Health FSAs offer tax advantages for both the employee and the employer. A health flexible spending account (FSA) allows employees to pay for qualified out-of-pocket medical expenses on a pre-tax basis.
Cost-Effective Employee Benefits Blog
If you are currently insured with Members Health Plan New Jersey (MHPNJ) you have probably already heard the news—MHPNJ is winding down operations.
In certain parts of the country, Reference Based Pricing (RBP) is a relatively new concept in insurance – but its popularity has been surging as RBP is driving down employer costs significantly.
The success of a benefits package is judged by how significantly employees make use of those benefits. That is why employee satisfaction needs to be the focus when choosing the best health insurance plan for your company.
At its core, telemedicine involves a clinician delivering off-site medical care to a patient remotely—for example, by speaking on a telephone, via webinar, or through a one-to-one video online.
With voluntary benefits, your employees can drive the approach our advisory team takes when creating your customized benefit program.
Traditional health plans with copays mean that the employee likely also pays coinsurance for their expenses.
Are you turning 65? We can help you navigate Medicare enrollment with ease. Learn more in benefEx’s infographic.
For employers with less than 20 employees, Medicare-eligible employees need to be sure they are correctly enrolled in Medicare—and that they are enrolled on time.
The American Rescue Plan Act (ARPA / HR 1319) signed into law by President Biden is designed to subsidize up to six months of COBRA coverage for former—or current—employees that have lost or will lose coverage.