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Lately, we’ve seen an uptick in questions around the roles of responsibilities of your company’s broker, your TPA (that’s us), and your health insurance provider. And where does your health insurancecarrier play into this? What is a health insurancecarrier? Let’s break it down.
How are healthcarebenefits funded? What carriers or third-party administrator (TPA) does the PEO use? If health benefits are provided under a fully-insured, PEO-sponsored plan, you will want to make sure the PEO’s insurancecarriers are reputable and provide coverage in the areas where you have employees.
A new father outlines requirements with his Baby Health Insurance Playbook. The same can be said for insuring a new dependent. To plan for newborn healthcarebenefits, parents need a baby health insurance playbook. After the childbirth—help them understand how to add a newborn to the benefits plan.
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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