Managing Life Event Changes in Health Insurance
Benefits Breakdown: Managing Life Event Changes in Your Benefits Plan Life happens. People get married, have children, lose other coverage, or move. In the world of employee benefits, these are called “qualifying life events.” These moments allow employees to make changes to their benefits outside of the normal open enrollment period. What Is a Qualifying […]
What if my Medicare Prescriptions Change During the Year?
What if my Medicare prescriptions change in the middle of a calendar year? No worries! When we review your annual Part D Prescription Drug plan for the first time, your current prescriptions are fully reviewed. This information, however does not lock you into specific prescriptions or pharmacies. This exercise is aimed at helping you choose […]
How Do Employers Stay Compliant With COBRA?
Understanding COBRA Compliance COBRA is one of those words that can make employers and HR managers nervous—but it doesn’t have to be complicated. This week, let’s break down what COBRA is, who it applies to, and how to stay compliant. What Is COBRA? COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. It’s a federal […]
Understanding Medicare Provider Coverage and Networks
Do I need to pay attention to provider networks when on Medicare? Medicare Advantage Plans Medicare Advantage Plans are through private insurance companies. For those plans, you usually have to stay in a “network” for the best coverage. When you sign up for an Advantage plan, we research your current doctors, specialists, and preferred hospitals. […]
Oscar Mayer Wienermobile Rolls Over in Chicago Highway Crash
Oscar Mayer Wienermobile Rolls Over in Chicago Highway Crash Insurance Journal / July 25, 2024 OAK BROOK, Ill. (AP) — An Oscar Mayer Wienermobile got into a pickle on a Chicago highway. The hot-dog shaped Wienermobile hit a car Monday morning along Interstate 294 and its driver lost control and overcorrected, causing it to […]
Simplify Benefits with Employee Navigator Through Frost!
Benefits Breakdown: Simplify Benefits with Employee Navigator Administering employee benefits can be time-consuming and stressful—especially during open enrollment. Fortunately, tools like Employee Navigator make managing your benefits plan easier for you and your team. What Is Employee Navigator? Employee Navigator is an online benefits administration platform. This platform helps employers manage their health insurance, voluntary […]
Does The Cost Of My Medicare Coverage Go Up Every Year?
Will my Medicare premiums increase every year? The government determines the cost of Medicare, and they adjust these annually based on two main factors. These are Medical Inflation and the Medicare beneficiaries age. They also consider an annual cost-of-living adjustment. While the benefits provided by your chosen plan remain relatively stable each year, the expenses […]
Health Savings Account or Flexible Spending Account?
Is a Health Savings Account or Flexible Spending Account Right for My Employees? When it comes to tax-advantaged healthcare accounts, two options often come up: Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Both offer ways to save on medical expenses, but they work differently—and choosing the right one depends on your health plan […]
Marijuana Use and Life Insurance Eligibility & Rates
Marijuana Use and Life Insurance First and foremost, this is not an argument in favor or against recreational marijuana use. This is also not an endorsement of it’s use. The following is to simply bring to light the underwriting attitudes regarding marijuana by most life insurance companies today. Over the last several years, public attitudes […]
What If I Initially Went Without Medicare Part D?
What if I did not get the Part D Prescription Drug Plan during my initial enrollment? Part D of Medicare is your prescription drug coverage. The Centers for Medicare and Medicaid Services (CMS) says anyone who is 65 years or older should start their Part D during their initial enrollment period. Many of our clients […]