When there is a qualifying event that results from termination of employment or a reduction in hours, COBRA
continuation coverage generally must be offered to qualified beneficiaries for a maximum duration of 18
months; however, this maximum duration of coverage can be extended by 11 months (for a total duration of
29 months) when there is a qualified disability extension.
Explore the vital role of health brokers in providing tailored, cost-effective health benefits for mid-size companies, enhancing employee well-being.
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Simplify health insurance with our guide: Understand coverage, key terms, and digital tools, and overcome common hassles for a stress-free experience.
Health Savings Accounts (HSAs) celebrated their 20th birthday last week. HSAs were signed into law on December 8, 2003 by then President George W. Bush. Here are some fun facts about HSAs!
As it relates to the Employer Mandate, an offer of coverage will be considered affordable in 2024 if the employee has to pay no more than 8.39% of their household income for the lowest cost, self-only coverage plan.
The Employer Mandate guidelines state that coverage is affordable when an employee has to pay no more than 9.5% of their household income (inflation-adjusted to 8.39% for the 2024 plan year). There are three alternative methods that an employer can rely upon when determining if the coverage they offer is affordable.
Health Flexible Spending Accounts (Health FSAs) are subject to maximum contribution limits under the
Affordable Care Act (ACA), but certain situations can make it tricky to determine how much can be contributed to a Health FSA. Those situations are explained below.
Discover the differences between level-funded and self-funded employee health insurance plans. Make informed choices for your workforce’s well-being.
Get the full scoop on level funded health plans for 2024. Learn what they are, who is eligible, and the advantages of switching to a level funded plan.