Blog Archives

• Tips to a Successful Annual Exam | Florida Employee Benefits

  Posted on February 28th, 2018

  Knowledge is POWER! Be prepared for your annual exam.  

• Benefits of an Annual Exam | FL Benefit Advisors

  Posted on February 22nd, 2018

  Have you ever heard the proverb “Knowledge is power?” It means that knowledge is more powerful than just physical strength and with knowledge people can produce powerful results. This applies to your annual medical physical as well! The #1 goal of your annual exam is to GAIN KNOWLEDGE. Annual exams… Read more »

• CMS Disclosure Requirement for Employer Health Plans | Florida Employee Benefits

  Posted on February 13th, 2018

  Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year… Read more »

• Benefits Easy: Intro to Self-Funding | Florida Employee Benefits

  Posted on February 8th, 2018

  As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan…. Read more »

• 2017 UBA Healthplan Survey | Florida Benefit Advisors

  Posted on December 27th, 2017

  It was recently unveiled the latest findings from our 2017 Health Plan Survey. With data on 20,099 health plans sponsored by 11,221 employers, the UBA survey is nearly three times larger than the next two of the nation’s largest health plan benchmarking surveys combined. Here are the top trends at… Read more »

• Top 3 Frequently Asked Questions about Qualified Small Employer Health Reimbursement Arrangements | Florida Benefit Advisors

  Posted on November 28th, 2017

  On December 13, 2016, President Obama signed the 21st Century Cures Act (Cures Act) into law. The Cures Act provides a method for certain small employers to reimburse individual health coverage premiums up to a dollar limit through HRAs called “Qualified Small Employer Health Reimbursement Arrangements” (QSE HRAs). The provision went into effect on… Read more »

• Benefit Plan Design: Charging Employees Different Premiums | Florida Benefit Advisors

  Posted on November 2nd, 2017

  Employers who are designing a health and welfare benefit plan for their employees often wonder about the rules relating to setting premiums for employees. Employers generally have significant flexibility in this part of their plan’s design. Common structures contemplated by employers include, but are not limited to: Charging all employees… Read more »

• It’s Open Enrollment Time! | Florida Benefit Advisors

  Posted on October 24th, 2017

  Fall.  With it comes cooler temperatures’, falling leaves, warm seasonal scents like turkey and pumpkin pie, and Open Enrollment.  It goes without saying; employees who understand the effectiveness of their benefits are much more pleased with those packages, happier with their employers, and more engaged in their work. So, as… Read more »

• Are you addressing your employee’s financial health? | Florida Benefit Advisors

  Posted on October 12th, 2017

  The importance of health and wellness in the workplace is more apparent than ever. It’s obvious why healthy individuals make better employees and the positive impact this has on your bottom line. When thinking about building a program to improve the well-being of your employees, don’t forget about the importance… Read more »

• IRS Releases Drafts of 2017 Forms 1094 and 1095 | Florida Benefit Advisors

  Posted on September 26th, 2017

  The IRS has released drafts of the forms and instructions that employers will use for 2017 reporting under the Affordable Care Act (ACA). It is expected that when the IRS releases final versions, the material will be virtually identical to the drafts. Applicable large employers (ALEs) will use the following:… Read more »