Benefits of Health Insurance | Virginia Benefit Agency
What are the benefits of having health insurance? What are the costs? Check out this video to learn more!
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Category: Health Insurance
DOL Updates the Employer CHIP Notice | Virginia Benefit Firm
The U.S. Department of Labor (DOL) has updated the model notice for employers to use to inform employees about the Children’s Health Insurance Program (CHIP). All employers with group health plans are required to distribute a CHIP notice at least once a year to employees living in certain states. There is no need to send … Continued
How to Save with Prescription Drug Discount Programs | Virginia Benefit Agency
Discount drug programs are a great resource for controlling your health care spending. Being a savvy customer can save you time and money!
Federal Employment Law Update – May 2018 | VA Benefit Consultants
EEO-1 Filing Deadline Extended In late April 2018, the federal Equal Employment Opportunity Commission (EEOC) announced the deadline for the EEO-1 Employer Information Report (EEO-1 Report) has been extended from March 31, 2018 to June 1, 2018. For the 2017 EEO-1 reporting cycle, the EEO-1 will collect data on the race, ethnicity, and sex of … Continued
5 Employee Handbook Mistakes to Avoid | Virginia Benefit Brokers
Gary Wheeler, partner at Constangy, Brooks, Smith & Prophete, LLP, a well-respected national employment law firm and legal partner to ThinkHR, explains five mistakes he sees frequently in his clients’ employee handbooks. It’s too long, inconsistent, or redundant. Like with your house, when you live with an employee handbook for a while, you collect things … Continued
IRS Changes Course (Again) and Restores 2018 HSA Family Limit to $6,900 | Virginia Benefit Advisors
Friday, April 27, the Internal Revenue Service (IRS) announced that the 2018 annual contribution limit to Health Savings Accounts (HSAs) for persons with family coverage under a qualifying High Deductible Health Plan (HDHP) is restored to $6,900. The single-coverage limit of $3,450 is not affected. This is the final word on what has been an … Continued
Prescription Drug Discount Programs | VA Employee Benefits
Did you know that you can save time and money on your prescription drugs by simply signing up for a discount card online? With savings as much as 80% off, these discount cards keep your health care costs down even when the prices of prescriptions are sharply rising. At no cost to the patient, discount … Continued
Here’s Where #FOMO Is Doing You a Disservice | Virginia Employee Benefits
Fear of missing out—is more than just a hashtag. Many Millennials admit that #FOMO drives a lot of their decisions on what they wear, what they do, even what they eat and drink. We live in a world of social influence. But one area where #FOMO really does you a disservice? No one is afraid … Continued
Price Shop Healthcare | Virginia Benefit Advisors
As the costs of health care soar, many consumers are looking for ways to control their medical spending. Also, with the rise of enrollment in high deductible health plans, consumers are paying for more health care out-of-pocket. From medical savings accounts to discount plans for prescriptions, patients are growing increasingly conscious of prices for their … Continued
Ask the Experts: Electronic Delivery of ERISA Notices | Virginia Benefit Advisors
Q. Can we provide summary plan descriptions (SPDs) electronically? A. Yes. However, just sending them is not enough to meet ERISA requirements; you must ensure the intended recipients are actually getting them. Specifically, ERISA requires SPDs to be furnished using “measures reasonably calculated to ensure actual receipt of the material” via “methods likely to result … Continued