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Best practices to avoid receipt requests

Benefit Resource Inc.

Vision care expenses at a local optical center are often flagged for receipt requests. An Explanation of Benefits (EOB) from your insurance carrier or healthcare provider gets it resolved in no time. Pay for all the eligible medical items first with your pre-tax benefits card. Again, where you make your purchase is important.

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Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

stand-alone vision or dental, among others) that are generally exempt from Affordable Care Act requirements are also exempt from this reporting. Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. Excepted benefits (e.g.,

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Don’t enroll in COBRA until you understand these 5 questions

Benefit Resource Inc.

In this scenario, you may want to spend the extra time to research alternative coverage options through an exchange or directly through an insurance carrier. COBRA coverage is available for more than just medical insurance. Any employer-sponsored benefit is potentially eligible for COBRA coverage.

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4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

In the small group market: Rates are regulated Plans typically require 70% or more employee participation Plan options may be limited Carriers have contribution requirements. Either way, your small business has access to certain products, which usually don’t include many of the more robust insurance plans offered to larger companies.

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Why you should offer Blue Cross Blue Shield Massachusetts health care to your employees

Genesis HR Solutions

When seeking health insurance on your own , you’ll have to purchase health insurance through a broker, a health insurance carrier, or the open market (called different things in different states). We also offer the following: Group Health, Dental, and Vision. Flexible Spending Programs. Life/AD&D.

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Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. In this article, we’ll look at: The benefits most businesses offer.

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2nd COVID-19 Relief Bill Includes Many Other Changes 2021 & 2022!

Fringe Benefit Analysts

One of the best tools an employer can offer employees to help them reduce medical, dental, vision and daycare expense is a Flexible Spending Account (Section 125 Plan). During COVID many Americans were not able to spend their account down due to provider restrictions , cancellations in treatment, or lack of available care.