posted March 6th, 2018 in Producers, Employers, Individuals
In 2012, a lawsuit challenging the constitutionality of the Affordable Care Act (ACA) found its way all the up to the U.S. Supreme Court. At the time, an argument was made that the Individual Mandate was not constitutional. The Individual Mandate requires most Americans to have health insurance or pay a penalty, and this provision has been considered the main crutch that has kept the ACA standing. 
 
Posted March 1st, 2018 in Producers, Employers, Individuals
Flexible Benefit Service Corporation (Flex) is proud to announce that we are celebrating our 30th Anniversary in 2018. From our humble beginnings in 1988 to the experienced, scalable business we are today, Flex has always been willing to evolve with the needs of our clients and business partners throughout the US. 
 
We are also excited to introduce our new company tagline – Leading the way
 

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