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The COBRA Payment Process: Notifications

As we continue our series on The COBRA Payment Process, this week we discuss notifications. The plan administrator must notify the qualified beneficiary of the COBRA premium payment obligations in terms of how much to pay and when payments are due; however, the plan does not have to renotify the qualified beneficiary to make timely payments. Even though plans are …

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The COBRA Payment Process: Grace Periods

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allows qualified beneficiaries who lose health benefits due to a qualifying event to continue group health benefits. The COBRA payment process is subject to various rules in terms of grace periods, notification, premium payment methods, and treatment of insignificant shortfalls. In this four-part blog series, we’ll review each of these topics …

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Maximize the Open Enrollment Experience

Fourth quarter is open enrollment season in the employee benefits insurance business. Over 80% of the medical insurance carriers renew their business during this last quarter of the year, and 80% of THAT business renews on December 1st. With so much business renewing at the same time it’s easy for employers and their employees to get lost in the mix. …

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Choosing the Right Benefits Advisor – Glossary of Terms

While searching for the right employee benefits advisor, the jumble of industry acronyms and jargon can quickly become confusing to even the most seasoned human resources professionals. Included below are definitions for some of the more common terms in the employee benefit brokerage world. For more information on any of these or other industry terms, contact us today! ASC: Ambulatory surgery …

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How to Address the Cost of Diabetes in the Workplace

Summer is officially here and while we would like to believe that all of us have gotten healthy and bikini ready by this time of year, the reality is that the majority of our country is not. Specifically, Diabetes has risen to the top of the chronic disease states affecting employees. The CDC reports that more than 29 million Americans are …

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Health Care Reform Uncertainty: What You Can Do Now

Since all we’ve been hearing on the healthcare front these days is uncertainty about the impact of proposed health care reform, we thought it would be helpful to share a little about the facts we DO know about the cost of health care and how employers’ plans currently measure up to each other. As health insurance costs continue to rise, …

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Disability Insurance: Protect Your Paycheck

Typically, if you get sick you go to the doctor, and often that’s covered by health insurance. If you get into a car accident, you likely have auto insurance company to handle those expenses. But what if your illness put you out of a job, or the car accident caused an injury which prevented you from going back to work? …

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AHCA Passes in the House – Now What?

Many of you are likely aware that on May 4, 2017, the U.S. House of Representatives passed House Resolution 1628, a reconciliation bill proposed by the current administration, aimed at “repealing and replacing” the Patient Protection and Affordable Care Act (ACA) set forth under the Obama administration. This new bill, titled the “American Health Care Act of 2017” (AHCA) is …