8 Ways to Save Money on Prescription Drugs

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Prescriptions make up the biggest cost when it comes to your healthcare. This is why we have these top 8 tips when it comes to your prescriptions. Consult the Formulary List. A formulary is the official list of drugs and how each are classified according to your health plan. The co-payments for similar drugs may […]

4 Reasons to Offer Long Term Care Insurance

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It shows a long term commitment to employees because it reaches from 20 to 30 years beyond employment. It sends a message to those employees that are offered this plan that they are significant to your company and that you care for them. Timing is everything. For a lot of the employees that are in […]

The Best Kinds of Insurance to Buy

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Some people say there is no “having too much insurance” where some only keep the bare minimum. There is no right or wrong way to go with insurance. Its different for every person, and every family. It is always best to have some type of insurance to pay for expenses. During different parts of your […]

Appealing Marketplace Decisions & IRS Letters

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Both the Health Insurance Marketplaces and the Internal Revenue Service (IRS) have begun sending letters to employers to enforce the Affordable Care Act’s employer shared responsibility provisions (also known as “pay or play”). Health Insurance Marketplace Letters Health Insurance Marketplaces must notify employers that one or more of their employees has been determined to be […]

How To Use Your Insurance

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November is the kick off for the holidays, Thanksgiving, Black Friday Christmas. It is a busy season for everybody. The end of the year also marks open enrollment for many companies as well as the individual market as well. Most everyone probably hasn’t thought about their health insurance since last year or since they last […]

Pre Tax Plans

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A cafeteria plan, also known as a section 125 plan, is a written plan that provides employees an opportunity to receive certain benefits on a pretax basis by allowing them to choose between receiving a taxable benefit (such as cash) or certain qualified benefits for which the law provides an exclusion from wages (such as […]

Understanding Medicare Enrollment

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There are 2 main ways to get your Medicare coverage— Original Medicare(Part A and Part B) or a Medicare Advantage Plan (Part C). Some people get additional coverage, like Medicare prescription drug coverage or Medicare Supplement Insurance (Medigap). Do you want Original Medicare or a Medicare Advantage Plan? When you’re first eligible for Medicare, you have a 7-month […]

Creditable Coverage Notice- Due October

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Employers offering group health coverage that includes any prescription drug benefits must complete two notice and disclosure requirements each year: Provide a written notice to all Medicare-eligible plan participants before each October 15 explaining whether the plan’s prescription drug coverage is “creditable coverage” (i.e., the coverage is expected to pay on average as much as […]

Balance is Key!

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Gestational diabetes is the term used for diabetes during pregnancy which affects over 200,000 women each year. Gestational diabetes doesn’t allow your body to manage blood sugar (glucose) properly during pregancy. If not caught early, it can result in complications including large birth weight or the baby having low blood sugar levels after birth. A […]

Changes to Medical Benefits: Medicare Part D 2018

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A quick rundown on changes to the Medicare Part D Standard Benefit show slight increases in the deductible, coverage limits and out-of-pocket threshold if you meed certain income and resource limits. Not sure how the Donut Hole or Coverage Gap works with your Medicare Part D coverage? To help you visualize how your drug spending […]

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