Skip to main content

SEARCH

Showing 638 results found

Individual Coverage HRAs May Be the Solution You Seek

… ACA). In short, an employer creates an HRA through which they reimburse employees for the cost of the purchase of individual health insurance through an individual exchange. The employer contributions must be set at a level that is compliant with ACA rules to avoid penalties. The employer retains the tax benefits of subsidizing the program and the employee enjoys employer support towards the cost of health and prescription coverage. If employees need to make up any difference between the employer’s monthly reimbursement and the total insurance cost, the employee simply does so through a voluntary contribution. The upside: An …

https://www.epicbrokers.com/insights/individual-coverage-hras-may-be-the-solution-you-seek/

Transparency Rule Released Just Prior to 2020 Election

Following through on President Trump’s objective of increasing transparency in healthcare, the Departments of Health and Human Services (HHS), Labor and Treasury released a final rule, Transparency in Coverage (CMS-9915-F). It mandates disclosure of pricing information beginning January 1, 2022 – and starting January 1, 2023, it requires most group health plans and health insurance issuers in the individual and group markets to disclose cost-sharing information to individual and employer-sponsored plan enrollees upon request. These disclosures are separate from the hospital cost disclosures slated to take effect on January 1, 2021. The information includes cost-sharing …

https://www.epicbrokers.com/insights/transparency-rule-released-just-prior-to-2020-election/

Considering Aligned Success for Families and Business

… has been a recent flurry of paid family leave legislation passed in various states, and with it comes a significant amount of work from human resources teams to offer what is required and stay compliant. What if companies led the charge instead? What if companies looked at their policies and benefits from the lens of a parent – what could be done differently that encourages the aligned success of the individual, the family, and the business? Not having children, it’s hard for me to truly understand the challenges of parenthood that are magnified as a working parent. However, countless friends …

https://www.epicbrokers.com/insights/considering-aligned-success-for-families-and-business/

Newest 2020 Trend: Premium Holiday

… dislocation of businesses and homeowners from their natural community, and the general economic uncertainty continue to drive lower healthcare claims spend. It’s anybody’s guess when things will fully return to normal. Viewpoints from Adam Okun This begs the question for employers – what, if anything, should be done with employee contributions? In many instances, rates are not projected to increase in 2021, and given the current climate, many employers are opting not to increase employee contributions in the new year. However, some employers are going a step further… and giving employees money back! The concept of rebates to members …

https://www.epicbrokers.com/insights/newest-2020-trend-premium-holiday/

Set Your Employees up for Medicare Success

… conversation with your employees long before they become Medicare-eligible. Generally, they’ll be able to enroll during their seven-month Initial Enrollment Period, which includes the three months before and the three months after the month of their 65th birthday. What Should Your Medicare-Eligible Employees Know? Although an employee may become eligible for Medicare, they can opt to remain on their current health plans. But if an employee chooses to stay on their current employer-provided insurance while Medicare-eligible – particularly an employee considering a Health Savings Account (HSA) option – they must know the rules. It’s important …

https://www.epicbrokers.com/insights/set-your-employees-up-for-medicare-success/

The Employer Healthcare Market Appears to Be Stable – but for How Long?

… The concern is over a resurgence or a second wave, but this does not appear to be materializing. Viewpoints from Craig Hasday And the cost of care to employees and employers also seems to be relatively stable as compared to 2019. The just-released Kaiser Family Foundation 2020 Employer Health Benefits Survey indicates a 4% increase in medical insurance costs from last year, with family coverage at $21,342 and employees paying 26% of this total. The average employee contribution for single coverage was 17% in 2020 and 27% for families. This compares to wages which increased by 3.4 …

https://www.epicbrokers.com/insights/the-employer-healthcare-market-appears-to-be-stable-but-for-how-long/

Remote Employee Resources

25 Strategies & Resources to Delight and Engage Remote Employees Resources Geared Toward Working Parents: Parental Support Group and Forum Back-Up Childcare Services: In home, virtual and onsite options are available Caregiver Background Checks Parenting Toolkits: Workshops, Classes, and Resources to help parents navigate this year | We love Positive Parenting’s Solution’s Ultimate Survival Guide to an Unpredictable School Year Dependent Care FSA Perks for Employees’ Children, such as monthly fun learning kits tailored to specific ages, donated laptops for online learning, and online camps and classes Resources That Appeal to All Employees: Technology and Office Furniture Stipend Employee …

https://www.epicbrokers.com/insights/remote-employee-resources/

EPIC Adds Robert Johnson

The addition of Robert Johnson further strengthens National Employer Consulting Practice EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that Robert Johnson has joined as principal. Johnson’s primary focus will be new client acquisition and helping teams build client relationships through non-medical growth strategies. Johnson brings over 30 years of sales and leadership experience to this role. Prior to joining EPIC, he served as Customer Unit Vice President for MetLife’s South Customer Unit in Dallas. In this role, he was responsible for sales, revenue, persistency, and overall …

https://www.epicbrokers.com/insights/epic-adds-robert-johnson/