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Benefit Solutions That People Understand

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Thoughts From John Cleveland

Qualified Small Employer Health Reimbursement Arrangements, Part 2

In December 2016, President Obama signed the 21st Century Cures Act into law. The Cures Act allows small employers to offer Health Reimbursement Arrangements (HRAs) to their workforce to help cover the cost of medical expenses and health insurance premiums for themselves and their families. Previously, the Affordable Care Act (ACA) prohibited businesses from offering [...]

Qualified Small Employer Health Reimbursement Arrangements, Part 1

The name is cumbersome, but Qualified Small Employer Health Reimbursement Arrangements (“QSEHRA”) represent a real policy change that could benefit small employers. There has been a recent development and the government has issued an extension of period for furnishing written QSEHRA notice to eligible employees. You can read all about that on our Wisdom Bank [...]

What is Critical Care Insurance?

Critical Illness insurance, also referred to as Critical Care insurance or Critical Illness coverage, provides a lump-sum cash benefit to help cover expenses associated with a qualifying serious illness. Critical Illness can strike at any time. We’ve all heard stories of friends or family members who have been affected by a serious illness. What we [...]

Answers to Frequently Asked Questions
and Common Problems

UBA Update

EXTENSION OF PERIOD FOR FURNISHING WRITTEN QSEHRA NOTICE TO ELIGIBLE EMPLOYEES Under the 21st Century Cures Act, small employers who want to reimburse individual health coverage premiums through HRAs called "Qualified Small Employer Health Reimbursement Arrangements" (QSE HRAs) must provide annual written notice to all eligible employees no later than 90 days before the beginning [...]

2016 Election: Potential Impact on Health Benefits

Following the November 2016 election, Donald Trump (R) will be sworn in as the next President of the United States on January 20, 2017. The Republicans will also have the majority in the Senate (51 Republican, 47 Democrat) and in the House of Representatives (238 Republicans, 191 Democrat). As a result, the political atmosphere is [...]

Direct Care OPTIONS

You and I know that health care coverage is one of the top determining factors for employees who are considering a position with a new company. Two weeks ago I talked about a revolutionary new healthcare plan: Direct Primary Care (DCP). This week I want to talk more about the benefits of this new option [...]

The “Consumer-Driven Health Plans” Dilemma

The health care consumerism movement has caught fire. It can empower employees to be more accountable, but employers experience varying results. Download the full PDF article by UBA Wisdom Stream

Financial Wellness

The United States is one of the richest countries in the world, yet many Americans live paycheck to paycheck. Retirement account balances are low, emergency savings often are nonexistent and financial stress severely hinders employee engagement, lowers productivity and increases absenteeism. Employers are often a trusted source of financial information. Because of that trust and their access [...]

3 Signs That You Should Invest in Benefits Communications

We are often asked: “When is the right time to start investing more time, energy, and money in employee benefits communication?” Typically, we see these three junctures when companies need to re-evaluate their benefits communication—and add more resources to support it. Growth: Get ahead of—or catch up with—an expanding employee population. Most often, when organizations [...]

The Business Case for Well Being

Rather than let benefits managers continue with guesswork, it’s time to lay the groundwork for building well-being programs that drive meaningful change for employees and truer, more sustainable ROI for employers. Doing so involves four key steps: 1.Nullify the case for doing nothing. 2. Uncover and unlock well-being's real ROI. 3. Turn the page on [...]

4 Tips For Enrollment Season

School’s in session: 4 Tips to get straight A’s during enrollment season Annual enrollment is the busiest time of year for benefits professionals. We understand. So, instead of a whole white paper, we’re offering up this quick tip sheet designed to send pros and employees to the head of the class. Send employees to study [...]

Glossary of Health Insurance Terms

Purchasing Health Insurance can be stressful enough without trying to decipher the language that goes along with it. In this glossary, we have taken the liberty to define some of the most common terms that you will come across during your search for coverage. The easiest way to save money and still get the best [...]

8 Need To Know Health Insurance Terms

Why it matters: The premium is an indicator of the value of your plan and depends on many factors: The cost of health care in your area Which services are covered How much you pay during the year (your out-of- pocket costs) Remember: You need to consider all the factors when you choose a health [...]