Allowing health plan changes outside of open enrollment without a permitted mid-year election change is risky. Doing so may lead to the following: 1. Cancellation of your group health insurance plan, 2. Disqualification of your cafeteria plan, and/or 3. Opening the door for litigation or claims...
Jun 16, 2020
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The Hazards of Making a Health Plan Exception
In preparation for 2020, Lumity surveyed CEOs, finance, and HR professionals at U.S.-based companies to understand their biggest benefits challenges. We received 1,648 responses from employers in the 50 - 1,000 employee size. Below, I’ve shared our findings. In this presidential election ye...
Jan 09, 2020
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Top 6 Benefits Challenges in 2020
Tax and Coverage Rules When it comes to health benefits for domestic partners, employers often struggle with the tax and coverage rules. Multiple factors compound the complexity, so if you’re not an expert, it’s easy to spin in circles. This blog is intended to provide employers wi...
Dec 26, 2019
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Employers, Domestic Partnerships, and the IRS

HSA Expansion Option for Employers

If you're wondering how IRS Notice 2019-45 ("HSA Expansion") affects your employer-sponsored High-Deductible Health Plan (HDHP), you're not alone. This was the most asked question in a recent "2020 Employer Benefits Legisl...

Dec 17, 2019
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The Game Theory Behind Health Plan Renewals

For most U.S. employers, providing employee health care coverage is a cost of doing business, not your core business. And it's the second largest operational expense after wages. Yet HR and finance professionals have little—or no—visi...

Oct 11, 2019
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Help for a High Health Plan Renewal

It’s health plan renewal season, and some employers are in for a sticker shock. But, before you swallow a double-digit rate hike that will cost you and your employees, it’s critical to find out whether the rate is, indeed, a fair reflecti...

Oct 01, 2019
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5 Tips and Templates for Open Enrollment

Once a year, your employees are asked to make a complicated decision--one that could significantly affect their health and finances. And employees are looking to HR for guidance as they make their health plan choices. So, today, I don’t just...

Sep 24, 2019
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Goodbye PEO, Now What?

There’s a narrow window when using a Professional Employer Organization (PEO) makes good business sense. They’re especially suited for small companies that are just getting off the ground because the co-employment relationship means they...

Sep 10, 2019
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How to Leverage Claims Analytics

At around 250 employees, your company should be getting your medical claims from your broker or carrier. This claims visibility is a good start to understanding your healthcare costs, but this is just the first step. The real key to managing cos...

Aug 19, 2019
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