Category: Insurance
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4 Ways Level Funded Health Plans Help Manage Costs for Employers
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Why Level Funding? How Does It Work? Level funded plans are designed to offer employer predictability with the potential for upfront savings and a surplus refund. What’s driving the increased adoption of these plans? As health care costs continue to rise and broader economic uncertainty persists, employers are seeking more cost-effective plan designs. Enter level…
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Medicare Advantage vs Medicare Supplement Best Comparison
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What is the Difference? Key Points What is the difference between Medicare Advantage and Medicare Supplement? Can you have a Medicare Advantage plan and a supplemental plan at the same time? I’ve answered these questions hundreds of times in my career, so in this post, I’ll guide you to the answers. As you may know…
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Best Medicare Supplement Plan Comparison- Plan F vs Plan G vs Plan N
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Medicare Plan F vs Plan G vs Plan N Key Points Nearly 50 million people are enrolled in Original Medicare (Part A and Part B). Over 11 million of those people have additional coverage through a Medigap plan. Beneficiaries who want a Medigap plan often feel indecisive over whether to choose Medicare Plan F vs.…
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Best Medicare Supplement Plan in 2025
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Choosing a Medicare Supplement Plan in 2025 Key Points Many seniors will become eligible for Medicare in 2025. Transitioning from employer or private insurance to Medicare can be quite the adjustment. With employer or private coverage, you typically have a couple of plan options. However, when it comes to Medicare, you have numerous paths you…
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What is ICHRA: The Basics
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Super Simple ICHRA Explained What does ICHRA stand for? ICHRA stands for Individual Coverage Health Reimbursement Arrangement. It’s also commonly referred to as an ICHRA plan. What is an ICHRA? An ICHRA is a type of account-based healthcare plan that allows employers to reimburse employees for individual health insurance premiums and qualified medical expenses tax-free. …
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CMS Compliance for Small Businesses using ICHRA
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ICHRA: So, what’s the big deal with affordability? When designing your ICHRA, it’s important to understand if your reimbursement amount is considered “affordable” or “unaffordable” to your employees. Here’s why: What does “affordability” mean? Why is it important? Smaller employers are not subject to this requirement, but will want to understand how affordability impacts employee…
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Does an ICHRA comply with ERISA?
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ICHRA Rules ICHRA gives employers an incredible ability to design and customize a plan that’s tailor-made for their organization. We’ll cover some of the key ICHRA rules and ICHRA requirements in this section and dive-deeper on key topics (like ICHRA employee classes and ICHRA affordability) in later sections. A key principal to keep in mind…