COBRA Continuation Coverage

COBRA Continuation Coverage

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows individuals to continue their group health plan coverage in certain situations. Specifically, COBRA requires group health plans to offer continuation coverage to covered employees and dependents when coverage would otherwise be lost due to certain specific events. These events include the death of a covered employee, termination […]

How to Personalize Your Employee Benefits Offerings

How to Personalize Your Employee Benefits Offerings

Different employees have different needs and values. Therefore, the same benefits offerings can’t satisfy everyone. If your organization is trying to appeal to current and prospective workers, consider tailoring your benefits options. Below are potential options for expanding the existing benefits plan or adding more voluntary perks. Tips for Personalizing Benefits Survey employees. One of […]

How to Handle a Surprise Medical Bill

How to Handle a Surprise Medical Bill

If you’ve ever received a surprise medical bill, you’re not alone. According to a survey conducted by NORC at the University of Chicago, over half of American adults have been surprised by a bill that they had assumed would be covered by their medical insurance. Moreover, only 1 in 5 of these surprise bills were […]

2022 Health Plan Compliance Deadlines

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Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans. This Compliance Overview explains key 2022 compliance deadlines for employer-sponsored group health plans. It also outlines group health plan notices that employers must provide each year. Some of the compliance deadlines summarized below are tied to […]

3 Voluntary Benefits Trends to Watch in 2022

3 Voluntary Benefits Trends to Watch in 2022

Benefits have always been crucial for attracting and retaining top performers, and voluntary benefits are a great way for employers to round off their offerings. These extra perks allow for more personalization that can help satisfy the unique needs of each worker, especially in today’s multigenerational workforce. Although individual needs vary, some common themes—physical, mental […]

Reporting Requirements for Employers and Health Plans

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The Affordable Care Act (ACA) created a number of federal reporting requirements for employers and health plans. The additional reporting is intended to promote transparency with respect to health plan coverage and costs. It will also provide the government with information to administer other ACA mandates, such as the large employer shared responsibility penalty and […]

How Do I Know Who is Eligible for COBRA and When?

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Employers and plan administrators should make sure they are aware of which employees are entitled to Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage. Problems can arise if COBRA is not offered to someone who is eligible to elect COBRA coverage, or if it is offered to someone who is not eligible. Under the COBRA rules, […]

5 Strategies for Reducing Health Benefit Costs in 2022

5 Strategies for Reducing Health Benefit Costs in 2022

For the past two decades, health costs have increased each year. This happens for a variety of reasons, such as inflation or, say, a global pandemic. With that in mind, employers can bank on prices going up in 2022. According to a PricewaterhouseCoopers (PwC) report, medical costs are projected to increase 6.5% in 2022. This […]

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