benefits Archives - Page 11 of 30

UBA Special Report: How Health Savings Accounts Measure Up | PA Benefit Advisors

May 12, 2017

Employers see opportunity to drive HSA enrollment despite making modest contributions to plans United Benefit Advisors, the nation’s leading independent employee benefits advisory organization, finds that employers continue to seek health care cost savings through consumer-driven health plans (CDHPs) with health savings accounts (HSAs), and the less popular health reimbursement arrangements (HRAs). In a new … Continued

Is Your Wellness Program Compliant with the ACA, GINA and EEOC? | PA Benefit Advisors

May 9, 2017

Workplace wellness programs have increased popularity through the years. According to the most recent UBA Health Plan Survey, 49 percent of firms with 200+ employees offering health benefits in 2016 offered wellness programs. Workplace wellness programs’ popularity also brought controversy and hefty discussions about what works to improve population health and which programs comply with … Continued

ACA Market Stabilization Final Rule | PA Benefit Advisors

May 1, 2017

On April 18, 2017, the Department of Health and Human Services’ (HHS) Centers for Medicare & Medicaid Services (CMS) published its final rule regarding Patient Protection and Affordable Care Act (ACA) market stabilization. The rule amends standards relating to special enrollment periods, guaranteed availability, and the timing of the annual open enrollment period in the … Continued

Flex Work: Advantages in the New Workforce | PA Benefit Advisors

April 26, 2017

Flex Work. No doubt you’ve heard this term (or some variation) floating around the last decade or so, but what exactly does it mean? Flexible work can vary by definition depending on who you ask, but one thing is for sure, it’s here to stay and changing the way we view the workforce. According to … Continued

SBC Template and Required Addendums for Covered Entities under ACA Section 1557 | PA Benefit Advisors

April 24, 2017

A Summary of Benefits and Coverage (SBC) is four page (double-sided) communication required by the federal government. It must contain specific information, in a specific order, and with a minimum size type, about a group health benefit’s coverage and limitations. If an employer providing an SBC is a covered entity under the Section 1557 of … Continued

Discovery for Health and Welfare Benefit Plans: Required ERISA Reporting—Form 5500 | PA Benefit Consultants

April 20, 2017

Most companies are fully aware of Form 5500 reporting requirements related to their 401(k) plans, but are less familiar with the Form 5500 reporting requirements for their health and welfare benefit plans. Requirements: Most employer-sponsored health and welfare benefit plans, including, but not limited to, group health, dental, vision, life insurance, disability insurance, voluntary worksite … Continued

An Employer’s Guide to Navigating the ACA’s Strong Headwinds | PA Benefit Advisors

April 14, 2017

One might describe the series of events leading to the death of the American Health Care Act (Congress’s bill to repeal and replace the Affordable Care Act) as something like a ballistic missile exploding at launch. The Patient Protection and Affordable Care Act (ACA) repeal debate began nearly a decade ago with former President Barack … Continued

Employee Benefit Trends of 2017 | PA Benefit Advisors

April 10, 2017

Customization of benefits is becoming more popular. The process of personalizing employee benefits allows for individuals to choose from an array of options, and increases employee satisfaction.

The Best Ways to Minimize Your Risk When Selecting a Stop Loss Carrier – Part 2 | PA Benefit Advisors

April 6, 2017

In the first part of this two-part blog, I recommended a number of important items to keep in mind as you select a stop loss carrier. Additionally, here are a few other things you will want to look for, or ask about, when selecting a stop loss carrier. While this is not an exhaustive list, … Continued

TeleMedicine – The NextGen Benefit of Minor Healthcare | PA Benefit Advisors

April 2, 2017

It’s not surprising that 2017 stands to be the year many will have an experience to share using a Telemedicine or a Virtual Doctor service. With current market trends, government regulations, and changing economic demands, it’s fast becoming a more popular alternative to traditional healthcare visits. And, as healthcare costs continue to rise and there … Continued

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