…Mike has been on hold for 20 minutes about a COBRA notice. Meanwhile, your inbox shows 47 unread emails about benefit changes – all marked “urgent.” Sound familiar? Every fall,…
…TPA’s workflow. When a comprehensive platform utilizes a singular record, there is no need to ensure each change is updated in multiple places. A change on the CDH side saves…
…of HSA participation. The Numbers Tell the Story – The HSA Market is Primed for Growth This legislative change represents a seismic shift that will dramatically expand access to HSAs…
…compliance requirements, COBRA is perhaps the most challenging benefit to manage. With our straightforward, all-in-one platform, you’ll be on top of status changes and current on key compliance dates, including…
…Status Changes In addition to determining current needs, workforce demographics should be explored. Are a significant number of workers nearing 65? They will become eligible for Medicare at that age,…
…quarter later? Have any participants had a mid-year status change necessitating an adjustment to their consumer-directed healthcare accounts? Have employers planned any layoffs that will need COBRA support? Periodically checking in with employers to identify…
…change depending on an updated coverage status, due to marriage, divorce, new child, etc. How to Correct HSA Excess Contributions As mentioned, the IRS provides two ways of correcting over-contributions….
…reduction in hours, change in employment status, death of the covered employee, divorce or separation from the covered employee, among other events. To be eligible for the ARRA subsidy, AEI’s…
…health insurance coverage at a later date. Plus, you can use the money regardless of your insurance enrollment status. At the end of each calendar year, all unused funds in…
…or insurance plan changes. However, you can only make contributions while enrolled in an HDHP, although you can spend or withdraw an existing balance whether or not you are enrolled…