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Tag: health insurance
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Employer Medicare Part D Notices Are Due Before October 15 | Pennsylvania Benefit Brokers
Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15. Purpose Medicare began offering “Part D” plans…
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Pennsylvania Employment Law Update | PA Employee Benefits
Mandated Health Benefits – Oral Chemotherapy Medication On July 8, 2016, Pennsylvania Governor Tom Wolfe signed legislation (H.B. 60) regarding health insurance coverage for oral chemotherapy medications. Pursuant to the bill, whenever a health insurance policy provides coverage that includes coverage for intravenously administered or injected chemotherapy medications which have been approved by the U.S.…
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Health Insurance Industry Terms You Need To Know | PA Employee Benefits
With the ever increasing amount of regulations in the Health Insurance industry – the amount of acronyms is rising rapidly. If you don’t follow the latest news religiously, then you could find yourself M.O. (missing out!). Even if you are a seasoned “insurance chooser” – some of the more common terminology could be just as…
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How to Make Your Parent a Dependent for Insurance | Duncansville Employee Benefits
By Melanie Jones www.livestrong.com Children may have to become the caregivers of aging parents. These parents may be faced with health issues and altered mental issues as they age. Occasionally, children may have to have their parents enrolled on their insurance plans as a dependent. Parents enrolled on a qualified medical insurance plan will ensure…
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Qualifying Life Event’s | Benefits Specialist Duncansville
Abridged from www.healthcare.gov A change in your situation – like getting married, having a baby, or losing health coverage – that can make you eligible for a Special Enrollment Period, allowing you to enroll in health insurance outside the yearly Open Enrollment Period. There are 4 basic types of qualifying life events. (The following are…
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5 Ways Critical Illness Insurance Can Be a Financial Life Saver | Duncansville Employee Benefits
By Ken Smith www.lifehappens.org It was a world-famous heart surgeon, Dr. Marius Barnard, who created critical illness insurance, as he saw how the financial stress that accompanied cancer, heart attack and stroke was killing his patients. This type of insurance typically gives you a lump-sum cash payment if you are diagnosed with one of the…
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Difference Between Basic Insurance & Major Medical Insurance | PA Benefits Broker Services
www.livestrong.com By Jenni Wiltz Choosing a health care plan often comes down to cost, but don’t forget to compare the monthly premium with the amount of coverage you get. Major medical insurance is designed to cover you during everything from routine check-ups to major catastrophic events. Basic health insurance, by contrast, is a cash reimbursement…
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Defend Trade Secrets Act Requires Immediate Action | Duncansville Employee Benefits
www.thinkhr.com The Defend Trade Secrets Act (DFTA) was signed into law (and became effective) on May 11, 2016. The act takes effect immediately for all employers and applies to any act that occurs on or after the date of enactment. The DFTA generally provides immunity for an employee’s action that would have otherwise constituted trade…
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Small or Large Employer? | PA Benefits Specialist
How do I know if I am a small or large employer? Why does it matter? Abridged from www.irs.gov An employer’s size is determined by the number of its employees. Employer benefits, opportunities and requirements are dependent upon the employer’s size and the applicable rules. Generally, an employer with 50 or more full-time employees or…
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How to Add a Step Child to a Health Insurance Plan | Employee Benefits PA
By Jon Williams www.livestrong.com The addition of a stepchild to your family brings a variety of rewards and challenges. The task of adding your stepchild to your health insurance should be a relatively easy process. The addition of the stepchild might have occurred after a marriage or with a change in custody. According to Insurance…
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