Archive for Health Care Plans’ Category

Notifying Participants of a Plan Change | Houston Employee Benefits
Apr

23

2018

Notifying Participants of a Plan Change | Houston Employee Benefits

Curious about when you should notify a participant about a change to their health care plan?  The answer is that it depends!  Notification must happen within one of three time frames: 60 days prior to the change, no later than 60 days after the change, or within 210 days after the end of the plan year. For modifications to the summary plan description (SPD) that…

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Grandmothers Can Visit A Little Longer | Houston Employee Benefits
Apr

13

2018

Grandmothers Can Visit A Little Longer | Houston Employee Benefits

States that permit carriers to renew medical policies without adopting various Affordable Care Act (ACA) requirements may continue to do so through 2019, according to a bulletin released April 9, 2018, by the U.S. Department of Health and Human Services. The bulletin extends transitional relief for non-ACA-compliant policies for another year. The affected category of non-ACA-compliant policies, available in some individual and small group insurance…

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Price Shopping Healthcare | Houston Employee Benefits Brokers
Apr

5

2018

Price Shopping Healthcare | Houston Employee Benefits Brokers

As the costs of health care soar, many consumers are looking for ways to control their medical spending. Also, with the rise of enrollment in high deductible health plans, consumers are paying for more health care out-of-pocket. From medical savings accounts to discount plans for prescriptions, patients are growing increasingly conscious of prices for their healthcare needs. Price shopping procedures and providers allows you to…

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Here’s Where #FOMO Is Doing You a Disservice | Texas Benefit Advisors
Mar

19

2018

Here’s Where #FOMO Is Doing You a Disservice | Texas Benefit Advisors

Fear of missing out—is more than just a hashtag. Many Millennials admit that #FOMO drives a lot of their decisions on what they wear, what they do, even what they eat and drink. We live in a world of social influence. But one area where #FOMO really does you a disservice? No one is afraid of missing out on the benefits of life insurance. And…

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All About Medical Savings Accounts | TX Benefit Advisors
Mar

13

2018

All About Medical Savings Accounts | TX Benefit Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through health savings accounts. Health savings accounts are used in conjunction…

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6 Ways to Keep the Flu from Sidelining Your Workplace | Houston Employee Benefits
Mar

5

2018

6 Ways to Keep the Flu from Sidelining Your Workplace | Houston Employee Benefits

  This year’s flu season is a rough one. Although the predominant strains of this year’s influenza viruses were represented in the vaccine, they mutated, which decreased the effectiveness of the immunization. The flu then spread widely and quickly, and in addition, the symptoms were severe and deadly. The U.S. Centers for Disease Control and Prevention (CDC) reported that the 2017 – 2018 flu season…

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Feb

15

2018

Federal Employment Law Update – February 2018 | Houston Employee Benefits

IRS Releases Publication 15 and W-4 Withholding Guidance for 2018 On January 31, 2018, the federal Internal Revenue Service (IRS) released Publication 15 — Introductory Material, which includes the following: 2018 federal income tax withholding tables. Exempt Form W-4 New information on: Withholding allowance. Withholding on supplemental wages. Backup withholding. Moving expense reimbursement. Social Security and Medicare tax for 2018. Disaster tax relief. Read Publication…

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Benefits Easy: Intro to Self-Funding | Texas Benefits Advisors
Jan

30

2018

Benefits Easy: Intro to Self-Funding | Texas Benefits Advisors

As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket instead of paying a premium to an insurance carrier, companies…

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