IRS Releases 2024 Adjustments and Benefit Limits for ACA Affordability and More

On November 10, 2023

With 2024 approaching fast, the IRS has begun to release some of next year’s indexing adjustment and benefit limits for health and welfare plans. One of the most-watched IRS adjustments each year is the required contribution percentage used to determine whether employer-sponsored health coverage is considered affordable under the Affordable Care Act (ACA). The IRS […]

SummaCare Updates

On November 8, 2023

New Information Needed for Large Group Quoting Beginning November 1, 2024 a member level census will be required for all 51+ large group quoting. By including a member level census, SummaCare can review data compiled by our Artificial Intelligence (AI) tool for opportunities to offer your clients more competitive rates. Our quoting department can accept […]

Capturing Employee Attention During Open Enrollment

On November 2, 2023

Open enrollment season is a critical time for employers to communicate and engage with employees regarding their benefits. However, capturing employee attention during this period can be challenging, as individuals may feel overwhelmed or disinterested in the process. Below are some effective strategies to capture employee attention during benefit open enrollment, ensuring that employees make […]

MMO Update

On November 1, 2023

Stop Loss Coverage – Gene Therapy Rider Discontinued For all new and renewing business with an effective date on or after 02/01/24, the gene therapy rider will be removed and the cost for gene therapy will be included in specific stop loss rates. The separate gene therapy rider was originally developed several years ago around […]

Anthem Update

On November 1, 2023

Kettering Health is moving to a new network tier Kettering Health hospitals and doctors are moving from Tier 1 to Tier 2 in your clients’ 3 Tier health plan network on January 1, 2024. As a result, your clients’ employees may pay more for care they receive from Kettering Health doctors and facilities starting on […]