View Post

Increased Medical Benefits Options for Employers

As we round out the first quarter of the year, we wanted to provide an update on what we are seeing in the marketplace for employer provided health insurance benefits. So far, it is similar to what we’ve seen historically at this point in the year: Insurance carriers are jockeying for position, trying to capture and maintain as much market share as possible, while being thoughtful about their pricing.

View Post

Join Us and Support the American Red Cross

Over the last several months our communities have been ravaged by disaster. Just about everyone we know has been impacted in one way or another. But in times of great darkness the light comes from the outpouring of community support.

People need our immediate help. This is why we at Beneflex are supporting the American Red Cross Disaster Relief Fund with a $5,000 donation. We ask that you join us in supporting the American Red Cross and its disaster relief efforts by donating today.

View Post

Health Insurance Catches Up with Technology: How Employees Benefit

Historically, when people considered health insurance and technology, they haven’t always been regarded as having a very synergistic relationship. While in some areas the health insurance industry is extremely sophisticated, its been often noted that there is a lot of catching up to do with technology. However, we’ve seen a big shift in that lately.

View Post

Santa Barbara Flood & Mudslide Update

As a local business, we are heartbroken over the devastation that the Thomas Fire, and now the storms and mudslides have caused our communities. Everyone has been affected in one way or another. In an effort to support the agencies that are assiting our communities, we are sharing some important information from the local Red Cross. Search & Rescue The …

View Post

The Cobra Payment Process: Third Parties & Shortfalls

As we wrap up our series on the COBRA Payment Process, in this post we will discuss payments by third parties as well as insignificant payment shortfalls. This wraps up our blog series which featured articles on Grace Periods, Notifications, and Premium Payment Methods. Third Party Payment Plan administrators must accept COBRA premium payments from anyone making payments on behalf …

View Post

The COBRA Payment Process: Premium Payment Methods

Last month we began to discuss the COBRA Payment Process and walked you through Grace Periods and Notifications. This week we will discuss Premium Payment Methods.

The plan administrator must allow payments to be made in monthly installments, but can also permit payments weekly, quarterly, or semi-annually. Each plan must provide an election notice to notify the qualified beneficiary of the monthly premium amount, the premium due date, and the grace period.

View Post

Healthcare Update – Newest Executive Order

On October 12, 2017, the White House released an Executive Order, signed by President Trump, titled “Promoting Healthcare Choice and Competition Across the United States.”

IMPORTANT: The new Executive Order (EO) does not implement any new laws or regulations, but instead directs various federal agencies to explore options relating to association health plans, short term limited-duration coverage (STLDI), and health reimbursement arrangements (HRAs), within the next 60 to 120 days.

View Post

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 …

View Post

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 …