Mid-market employers (50–500 employees) represent one of the strongest growth opportunities for benefits brokers today, but they are also one of the most competitive segments to win. These organizations have outgrown price-only decision-making, yet they often lack the internal HR infrastructure of enterprise employers. The result is sophisticated needs, limited resources, and a growing demand...
Mid-market employers (50–500 employees) represent one of the strongest growth opportunities for benefits brokers today, but they are also one of the most competitive segments to win. These organizations have outgrown price-only decision-making, yet they often lack the internal HR infrastructure of enterprise employers. The result is sophisticated needs, limited resources, and a growing demand…
President Biden has announced that both the COVID-19 Public Health Emergency and the related National Emergency, ongoing since March 2020, came to an end on May 11, 2023. As a result, the corresponding Outbreak Period will end 60 days later on July 11, 2023. Impact on our COBRA and Consumer-Driven Healthplan (CDH) clients COBRA: During…
On February 18, 2022, President Biden once again formally extended the COVID-19 National Emergency. This means that the following deadlines which were set to expire on March 1, 2022, will now be tolled for one (1) year (or, if earlier, 60 days from the end of the National Emergency). Participants: COBRA Qualifying Event and Disability…
The provisions of the federal COBRA law provide a valuable benefit to employees. The COBRA acronym is shorthand for the Consolidated Omnibus Budget Reconciliation Act of 1985. It requires employers of 20 or more employees who provide healthcare benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits…
As your COBRA administrator, Ameriflex is committed to helping you navigate the new rules and changes to COBRA under The American Rescue Plan Act of 2021 (ARPA). Here, you will find the latest information regarding the COBRA subsidy, including administrative updates from Ameriflex, FAQs, and next steps. COBRA Premium Subsidy Overview On March 11, 2021,…
On March 11, 2021, President Joe Biden signed into law the American Rescue Plan Act of 2021 (ARPA). The legislation goes into effect April 1, 2021 and contains provisions for a COBRA subsidy and an increase to the annual dependent care FSA contribution limit for 2021. COBRA Premium Subsidy The ARPA includes a 100% COBRA…
Ameriflex is often asked how to calculate COBRA premiums for Health Reimbursement Arrangements (HRA). The section that immediately follows details a common method for calculating COBRA premiums for HRAs with little to no previous claims experience, while this alone may be satisfactory to many plan administrators; we strongly suggest reading the entire document for a…