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In-Network? Sorry, I have to take out the trash.

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In-Network? Sorry, I have to take out the trash.
Health plans utilize provider networks. Your health plan has negotiated rates for health care services that are considered “in-network.” When an insurance carrier aligns their coverage with a network, that network provides the carrier with a discounted cost per service. Since the discount can be anywhere between 10 to 40 percent of the retail cost, the health plan passes some of the savings on to you in the form of lower out-of-pocket costs, and no balance billing. For any given health situati...
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POS health plan? Sorry, I have to do some ironing.

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POS health plan? Sorry, I have to do some ironing.
What is a POS health plan? It is one type of health insurance plan. “POS” stands for “Point of Service,” meaning that you can choose a health care provider right when making an appointment. Depending on your health care needs, the POS plan allows you to select an “in-network” provider or “out-of-network” provider of your choice. For example, you might have a primary care doctor who is in-network, but an out-of-network chiropractor. POS health plans usually cover your care from in-n...
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Health Insurance Plan? Sorry, I have to vacuum.

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Health Insurance Plan? Sorry, I have to vacuum.
What is a health insurance plan? Consider this your health benefits 101. What is a health insurance plan? Your health insurance plan is a contract with rules between you and your health insurance company. It is sometimes called a health insurance policy or health plan. A health insurance plan is essentially an agreement that requires an insurance company to pay for some or all of your health care costs. You agree to pay premiums to the insurance company in exchange for being insured. If y...
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Let’s learn about your employer health care benefits
What are employer-sponsored health care benefits? You might have benefits from your employer or know someone who does. Let's discuss. Employer-sponsored health care benefits are known by many names: group health plans, group insurance, group health coverage, group insurance policies, etc. No matter what you call them, these are generally the most budget-friendly option for employees. Compared to purchasing your own health insurance, it is a better deal to get your employer’s “group rate” f...
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ECFC Fights for Fair Transit Benefits

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ECFC Fights for Fair Transit Benefits
Two letters were sent to Congress by dozens of Transit Authorities and local and national organizations across the U.S. One letter was addressed to the Democratic Leader Nancy Pelosi and Ranking Member Sander Levin; the other letter was directed to House Speaker Paul Ryan and House Chairman Kevin Brady. The letters ask the government to keep employer-provided transit benefits, emphasizing that that these benefits are cost effective without adding administrative tax burden. The Employers Council ...
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Rising Cost of Health Coverage Not in Stride with Paychecks
Health care premiums are expected to rise 4 to 6% for employer plans for 2017. What is alarming about that? The expected 3% salary increase reported for next year falls short.
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6 Years of PPACA: Where are we now?

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6 Years of PPACA: Where are we now?
6 Years of PPACA: Where are we now?   Where are we? Since its passage in 2010, employer views of the Patient Protection and Affordable Care Act (PPACA, or ACA) have shifted. After fears dissipated of the Marketplace Exchange competing with employer-sponsored health plans, and after a difficult implementation period; employers may have begun to adapt to the change. It was speculated that some companies would stop offering certain levels of health care coverage in the wake of PPACA, due to the ...
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2016 Snapshot: Biggest Benefit Changes Impacting Employers (part 2 of 3)
Survey data from a 2015 study conducted by the International Foundation of Employee Benefit Plans reveals that thirty-three percent of employers expect the largest cost increase from expenses associated with the Affordable Care Act will be in 2016. EMPLOYER SHARED RESPONSIBILITYThe Employer Shared Responsibility mandate, also known as “Play-or-Pay” is poised to encompass a broader group of employers in 2016. As its name implies, Play-or-Pay will result in hefty expenses if not followed correct...
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2016 Snapshot: Biggest Benefit Changes Impacting Employers (part 1 of 3)
Survey data from a 2015 study conducted by the International Foundation of Employee Benefit Plans reveals that thirty-three percent of employers expect the largest cost increase from expenses associated with the Affordable Care Act will be in 2016. REPORTING – FORM 1095-CPer the Affordable Care Act, 2016 is also the first year Applicable Large Employers (ALEs) will be responsible for reporting employee information using IRS Form 1095-C. Most employers expect a one- to six- percent increase in c...
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  • In-Network? Sorry, I have to take out the trash.
    Health plans utilize provider networks. Your health plan has negotiated rates for health care services that are considered “in-network.” When an insurance carrier aligns their coverage with a networ...
  • Referral? Sorry, I have to dust the shelves.
    Benefits 101: What is a referral? A referral from your primary care physician may be required by your health insurance plan for specific treatments from a specialist doctor. Not all types of treatmen...
  • POS health plan? Sorry, I have to do some ironing.
    What is a POS health plan? It is one type of health insurance plan. “POS” stands for “Point of Service,” meaning that you can choose a health care provider right when making an appointment. Dep...
  • ACA Watch | October 13, 2017
    Yesterday, President Donald Trump issued an Executive Order (EO) that directs the Departments of Treasury, Labor, and Health and Human Services to review and potentially revise previous guidance conce...
  • 8 Essential Tips for Your Benny™ Benefits Card

    Important tips for participants with a Benny™ Benefits Card
  • 12 Things You Didn’t Know About the Dependent Care FSA

    12 Things You Didn’t Know About the Dependent Care FSA   The BESTflexSM Plan Dependent Care Flexible Spending Account is an option of the BESTflex plan provided by your employer.     1. A specif...
  • Internships, Obamacare and Benefits

    If you currently have interns, or are hiring some soon for a summer internship program, there's something you should know.
  • Polar Plunge 2015 [PHOTOS]

    Seven of our employees participated in the 2015 Polar Plunge and took the jump. We also raised $3,436.70 for the Special Olympics, beating our goal by almost two and a half thousand dollars.