Vesting Schedules

When an employer sets up a defined contribution plan, such as a 401(k), 403(b), or another plan, you are able to contribute to the plan. Many times the employer may also choose to contribute an amount toward your account as well. Not all times will the employer...

Health Insurance Nondiscrimination Rules

Overview Group health plans and tax-favored accounts—including health savings accounts (HSAs), health flexible spending arrangements (health FSAs), and health reimbursement arrangements (HRAs)—are subject to numerous nondiscrimination provisions under federal law. The...

Employee Assistance Programs (EAPs)

Employee assistance programs (EAPs) are employer-sponsored programs that provide support services to employees experiencing health, family, financial, alcohol, drug, or stress issues. The structure and operation of each EAP will vary with the needs of each company,...

Group Life Insurance

Although not required to by law, many employers offer group-term life insurance coverage to their employees. Benefits under a group-term life insurance policy are paid only if the insured dies during the policy’s term. Advantages of Group-Term Life Insurance...

401k Plans

Perhaps the most popular retirement plan being elected today, a 401(k) retirement plan is a type of plan to which the employee can contribute from his or her paycheck before or after taxes are taken out. The contributions go into a 401(k) account, with the employee...

3 Ways to Dispose of Your Old, Unused Medications Safely

Many of the drugs that are prescribed to individuals sit in medicine cabinets months and years beyond their reasonable expiration date. These drugs may be harmful for you to take or for kids and grandchildren to sneak into or accidentally swallow. It’s important...
State Continuation & COBRA Coverage

State Continuation & COBRA Coverage

There are two common forms of extended insurance coverage for employees who are voluntarily leaving employment. Consolidated Omnibus Budget Reconciliation Act, also known as COBRA, is the more common term, which only affects employers who have more than 20 employees....
Texas Association Health Plans

Texas Association Health Plans

United Healthcare has announced a state-wide initiative to take advantage of the recently passed legislation allowing for expansion of health insurance to be offered for members of Associations. This means that by joining a local Chamber of Commerce, you could take...

ePOP Overview

What Are Premium Only Plans or “EPOP”? A Premium Only Plan (POP), also known as a “Premium Conversion Plan” or a “Cafeteria Plan”, allows employee contributions to employer-sponsored benefit plans to be made with pre-tax dollars,...
Medicare Announces Slight Rise in 2019 Premiums

Medicare Announces Slight Rise in 2019 Premiums

Medicare premiums and deductibles for Parts A and B will increase slightly in 2019, the Centers for Medicare and Medicaid Services announced Friday. Standard monthly premiums will cost $1.50 more: $135.50, up from $134 in 2018. Because premiums are based on income,...