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With COVID-19 turning the world and the healthcare industry on its head, we regualry write about the ways you can navigate the system to keep your business afloat.

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Updates and questions in the world of Employee Benefits

employee benefits improve retention

How Employee Benefits Improve Retention

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The Affordable Care Act, enacted in 2010, ensured that everyone was able to receive health insurance regardless of if they have pre-existing health conditions or for any other discriminatory reasons. This Act gave employees the ability to leave their employers if the only reason they were staying was insurance reasons. Employees who were stuck in their jobs to receive benefits now had the opportunity to look for opportunities elsewhere.
group and voluntary benefits

The Difference Between Group and Voluntary Benefits

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There are many options to consider when choosing what coverage you would like to include in your group benefits plan. When considering the purchase of voluntary benefits versus buying group benefits options, you need to understand the advantages and disadvantages of both. Here are a few significant differences that will allow you to make a more informed decision.
Penalty A and B compliance

The Importance of Penalty A and Penalty B Compliance

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Employee benefit programs have been mandatory for all applicable large employers (ALE) since the Affordable Care Act, enacted in 2010. This Act requires employers to offer minimum essential coverage to all employees who work in a company with a staff of 50 or more. Failure to comply with this requirement will cause penalties for these companies and will likely lead to an IRS Audit down the road. Here is more information regarding the importance of Penalty A and Penalty B compliance.
what exactly is telemedicine?

What Exactly is Telemedicine?

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Healthcare providers have been offering remote services for years, which have allowed patients to receive healthcare from the comfort of their own homes. Before the recent advancements in technology, these remote services were done over landline phones. Now patients can see their doctors at their office using various online platforms, including Zoom and Skype. So what exactly does telemedicine entail?
What employers need to know about FFRCA and benefits

What Employers Need to Know About FFRCA and Benefits

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The Coronavirus pandemic has had a massive impact on the financial health of thousands of companies in the United States. These employers have seen the enormous reduction in business and the effect it has on their employee benefit programs, and adjust them to meet the needs of both their employees and their business. These adjustments still carry certain obligations the employer must meet under federal legislation. So what do employers need to know about FFRCA and benefits?
minimum essential coverage

What Does Minimum Essential Coverage Entail?

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Minimum Essential Coverage was created when the Affordable Care Act was enacted. Before the Affordable Care Act began, people who already had medical conditions or had used too much medical care in the past were able to be denied coverage by insurers. Minimum Essential Coverage ensures that all ACA-compliant health care plans offer insurance to all enrollees regardless of health status or which plan they select. What exactly does minimum essential coverage entail?