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Stay up-to-date with our most recent news and updates.
HRAs and FSAs are even easier at BMC!
Green is not just BMC’s logo color! We’re saving trees now, too! BMC has gone green with paperless HRA and FSA payments. Employees can elect Direct Deposit for HRA, Health Care Spending and Dependent Care accounts. Payments will go directly into the selected...
New Year insurance company logjams!
Insurance company log jams! None of the local carriers seemed to be prepared for the avalanche of new enrollments as of the January 1st implementation of Health Care Reform. And one of the major carriers, Independence Blue Cross/Keystone Health Plan East is moving...
Finally, Success with Healthcare.gov
SUCCESS with the Marketplace! I learned firsthand that many of the horror stories are true, but I have now been able to get subsidies for clients and enroll them for January 1st! I’ve been doing this for a lot of years and can’t imagine how people with no insurance...
Health Care Reform Summary by Our Experts
PPACA Transition Update Here is a briefing from our business partner, Emerson Reid. The federal government is encouraging states to adopt a transitional policy which would allow a health insurance carrier, at its option, to continue group coverage that would otherwise...
November 2013 Update: Healthcare Reform
The federal government is encouraging states to adopt a transitional policy which would allow a health insurance carrier, at its option, to continue group coverage that would otherwise be terminated or cancelled. This would allow affected small businesses to re-enroll for that coverage for 2014. However, not all states and insurance companies will permit coverage to continue. So far, there has been no determination in Pennsylvania from the state.
November 2013 Update: PPACA transition, ERISA & Size Reporting, FSA Rollover Rule
Health Care Reform (PPACA) Transition Update POTUS Offer Trans Relief Read the briefing from our business partner, Emerson Reid at the bottom of this post. The federal government is encouraging states to adopt a transitional policy which would allow a health insurance...
Flexible Spending Accounts Are Now More Flexible
There has been a major modification to the “use it or lose it” rule, which required any leftover balance in an FSA to be forfeited at the end of the plan year. Effective in plan year 2014, employers that offer FSAs will HAVE THE OPTION of allowing participants to roll...
BMC Can Sell On The Exchange On Behalf Of Our Clients!
The Federally-Mandated Marketplace for individual coverage and Small Business Health Option Program (SHOP) for group coverage officially opened on October 1st for January enrollments. The earliest effective date of any coverage under the Marketplace is January 1, 2014...
Creditable Rx Coverage Notice to Medicare-Eligible
As a reminder, it is that time of year for you to distribute information to anyone on your group who is eligible for Medicare that your prescription plan is “creditable.” Attached is the model notice. The only information that you must fill in: the space for (entity)...
Exchange/Marketplace Notice Requirement No Later Than 10/1/2013
The Patient Protection and Affordable Care Act (PPACA) requires all employers to provide notices to current employees (and new hires) about the coming exchanges (now being called Marketplaces). As of May 2013, the Department of Labor has provided guidance indicating...
Ready to Make a Change?
Where other brokers sell you a policy and then leave all the administrative duties to you, we step right in and perform them for you. One of our representatives would be happy to meet with you to review and discuss your insurance and administrative goals!