April 25, 2023
Healthcare vs. Health Insurance What is the difference? Healthcare refers to the range of services and treatments provided by medical professionals to diagnose, treat, and prevent illness and injury. Healthcare services may include physician consultations, hospital care, surgeries, medical tests, and therapies, among others. On the other hand, health insurance is a financial product that …
April 24, 2023
A Lifestyle Spending Account (LSA) offers employers an opportunity to help fund health and wellness costs that a traditional group health plan won’t cover. LSAs are often used as perks to attract and retain quality employees and could be a desirable piece of the employee benefits puzzle. What Is a Lifestyle Spending Account? A Lifestyle …
April 18, 2023
Staying compliant with the ever-growing list of requirements around employee benefits and general labor and employment topics can feel like a full-time job, because it is! The legislative and regulatory environment for benefits and human resources has never been more complicated. Companies can be overwhelmed with requirements around benefits, hiring, firing, managing, and the rest …
April 11, 2023
Small to mid-size businesses must be creative to survive in a competitive market. For many of these businesses, embracing a new kind of healthcare strategy is key to controlling costs and attracting top talent. These businesses are increasingly moving toward self-funding plans to reduce their healthcare costs and gain greater control over their healthcare benefits. …
April 10, 2023
When the COVID-19 public health emergency and national emergency were declared in 2020, no one anticipated they would still be in place in 2023. On January 30, 2023, the President announced the intent to end the emergencies on May 11, 2023. The impact of the emergencies on employer-sponsored benefits affected certain coverages, reimbursements, and timelines. …
April 10, 2023
The Centers for Medicare & Medicaid Services (CMS) issued a consumer-facing fact sheet to help people know what to expect at the end of the COVID-19 Public Health Emergency (PHE). The Department of Health and Human Services is planning for the federal PHE and the COVID-19 national emergency to expire at the end of the day on …
April 4, 2023
We work with employers who use a variety of funding methods for their employee benefit plans. Some groups may use fully-insured health insurance plans from carriers, and others may self-fund their employee health plans with stop-loss insurance and captive managers. We work with groups in and out of California, and it’s interesting to see state …
April 2, 2023
According to WebMD, the eyes are the most highly developed sensory organs in your body. Did you know that more of your brain is dedicated to the sense of sight than to all of the other senses combined? So, it makes sense that you would do all that you can to protect and care for these …
