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…
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…
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…
DetailsLearn more about the things that do and don’t make wellness programs successful. I have seen a number of organizations in our industry that promote one strategy, one vendor, an internal no-cost solution and other things that jump on the excitement of the wellness buzz to sell; but don’t deliver in the long-term or are…
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