Today, offering a well-rounded benefits packages that takes employees’ wellness needs into consideration is a competitive advantage for employers. And in this era when healthcare costs are soaring, providing a Health Flexible Spending Account (FSA) is a meaningful way for employers to boost employees’ capacity to pay for out-of-pocket health-related costs.
Attracting and retaining high-quality employees is a priority for most businesses and requires a strategy that goes beyond offering attractive compensation. Employees often choose work based on whether an organization’s culture aligns with their own values, career development opportunities, or the presence of benefit options that empower them to make choices based on their personal lifestyles. Robust benefits packages today frequently include self-directed options that help plan participants stretch their budgets in a variety of ways.
Understanding and managing the high cost of prescription drugs presents challenges across the U.S. healthcare system. For years, a particularly complex set of pricing variables has frustrated employers sponsoring healthcare plans as well as their plan participants. Under the No Surprises Act (NSA), enacted as part of the Consolidated Appropriations Act, 2021 (CAA), the federal government has recently mandated prescription drug data collection (RxDC) in an effort to create greater system-wide transparency.
The Family Medical Leave Act () entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons.
EIG: What brought you to Eastern Insurance?
EIG What brought you to Eastern Insurance?
Since the advent of the COVID-19 pandemic, many medical appointments in the U.S. have been conducted though the online process called Telehealth which allows doctors and other healthcare providers to treat and prescribe medication for patients online. The new platform thrived because a number of geographic and other Federal waivers were swiftly implemented to make it so.
From tax years 2015 through 2020, the Internal Revenue Service (IRS) opted not to assess penalties on Affordable Care Act (ACA) forms filed with mistakes so long as employers demonstrated “good faith” compliance efforts.
For more than 25 years, the Health Insurance Portability and Accountability Act (HIPAA) has set the standard for governing the electronic exchange, privacy, and security of health information.
What sets us apart at Eastern Benefits Group is our amazing team of employees. Thanks to their outstanding leadership, we’re not only able to provide superior customer service to our clients but also uphold our commitment to giving back to our community year-round. As we continue to spotlight our team members here at EBG, we’re proud to introduce you to Vice President, Benefits Administration, Michelle Nelson.