28 07, 2020

Alternative Group Plan Funding Gets a Second Look

By | 2020-07-28T18:01:31-07:00 July 28th, 2020|Uncategorized|0 Comments

Watching their group health plan premiums climb higher with each passing year, some employers start looking into alternative funding strategies in hopes they can get a better handle on their employees' health costs. While group plans are the standard, larger employers have typically had more options for funding their group health coverage. But now even [...]

21 07, 2020

Protecting Your Firm from Employee Benefit Lawsuits

By | 2020-07-21T10:36:48-07:00 July 21st, 2020|Uncategorized|0 Comments

Employment practices and employee benefit-related lawsuits are on the rise - and employers have to be eternally vigilant when it comes to meeting their compliance obligations as plan sponsors. Take the case of Visteon, a global automotive industry supplier, which outsourced its payroll and enrollment/disenrollment functions to outside plan administrators. But because of internal mistakes [...]

14 07, 2020

Testing Workers for COVID-19 Raises Privacy, Discrimination Issues

By | 2020-07-14T14:14:39-07:00 July 14th, 2020|Uncategorized|0 Comments

Employers whose businesses continue to operate are obviously concerned about the coronavirus spreading through their worksites, so many have started testing their workers. Recent U.S. Equal Employment Opportunity Commission guidance authorized employers to conduct COVID-19 testing and check temperatures of employees. But doing so could expose a business to a number of employee legal actions [...]

7 07, 2020

How to Handle Group Health Coverage for Laid-off, Furloughed Staff

By | 2020-07-07T12:38:58-07:00 July 7th, 2020|Uncategorized|0 Comments

As the COVID-19 pandemic wears on, many employers have had to lay off or furlough staff due to a tremendous drop-off in business. Besides the loss of income they face, these workers will often also lose their employer-sponsored health insurance. With this in mind, many employers have been wondering if they can permit coverage to [...]

1 07, 2020

COVID-19 Changes to Health Plans Must Be Documented, Circulated

By | 2020-07-01T15:48:30-07:00 July 1st, 2020|Uncategorized|0 Comments

A number of plan sponsors have made changes to their group health plans in response to the COVID-19 pandemic, such as covering testing and sometimes treatment without any cost-sharing by the plan enrollee. But any changes that are made must be followed up by amending the plan and communicating the changes to the enrollees. Under [...]

23 06, 2020

Some Insurers Step Up Group Health Plan Assistance

By | 2020-06-23T15:59:54-07:00 June 23rd, 2020|Uncategorized|0 Comments

Some health insurers are helping business workers in group plans maintain employee benefits during the COVID-19 pandemic, a new survey has found. Social distancing and stay-at-home orders have put the hurt on hundreds of thousands of businesses across the country, which has forced them to reduce employees' hours, furlough them or lay them off. Besides [...]

17 06, 2020

Pandemic Could Depress Health Care Costs

By | 2020-06-17T19:00:32-07:00 June 17th, 2020|Uncategorized|0 Comments

A new study predicts that employer health care costs will be stable or could fall this year because medical care for people who are not infected with COVID-19 has actually declined precipitously during the pandemic, all of which would bode well for insurance rates. Because of the fear of contagion, health care practitioners have expressed [...]

10 06, 2020

How to Open Shop and Bring Staff Back to Work

By | 2020-06-10T19:40:49-07:00 June 10th, 2020|Uncategorized|0 Comments

If your business is preparing to open due to a relaxation of shelter-at-home orders, you should proceed with caution and make sure you have safeguards in place to protect your workers, as well as customers if they are entering your premises. How can you take that first step back to a semblance of normalcy? Here [...]

9 06, 2020

IRS Allows Mid-Year Changes to Health Plans, FSAs

By | 2020-06-09T13:41:57-07:00 June 9th, 2020|Uncategorized|0 Comments

The IRS has loosened restrictions on employees who want to make changes to their group health plans and flexible spending accounts (FSAs) in the middle of the policy year. IRS rules are typically stringent and rigid, barring changes from being made to health plans except during open enrollment. Under the new rules, the employer would [...]

27 05, 2020

What COVID-19 Services Your Health Plan May Cover

By | 2020-05-27T15:17:15-07:00 May 27th, 2020|Uncategorized|0 Comments

Under two new laws new laws that took effect in March, all health plans must cover testing, preventative services and vaccines for COVID-19 without cost-sharing. The Families First Coronavirus Response Act requires that group health insurance and individual health insurance plans cover coronavirus testing with zero cost-sharing. This includes deductibles, copayments and coinsurance for items [...]