Anthem members and plan sponsors have received multiple communications regarding a recent cyber attack that compromised the personal information of many members. Anthem has been working with the FBI to understand the impact to their members and create proper security protocol. Affected members will receive communications from Anthem and will have access to Identity Theft…
DetailsThank you all for being valued clients of Bestefits. We have enjoyed helping you through your personal coverage decisions based on your health conditions, financial considerations and support needs. Some of you were eligible for significant subsidies to help pay the cost of medical insurance premiums. Getting through the technical and service difficulties of our…
DetailsMost people have become familiar with the 4 medical insurance metal tier plan names, Platinum, Gold, Silver, Bronze. These names are intended to help explain the level of coverage a plan will provide. There have been some rumblings of a new Copper level plan that would have an actuarial value of 50 percent. As such,…
DetailsCertain conditions will exempt some individuals and families from the requirement to purchase medical insurance or face a tax penalty for non-coverage. “Those who are exempt include unauthorized immigrants, people with income low enough that they are not required to file a tax return; people below 138 percent of the federal poverty guidelines; people who…
DetailsYou can’t pack your U.S. based medical insurance plan in your suitcase! Call Bestefits before your leave so we can help you bring a Travel Medical Policy with your choice of medical limits, deductibles and pre-existing conditions covered.
Although being declined for individual medical insurance due to a pre-existing condition is no longer an issue, individuals and families have one period of time during the year to enroll. This is to reduce the likelihood that individuals will enroll only in response to major health events. The individual medical insurance Open Enrollment period is…
DetailsThe Affordable Care Act requires health insurance carriers to submit information regarding the proportion of premium spent on clinical services and quality improvement, also known as the Medical Loss Ratio (MLR). It also requires them to issue rebates to enrollees if they do not spend at least 80% or 85% of premium dollars on medical…
DetailsThe answer to this question depends, as it always does, on the needs of your employees’ families. Certainly, an employee may save money on a monthly premium basis by covering children only under the dental and vision coverage through the medical insurance plan. However, there can still be gaps in coverage and the children will…
DetailsBestefits helps employers to better serve their executive team by providing individualized time to examine their financial security. Most group benefit plans offer a standard level of life and disability insurance. However, standard life insurance amounts and disability maximums provide little financial protection to high earners. It is common to see basic group life insurance…
DetailsIt is a very simple thing to do. Just think of us if you or any of your employees will travel outside of the U.S. Your domestic medical insurance policy can do very little to help you if you need medical care while abroad. Travel insurance policies are inexpensive and connect you with a network…
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