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Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

Many group health insurance plan sponsors and administrators have the mistaken belief that the law allows employees enrolling in Section 125 cafeteria plans to change their elections, as long as they do so within 30 days of the plan becoming effective. This is not correct. And this misconception can have serious consequences.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. The CAA created a number of new requirements that affect health insurance and coverage. That’s a change from the prior threshold of 250.

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Employee Benefits Providers: What Employers Need to Know

Empuls

As the competition for skilled employees intensifies, businesses are increasingly recognizing that a robust benefits package can be the decisive factor in an employee's decision to join or stay with a company. Conduct surveys or focus groups to gather feedback on what your workforce values most.

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Broker Compensation Disclosure Rule: New Legislation for Brokers

Total Employee Benefits

Beginning December 27, 2021, as part of the Consolidated Appropriations Act, covered service providers – insurance providers, benefits brokers, agents, and consultants – are required to disclose any compensation they expect to receive over $1,000. What does that mean for you as an employer?