Historically, The Consolidated Omnibus Budget Reconciliation Act (COBRA) was the best choice. COBRA gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances, like job loss. If [...]
The ACA requires Applicable Large Employers to offer health insurance that meets certain requirements to full-time employees or pay a tax penalty. The ACA also requires Applicable Large Employers to file new tax returns with the IRS about the coverage offered. The reporting rules sound complex, but they really boil [...]
For individuals who aren't eligible for employer sponsored healthcare, the place to go is the exchange. In fact, over 8 million people purchased coverage through the exchange already. That number is expected to grow.
But what will it cost? In a few short months we will know.
If you’re an individual and [...]
Intel Inc. announced that it had decided to contract directly with a single provider system rather than working with a national commercial health insurer for 5,400 employees at its manufacturing plant in Rio Rancho, N.M. This single provider system will administer Intel’s benefits for eight health plan options and better [...]
When an employer effectively communicates to employees the value of their benefits plan, both the company and the employees benefit. Employees’ favorable perception of their benefits, prompted by thorough and consistent communication from the employer, can result in more responsible use [...]
As the date for full implementation of the Affordable Care Act draws nearer – Jan. 1, 2014 – you likely will have more inquiries from employees about exactly what the legislation means and how it will impact them. By answering such questions openly and quickly, you will build their confidence [...]
At Hill, Chesson & Woody, we have a number of routine communications that are researched, written and disseminated to our clients, each with it's own purpose. The goal is to provide key information in a way that is purposeful, convenient and informative. These pieces include:
Benefits Bulletin – Whenever one of [...]