After submitting a claim for medical treatment, you may receive an Explanation of Benefits (EOB) from your insurance company. The EOB is a form that insurance companies send to their members to explain what part of a claim was paid…
Starting April 1, 2023, employees no longer eligible for Medicaid may look to employer-sponsored health insurance to stay covered. Beginning as early as April 1, approximately 15–18M people will no longer be eligible for Medicaid coverage because of the redetermination…
Over the last few years, employers have been expanding their voluntary benefits offerings as a way to address their employees’ needs and improve overall attraction and retention efforts. While voluntary benefits have become increasingly important to employees as they deal…
The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023. Employer-sponsored health plans have been required to comply with certain coverage requirements during the COVID-19 emergency periods, including…
In today’s market, attracting, keeping and caring for your employees can give you a competitive advantage. The value of offering a voluntary vision plan is that it can bring both financial benefits to your company and can be an outward…
Employers of all sizes are currently facing attraction and retention challenges. These challenges will likely continue through 2023. Successful efforts to win over employees can require a time investment and carry high costs. Unfortunately, small businesses often don’t have excess…
Beginning in 2014, the Affordable Care Act (ACA) prohibits group health plans and group health insurance issuers from applying any waiting period that exceeds 90 days. This waiting period limit does not require an employer to offer coverage to any…
Now more than ever, employees are looking to their employers for guidance on navigating their available benefits and how to stretch their dollars further. As such, effective open enrollment communication is critical this year. According to a Voya Financial survey,…
The California Department of Industrial Relations has announced that the state hourly minimum wage will increase to $15.50 an hour on Jan. 1, 2023. The new rate will apply to all employers, regardless of how many individuals they employ. California’s…
Employers that sponsor group health plans have some different options available to them for designing their plans’ enrollment process. When it comes to enrollment, health plan sponsors should have rules in place regarding: When employees can enroll in the health…