What you need to know about the “family glitch”

Some of your employees may now be eligible for Marketplace subsidies The definition of “affordable” group coverage has been problematic since the arrival of the Affordable Care Act (ACA) in 2013. Known as the “family glitch,” it has barred millions of employees from receiving subsidized health insurance through the Marketplace. Just in time for January 2023 enrollment, the IRS has fixed the “family glitch.” This … Continue reading What you need to know about the “family glitch”

Virtual care is here to stay

Why telemedicine is a necessity in today’s workplace The pandemic changed so much about the way we work. In a small period of time, many employees took an emergency crash course on how to work remotely. With that came a host of other changes, including how people accessed health care. One major change was the surge in virtual care — also known as telehealth or … Continue reading Virtual care is here to stay

Why employers should offer an HSA

And why consumers benefit Steadily rising costs have everyone looking for smart ways to save money, particularly on health insurance. A great way to push back at inflation is to offer a Health Savings Account (HSA) to your employees. These savings accounts are a simple, effective and affordable way to find tax savings that benefits everyone: individuals, small businesses and large employers. An HSA is … Continue reading Why employers should offer an HSA

Considering a specialty carve-out?

In the search for savings, beware of the risks Specialty carve-outs expose employers to ethical and compliance issues, and more On the surface, it sounds like a good idea. “Carve out” the most costly part of your prescription drug coverage, specialty drugs, by working with a third-party vendor that can focus on savings. But it’s important to understand what is happening behind the scenes and … Continue reading Considering a specialty carve-out?

Health insurance vs. a pay raise: What’s the better choice?

Insuring your employees may be more affordable than you realize As a small business owner, you want to attract and retain good talent to help your business grow. You’re also juggling rising costs, a tight labor market, and the impact of a global pandemic. So, while you want to reward your employees for their hard work, you also want to make sure you are making … Continue reading Health insurance vs. a pay raise: What’s the better choice?

Considering a level-funded plan? Here are five strategies to consider

Level-funded plans offer an alternative approach for small employers Level-funded plans are gaining traction among businesses with 3 to 50 employees, and for good reason. If your business has generally healthy employees, these types of plans can lower premiums and provide a surplus refund when claims are lower than expected. BlueEdge level-funded plans offer flexibility and predictability, and can be viewed as a midway approach … Continue reading Considering a level-funded plan? Here are five strategies to consider

Get the complete picture: Bundle your medical and pharmacy benefits for better care, more savings

You don’t have to settle for a patchwork of benefits Prescription drug coverage is an important part of your employees’ health care. It’s also a major cost concern for you, as an employer. By bundling your employees’ pharmacy and medical benefits, there are major advantages. An integrated approach drives bigger savings for your company and provides better overall care for your employees. Improves health outcomes … Continue reading Get the complete picture: Bundle your medical and pharmacy benefits for better care, more savings

How many employees do I need to qualify for small group health insurance?

Sometimes, small group health insurance can be more affordable than individual plans that offer the same benefits and coverage. Generally, the Affordable Care Act (ACA) considers businesses with 1 to 50 employees eligible for small group health coverage.  However, if you are a sole proprietor, you will need to buy coverage as an individual. To be eligible for small group coverage, your small business or … Continue reading How many employees do I need to qualify for small group health insurance?