A Message From ARC’s Director of Employee Benefits: What to Expect Around the 2024 January Renewal Cycle
While we’re doing all that we can to ensure this renewal season runs as smoothly as possible, we wanted to make you aware of the season we’re walking in now. Here are some things you need to know to ensure your enrollment goes smoothly this year.
What You Need to Know About the Cost of Medicare Supplements
Price is the only difference between plans with the same letter that are sold by different insurance companies. But how do carriers determine these prices?
Are Your Employees Losing Their Medicaid Coverage?
Employers who have employees enrolled in Medicaid or CHIP should encourage their employees to make sure their state Medicaid or CHIP agency has their up-to-date contact information.
EMPLOYER ACTION REQUIRED: Anthem Has Transitioned to a New Life and Disability System
Anthem recently transitioned their life and disability business to StanCorp Financial Group (The Standard), and, as a result, they are migrating L&D groups to a single enrollment and billing system called Compassi. If you received a notice from Anthem regarding this change, action may be required on your part.
Compliance Corner: 2024 Affordability Threshold Lowered to 8.39 Percent
Large employers have a federal mandate to provide coverage, submit government reporting, and to ensure that employee premium cost for coverage doesn’t exceed certain amounts or they will be subject to penalties. The cost of coverage limitations is called the Affordability Threshold. It is indexed annually by the IRS.