If you are self-funding your employee healthcare plan, read on. There’s a new requirement to disclose information about your plan, and let’s just say, it can be complicated. The new rule comes from the Consolidated Appropriations Act (CAA), which was signed into law on December 27, 2020. Buried in the CAA were some important new …
Imagine for a moment that one of your employees gets the devastating news that their spouse has stage three cancer and needs chemotherapy. The doctor recommends a new and promising drug that is administered via infusion. Another piece of crushing information: the treatment costs $10,000 a month—a sum your team member can hardly afford. Enter …
One of the most complex and often-debated provisions of the Affordable Care Act is the individual mandate, which required most households in the U.S. to have health insurance or face a penalty. That provision was eliminated for many Americans in 2019, when the Tax Cut and Jobs Act reduced the penalty to $0. Today, five …
ACA Update: The State Individual Mandate for Health Insurance Read More »
After six long years of transitioning employers to the ACA, the IRS has decided that enough is enough. It’s time to get tough on compliance and begin penalizing companies that don’t follow the rules around offering employee health benefits and reporting what they are doing. Should employers be worried? In a word, yes. The IRS …
While most of us have accepted the new normal created by the pandemic, the impact on the economy, and the closing of schools and business have left many Americans feeling stressed, lonely, depressed, and fearful—especially our children. According to the CDC’s pulse survey this fall, 11 million Americans said they needed mental health services but …
Are you in compliance with mental health parity? Read More »
It’s happened to almost everyone. You go for surgery at an in-network hospital and receive an unexpected bill for thousands of dollars for anesthesia. You didn’t know it at the time, but it’s because the anesthesiologist was out of network. Or you have an emergency, and you are rushed to the closest emergency room without …
Are the rising costs of employee health insurance impacting your bottom line? Of course they are! Unfortunately, there’s no end in sight to accelerating medical costs and COVID-19 has only complicated matters. So what are you doing about it? Read on to learn about a solution that small and medium-sized businesses are adopting in greater …
Looking at self-funding health insurance for small businesses Read More »
As employers, individuals, carriers, and the federal government continue to grapple with the increasing cost of health insurance, the private sector must come up with unique solutions to reduce cost and make health insurance more accessible. This is important for all employers, and especially those in industries with lower-wage earners: home health care agencies, restaurants, …
Introducing affordable group health insurance for lower-income employees Read More »
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Rockledge, PA 19046
PHONE:
215-663-8000
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215-663-8299
