Benefits
Why Group Health Plans are Crucial for Small Businesses
As a small business owner, you wear many hats, from managing day-to-day operations to making strategic decisions for growth. One of the most impactful decisions you can make is offering group health plans to your employees. While it might seem like a significant expense, the benefits of providing health coverage far outweigh the costs, both…
Read MoreLife Insurance Awareness Month
Life insurance may not be the most exciting topic, and it might feel like an unnecessary expense. However, if you have loved ones who rely on your financial support, life insurance is essential for their protection. In the event of your passing, your designated beneficiary would receive a financial benefit. To help you navigate the…
Read MoreERISA Penalties: Employer Fined for Failing to Provide Mental Health Benefits Information
The U.S. District Court for the District of Montana recently awarded over $32,000 in penalties against an employer’s self-insured health plan and its third-party administrator (TPA) for failing to provide requested information to a plan participant. This case involved a dispute over mental health benefits and underscores the importance of promptly responding to participants’ information…
Read MoreProtecting Your Loved Ones: The Importance of Life Insurance
Life insurance is a topic that often gets pushed to the back burner. It’s not the most exciting thing to think about, and some may view it as an unnecessary expense. However, when you have loved ones who rely on you for financial support, life insurance becomes a crucial tool for safeguarding their future in case of unforeseen circumstances. Let’s delve into the basics to help you better understand the significance of life insurance.
Read MoreKey Health Plan Notice Updates 2023, 2024, and Beyond Summary:
Federal agencies have updated key model notices for group health plans to ensure compliance with disclosure requirements. Employers should note these changes and consider incorporating them into their plans.
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