Webinar: How Employers Can Use Medical Loss Ratio Rebates and Other Health Insurer Refunds

Posted by Matt Schwartz on Fri, Sep 18, 2020 @ 11:09 AM

Tuesday, October 13, 2020
2:00 p.m. ET / 11:00 a.m. PT

Join us this month for an overview of the Medical Loss Ratio (MLR) and when employers will be entitled to an MLR rebate. We will discuss employer obligations regarding MLR rebate funds or other insurance refunds and the options that are available to employers when keeping a portion of the rebate and distributing a portion of the rebate to plan participants.

This webinar will:

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Topics: Compliance Issues, Employee Benefits, Learning Events

What You Need to Know about Health Flexible Spending Accounts - Updated

Posted by Matt Schwartz on Wed, Sep 16, 2020 @ 10:09 AM

A health flexible spending account (health FSA) is a pre-tax account used to pay for out-of-pocket medical care costs for a participant as well as a participant’s spouse and eligible dependents.

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Topics: Compliance Issues, Employee Benefits

Compliance Recap - August 2020

Posted by Matt Schwartz on Thu, Sep 10, 2020 @ 11:09 AM

August was a relatively busy month in the employee benefits world.

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Topics: Compliance Issues, Employee Benefits

Meet Core Value Award Winner: Jenna Corwin - September 2020

Posted by Matt Schwartz on Tue, Sep 8, 2020 @ 09:09 AM

Every month, Schwartz Insurance Group selects a peer-nominated associate to receive a Core Value Award. The winner is chosen because they "lived" one of our agency's core values - typically an event or accomplishment above and beyond the call of duty in serving our customers. This month, Jenna Corwin has "lived" our core value of "Building on a Legacy." 

Here's her story:

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Topics: Employee Benefits, Core Value Winner

The Differences Between Long-Term Care and Long-Term Disability Insurance

Posted by Matt Schwartz on Tue, Sep 1, 2020 @ 10:09 AM

Younger employees have a tendency to believe they will always be healthy. They don’t worry about the future and the possibility that they could become disabled. As the years go by, it becomes more and more likely that a person will have an injury or illness that will mean at-home custodial care will be necessary, or they will need care at a nursing home or an assisted-living facility.

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Topics: Employee Benefits

Federal Requirements for Fully Insured and Self-Funded Plans

Posted by Matt Schwartz on Fri, Aug 28, 2020 @ 11:08 AM

Updated August 2020

A plan sponsor’s requirements under federal law will vary depending on factors such as group health plan design, size, grandfathered status, and whether the plan is fully insured or self-funded.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Webinar: Considerations for Employers Moving to an ICHRA Group Health Plan Offering

Posted by Matt Schwartz on Mon, Aug 24, 2020 @ 09:08 AM

Tuesday, September 8, 2020
2:00 p.m. ET / 11:00 a.m. PT

This month's webinar will provide an overview of the final rules on health reimbursement arrangements regarding individual coverage health reimbursement arrangements and the proposed rules regarding nondiscrimination and affordability.

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Topics: Compliance Issues, Employee Benefits, Learning Events

7 Ways to Keep Shift Workers Healthy

Posted by Matt Schwartz on Thu, Aug 20, 2020 @ 11:08 AM

Companies that don’t have normal business hours generally find many positives with regards to allowing shift work. Healthcare facilities, call centers, and manufacturing warehouses are some of the most common industries that use this type of scheduling.

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Topics: Worksite Wellness, Employee Benefits, Employee Engagement, Business Strategy

Compliance Recap - July 2020

Posted by Matt Schwartz on Thu, Aug 6, 2020 @ 08:08 AM

July was a busy month in the employee benefits world. The U.S. Supreme Court (Supreme Court) upheld the religious exemption and moral exemption final rules to the Patient Protection and Affordable Care Act (ACA) contraceptive mandate.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Anthem: MLR Rebates Will Go Out Early This Year

Posted by Matt Schwartz on Wed, Aug 5, 2020 @ 08:08 AM

Anthem states they are continuing to look for ways to ease the financial burden COVID-19 is creating for many of their employers and members. With that goal in mind, this year they are fast-tracking the annual medical loss ratio (MLR) rebates that groups and individual members typically receive in late September. 

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits