Voluntary benefits, no matter what is offered need to be well designed and integrated.
In 2014, the Affordable Care Act allowed individuals to enroll in health insurance without medical questions, meaning no pre-existing limitations. At the time, many thought this would, in an essence, ‘repeal’ the COBRA act of 1986 and we would no longer need the transitional option that allowed individuals the opportunity to remain on their employer coverage. Surprisingly, COBRA is still available and a useful tool for health insurance. (more…)
Wellness… It’s the new ‘IT’ concept? Not hardly. I grew up in the 80’s with a mom that was the vice president of Human Resources and a father that was a health insurance agent. If you were a business owner then, you know that Wellness was going to be the next great saver of premiums for our health plans. Employees would answer biometric questions, getting financial incentive for doing so and maybe a bit longer lunch to work out. It fizzled out as fast as it rushed in. (more…)
Clients and their financial advisors have walked for years through life changes, careers, and now it is time to retire…it is time to start spending money as wisely as it has been saved. Budgeting to spend the money accumulated is critical and an important cost at the top of the list is healthcare. (more…)