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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.
Why Reviewing Your Monthly Invoice is Important for Your Business and Your Employees
If you have made changes to your policy (adds, terminations, other changes), it’s important to review your invoice to ensure those changes are reflected.
Compliance Corner: New Gag Clause Attestations Due December 31, 2023
Attestations are to be submitted via the CMS-HIO System. The first filing in 2023 covers the period of December 27, 2020, through December 31, 2023.
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.
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.
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.
Is a Narrow Network Plan Right for Your Organization?
One strategy many employers are embracing to help manage rising health care costs is adopting narrow network plans to better meet employee needs and reduce overall health care costs.
Strategies for Identifying and Resolving Gaps in Benefits Offerings
To attract and retain top talent, employers must go beyond competitive salaries and create holistic and meaningful employee benefits packages that address diverse workforce needs.
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.