Articles

Understanding Different Types of Life Insurance

By |2018-11-12T15:53:28+00:00November 12th, 2018|News|

Life insurance is one of the most common employer-provided benefits. This article covers the basics of life insurance and the different types employers can offer to employees. Types of Life Insurance Life insurance is divided into two categories: term and permanent (also sometimes referred to as whole). Term life insurance Term life insurance has

What Happens If I miss Open Enrollment?

By |2018-11-12T15:50:36+00:00November 12th, 2018|News|

An open enrollment period is a short period of time when you can enroll in or make changes to your employee benefits elections. Possible changes include adding or dropping coverage, adding or removing dependents, or enrolling in benefits for the first time. Open enrollment is your opportunity to take advantage of important benefits, such

Employer Notices

By |2018-10-15T15:02:00+00:00October 15th, 2018|News|

One good check-in question for employers to ask themselves during Q4 is this: Have I provided all the necessary documents and notices related to health and welfare plans to our employees and plan participants? Employers are required to distribute some notices annually, while other notices must be provided to participants when the participants become

Medicare Part D Notices Due by October 15

By |2018-09-10T15:16:48+00:00September 10th, 2018|News|

Notices Due to Medicare-Eligible Individuals Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals are reminded that they must provide a Medicare Part D Creditable or Non-Creditable Coverage Notice to those individuals by October 15. This notice serves to inform Medicare-eligible individuals whether the prescription drug coverage offered is "creditable," meaning it

Continuation of Benefits (COBRA) in North Dakota (ND) VS. Federal Law

By |2018-09-10T14:51:26+00:00September 10th, 2018|Benefits|

North Dakota Continuation of Coverage North Dakota's continuation law generally allows employees of companies with fewer than 20 employees and their eligible spouses and dependents, who would otherwise lose group health insurance coverage due to certain qualifying events, to continue coverage under the current employer's group policy. To be eligible for continuation,

Enrollment Tip: Adding an HSA

By |2018-08-27T13:30:25+00:00August 16th, 2018|Benefits|

Employers can incorporate the Health Savings Account (HSA) as an added tax-saving benefit for their employees to offset rising health plan premiums, while also helping their employees become better health care consumers. But how can employers ensure their other health benefits "play nice" with the HSA this enrollment season? Here are a few compliance

Health Care FSA Expense Facts

By |2018-08-27T13:30:34+00:00August 16th, 2018|Benefits|

When does a Health Care Flexible Spending Account participant incur a medical expense? And why does the date matter? Medical Expense Incurred For the purposes Health Care Flexible Spending Accounts (Health FSA), the day that an employee receives medical care is when the medical expense is incurred. It is not necessarily the same day