The Affordability Test for 2022 Health Plans | Fairmount Benefits

The Affordable Care Act’s employer shared responsibility provision — often called the employer mandate or “play or pay” — requires large employers to offer health coverage to their full-time employees or face a potential penalty. (Employers with fewer than 50 full-time and full-time-equivalent employees are exempt.) Large employers can avoid the risk of any play … Continued

The ABC’s of Medicare | PA Benefits Partners

Trying to figure out Medicare can be one of the most frustrating aspects of retirement.  Even the savviest of retirees struggle with figuring out when to enroll and which parts to enroll in – there’s Part A, Part B, Part C, Part D, Medigap plans and so on. And, what in the world is a … Continued

Employer Medicare Part D Notices Are Due Before October 15, 2021 | Pennsylvania Employee Benefits

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15. Purpose Medicare began offering “Part D” plans — … Continued

Cyber Security: Think Before You Click | PA Benefits Consultants

If you are concerned about your cyber security – and you should be – it’s essential to know the biggest threats to you right now.  So, what is cyber security anyway?  And how can you protect yourself? Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious … Continued

The Great Resignation | PA Benefits Agents

The employment market has taken the American worker on a roller coaster ride over the last year and a half. Unemployment rates hit record highs in 2020 with the spread of the coronavirus (COVID-19) pandemic. Nearly a year later, the Job Openings and Labor Turnover Survey reports new jobs have increased to “a record 9.3 … Continued

Open Enrollment: Looking Backward to Plan Forward | PA Employee Benefits Group

When the autumn leaves fall and the weather turns cooler, we know it’s time to start thinking of open enrollment. Open enrollment season can be a confusing time. As you begin your research into which plan to choose or even how much to contribute to your Health Savings Account (HSA), consider evaluating how you used … Continued

Does Enrolling in Medicare Trigger an Offer of COBRA? | Pennsylvania Benefits Agents

Enrolling in Medicare does not cause COBRA to start. Under the federal rules, COBRA must be offered to persons enrolled in the employer’s health plan only if they lose coverage because of certain specific events. Termination of employment is an example of a COBRA qualifying event. Becoming eligible for Medicare, or enrolling in Medicare, is not a … Continued

Life Insurance: Putting a Price on Peace of Mind | PA Benefits Team

Life insurance provides financial protection for your loved ones when you die.  Essentially, in exchange for your premium payments, the insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death. While this money can never replace you, it can help your loved one(s) live the kind of life … Continued

The Great Resignation: Is It Real and What’s Next? | PA Benefits Firm

Following the pandemic, a remarkable number of workers have left their jobs. In April alone, nearly 4 million people handed in their resignations. It’s happening across industries and all levels of organizations around the world. The reasons why vary as much as people’s opinions about it. The worst of these opinions blaming Millennials and Gen Z for … Continued

How to Use Early Open Enrollment for Employee Retention | Pennsylvania Benefits Agency

Amid the economic panic last year, workers were unwilling to sacrifice job security for a new work environment.  Many workers felt it was foolish to re-enter the job market during a shut down.  However, in 2021, employers have experienced high turnover rates and experts are now predicting a “turnover tsunami” in voluntary departures and resignations.  … Continued

 

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