Blog.bernieportal.com

PBMs in Healthcare & How They Affect Drug Spending

WEBA Pharmacy Benefit Manager, or PBM, manages and administers the drug benefits program within an employer health plan. Essentially, a PBM is a middle man …

Actived: 8 days ago

URL: https://blog.bernieportal.com/pbms-in-healthcare-how-they-affect-drug-spending

What Are the Different Healthcare Options for SMBs

WEBThe penalties for organizations that fail to comply with MEC regulations are as follows: $2,880 per employee if no coverage was offered, minus the first 30 full-time …

Category:  Health Go Health

2024 ACA Compliance Updates: What You Need to Know

WEBFor 2024, the “A” penalty fine is $2,970, or $247 monthly. The “B” penalty is $4,460, or $371 monthly. The IRS only needs to find out about one uninsured employee …

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Mid-Year Changes and How They Affect HSA …

WEB300 x 5 = $1,500. Therefore, the individual in our example would be able to contribute $1,500 for 2021. Additionally, individuals could be facing a different life …

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What Parents Should Know About Newborn Health …

WEBThis process does not need to take place prior to delivery of the baby in order for the child to be covered. Insurance plans cover newborns retroactively from …

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Do HSA Funds Roll Over or Expire

WEBFor HSA account holders, a little bit of understanding goes a long way. Key benefits for health savings accounts include: Triple-tax savings on deposited funds. …

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When Do Deductibles Reset

WEBA plan year deductible resets on the anniversary date of your plan’s original effective date, or its renewal date. For instance, if your organization's health plan renews …

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Can I Contribute to an HSA if My Spouse Has an FSA

WEBHow Do You Qualify for an HSA? In order to qualify for an HSA, you will need to be enrolled in what is known as a High Deductible Health Plan (HDHP).. An is a …

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Adding a Newborn to Your Insurance Coverage

WEBThe parent needs to contact their insurance company to inform them that they have a newborn on the way and would like to add them to the health insurance …

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Bernard Health Announces Expansion to New Headquarters

WEBJune 17, 2022 . Nashville, Tenn. — Bernard Health announces the purchase of new office space in Nashville, Tennessee’s midtown area. The Nashville-based benefits brokerage …

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ERISA Wrap Document: What It Is and Why You Need One

WEBAn ERISA wrap document supplements the insurance policy, coverage certificate, or plan booklet provided by carriers, filling the gaps to comply with federal …

Category:  Supplements Go Health

Multiple Employer Welfare Arrangement (MEWA) Pros and Cons

WEBThe Multiple Employer Welfare Arrangement (MEWA) is an arrangement in which groups of two or more small employers pool their resources to provide healthcare …

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Double Coverage: Can I Have Two Insurance Plans

WEBYes, individuals can have coverage under two different health insurance plans. When two health insurance plan providers work together to pay the claims of one …

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Wellness Check: What Can HR Really Do About Burnout

WEB10 min read time. In the wake of COVID and the Great Resignation, HR is burning out because their people are burning out. So, naturally, wellness has been on …

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Employee Benefits Notice Requirements for 2024 BerniePortal

WEBThose employers must inform employees of their COBRA rights by providing them with a general notice within the first 90 days of group health plan coverage. Often, …

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When Do Part-Time Employees Qualify for Benefits

WEBAmong many other provisions, ERISA established that any employee who works 1,000-plus hours within 12 months —including part-time workers—is eligible to …

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HSA and Cosmetic Surgery: FAQs BerniePortal

WEBA health savings account (HSA) is a personal bank account with significant tax advantages that can be used by an individual to pay for qualified medical expenses …

Category:  Medical Go Health

Template: Update 2022 HSA Contributions HR Email BerniePortal

WEBMax Individual Out-of-Pocket. $7,500. $8,050. Max Family Out-of-Pocket. $15,000. $16,100. Employees who want to update their contribution amount can contact …

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