Once your customized insurance program has been designed, your agent will lead a team of insurance professionals specifically chosen to service your questions, claims, and other insurance related needs. While we encourage personal contact, for your convenience the following are provided:
Payment Online Options
Flexible Spending Accounts
Our affiliated company, First Benefit Administrators is available to administer Flexible Spending Accounts. A FSA plan is an IRS Section 125 cafeteria plan that allows employees the option of pre-tax payroll deduction for un-reimbursed medical expenses and child/dependent care expenses. Employers use this to retain “quality employees” and help hire new employees.
Health Reimbursement Accounts
Our affiliated company, First Benefit Administrators can design an HRA that works for you addressing critical issues such as roll over liabilities and controls or how the HRA works with high deductible plans. An HRA is a federally approved benefit that allows employers to set aside money for employees. Employees use the funds to cover out-of-pocket medical expenses. HRA’s benefit both employees and employers.
Additional Services & Information
Health Insurance Costs
Are you struggling with ACA Compliance? If you have more than 25 participants in the Group Health Plan, we would strongly recommend an alternative quotation on a partially self-funded program through our affiliated company – First Benefit Administrators. Contact them for more details on this innovative approach to controlling your insurance expense.
Problems With Human Resources Administration?
Would you like to spend more time growing your business and not mired in Human Resources Administration? Then explore an Administrative Services Only contract with our affiliated company – Modern Business Associates.
Our affliiated company, First Benefit Administrators has the staff, knowledge and technology to track and administer your COBRA plans. In effect you have retained a full-time staff of COBRA personnel to work for your company. You can rely on them to provide your company with worry-free COBRA compliance. Their advanced technology makes client administration quick and easy. And their long history of long term client relationships can put your mind at ease.
Health Savings Account
Health Savings Accounts (HSAs) are a way for consumers to pay for medical expenses. As of January 1, 2004, almost anyone with a qualified high-deductible health plan can also have a Health Savings Account. HSAs can save you money on your medical care now as well as provide a good way to save for future medical expenses. HSA funds can pay for expenses before you meet your deductible as well as helps pay for services not covered by your health plan, COBRA coverage during periods of unemployment, medical expenses after retirement and long-term care expenses, to name just a few.
Unlike some other types of accounts, you don’t lose HSA funds at the end of the year. Unspent balances remain in your account earning interest until you spend them on medical care. This will be a strong incentive for you to spend wisely on your medical care, just like you do on other items you purchase. You’ll want to shop around for the best value for your health care dollars.
Medicare Part D: Employer Compliance Requirement
The Centers for Medicare & Medicaid Services (CMS) posted new disclosure forms and CMS guidance for reporting of creditable coverage.
CMS requires that the disclosure notice must be submitted on an annual basis and upon any change that affect whether the drug coverage is creditable.
Important Times to know:
- For plan years ending in 2007 & after – Disclosure must be provided within 60 days after the beginning date of the plan year for which the employer is providing the disclosure to CMS.
Disclosure must also be made within 40 days after the termination of prescription drug plan; and 30 days after any change in creditable coverage status of the prescription drug plan.