Birthday Freebies for Seniors

Waking up on your birthday each year may bring different feelings for each of us. Whether you’re dreading turning XX or XXX this year, we can all agree that being celebrated can cheer us up. Free stuff can also bring some extra gladness to this special day as...

What Employers Need to Know about Form 1095-B & 1095-C

Large Employers Form 1095-C is used by employers with 50 or more full-time (or full-time equivalent) employees to report Minimum Essential Coverage (MEC) under section 6055 and the offer of coverage under section 6056 to the IRS. Form 1095-C reports whether employers...

How to Find Which Doctors Accept Medicare Assignment?

What is ‘Medicare Assignment’? The majority of doctors who accept Medicare insurance also accept medicare assignment. Medicare assignment is a term that refers to the accepted level of reimbursement Medicare is willing to give physicians and healthcare...

What is a WRAP document and do I need one?

What is a “wrap document”? A wrap document is document that sets out information about an employer’s health and welfare plan, and which incorporates (or “wraps around”) other documents that provide more detailed information about the benefits offered (such as...

What Day Does My Social Security Check Arrive?

When will I get My Social Security Check? Social Security checks are deposited on the second, third, or fourth Wednesday of each month, depending on your day of birth. The Social Security check schedule works as follows: If you were born on the: 1st–10th of the month:...

ROI on Employee Benefits

When you own a business, you should be proud of the people you hire; you want to equip them to be successful. Each employee is an important asset to your company, and doing your part to protect and reward them should be a high priority for business owners. Part of the...

Medicare Advantage Trial Period

Getting ready to sign up for Medicare? Thinking about a Medicare Advantage plan but not sure that’s what you really want. What if something goes wrong? You need to know about the Medicare Advantage trial period, a test run for a Medicare Advantage plan. Trial Right...

ACA Employer Reporting

What is the Employer Mandate? The employer mandate, also known as the Employer Shared Responsibility provisions of the Affordable Care Act, aims to reduce the number of uninsured people in the U.S. by encouraging employer-sponsored health coverage. As part of the...

Use a Health Savings Account to Pay Medicare Premiums Tax-Free

Question: We have a sizable health savings account in my wife’s name. She will turn 65 and go on Medicare in August 2016. I am 71, and my monthly Medicare Part B premium is deducted from my Social Security payment. Can we use money from her HSA to pay our Part B...