…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…
…re-enrollment Participant demographics and status changes Contribution reconciliation Online/mobile claims adjudication Debit card claims adjudication Claims entry for faxed and emailed claims Printing and mailing fulfillment services Preparing raw data…
…Health Savings Accounts (HSAs) Health Savings Accounts require owners to be enrolled at the same time in an HSA-eligible high-deductible health plan (HDHP). As long as that status is in place,…
…Health Insurance Exchange, eligible for COBRA and premium assistance? Yes. A person who had a reduction in hours or was involuntarily terminated and is now enrolled in an individual health…
What are COBRA administrators to do in the face of all this change? At the very least, they have to stay flexible. And that flexibility has to start with their…
…This helps the company achieve its strategic goals through effective dealing with market changes. The Importance of BPM in Modern Business Enhanced Efficiency BPM aims to eliminate non-productive operations. By…