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.
October is Breast Cancer Awareness Month: The Significant Financial Burden of a Breast Cancer Diagnosis
Further testing or treatment for breast cancer beyond preventive care may have substantial financial consequences, so much so that the out-of-pocket costs for some cancer treatments may prevent individuals from seeking or continuing treatment.
Here is What You Need to Know About 2024 Open Enrollment and Annual Enrollment
With Open Enrollment on the horizon, now is a good time to review your current health insurance plan and make any changes needed. Here are some reminders and tips to help make your enrollment season smooth and constructive.
Why Dental Benefits Are Crucial for Your Overall Well-Being
Selecting and utilizing dental benefits is crucial because the condition of your teeth and gums significantly impacts your overall health.
Affordable Care Act Enhanced Premium Subsidies Continue Through 2025
In March of 2021, the American Rescue Plan (ARP) was implemented as an economic stimulus in response to the COVID pandemic. Here is how it has affected and still affects premium subsidies.
Patient Protections from Surprise Medical Bills in the “No Surprises Act”
There’s nothing worse than receiving an unexpected medical bill. It’s the worst kind of surprise. The “No Surprises Act” was enacted in December of 2020 to increase health care transparency and protect consumers from surprise medical bills.
The Importance of Engagement and Advocacy in Customer Service
At ARC Benefit Solutions, we believe that prime customer service is dependent on our engagement with our clients and our role as advocates.
The Rise of Cost Transparency in the American Health Care System
While it is common practice to “shop” for the best deal on cars or houses, the health insurance industry, “which accounts for nearly 20 percent of the economy,” has provided little to no access to precise information on just how much a particular service or procedure may cost prior to scheduling an appointment.
Compliance Corner: IRS Issues New Guidance Regarding ACA Premium Tax
The IRS provided new guidance on October 11, 2022, to fix the “Family Glitch” effective January 1, 2023. The new regulations state that a family’s entire income would be taken into consideration for the calculation of affordability for individual health insurance subsidies.
Inflation’s Impact on 2023 Open Enrollment
Many employees are currently feeling financially strained because of inflation. With open enrollment fast approaching, inflation could impact the choices employees make when it comes to their benefits.
What You Need to Know About the Inflation Reduction Act
The newly passed Inflation Reduction Act (IFA) will help consumers offset premiums who have individual coverage through the Affordable Care Act (Obamacare) for at least the next three years.