Clients and friends of Bestefits will receive a webcast invitation via email for a Health Care Reform presentation that will address the ‘must know’ information for small and large employers. This will include compliance requirements, filing requirements, benefits technology information and software to automate many compliance provisions. This webcast will not be recorded so please…
DetailsForms 1094-C and 1095-C will be required of employers with 50 or more full-time equivalent employees. For calendar year 2015, the forms must be filed by February 28, 2016, if paper filing, or March 31, 2016, if filing electronically. Many employers are evaluating software systems now that will track all of the information required for…
DetailsAlthough this tax is set to take place in 2018 and there may be modifications before that time, it is important that employers begin considering its impact now. Many employers are already preparing by making changes to the level of plans they are offering and finding other ways to enhance benefits for employees who will…
DetailsSet up fees are waived for employers who sign up before March 15th and the app is only $50/user. Contact us soon if you want to learn more.
83% of survey responses indicate that smokers would prefer an app-based program. This app has shown great promise!
Many small and medium size employers, I’d even go as far as saying MOST small and medium size employers, are not aware that the plan documents provided by the carrier (usually referred to as Summary of Benefits and Coverage, SBC’s, benefit summaries and Explanation of Coverage, EOC’s) do not contain all of the information that…
DetailsAnthem 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…
DetailsPrivate exchanges have been around for some time but they haven’t had the buzz that they do now with Health Care Reform. Although, they are now a regular part of benefit conversations and more exchanges are emerging, fairly few employers have moved to them so far. It is hard to determine how that will change…
DetailsIndividuals are eligible to enroll in individual medical insurance outside of the annual Open Enrollment period if they experience a qualifying event. Loss of your company’s group medical insurance upon termination would be considered such a qualifying event and the former employee could enroll in individual coverage within 60 days. In some cases, the former…
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…
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