Noncompliance with COBRA laws could result in astronomical penalties, legal fees, and other expenses. Consider this: A maximum of $110 penalty per affected participant or beneficiary per day from the date the noncompliance started. Personal liability imposed on plan administrators. It is not unheard of for COBRA violations to cost a company thousands
Employee handbooks are an essential part of effective HR management. Handbooks are also an important risk management tool. Since employee handbooks are not required by law, organizations may determine the best method and most effective means to communicate important HR-related information to their employees. An employee handbook should help reduce risk
http://blogs.kqed.org/stateofhealth/2013/07/02/obama-administration-delays-employer-mandate-for-one-year/
The California Health Insurance Exchange, Covered California unveiled their website today along with estimates of what the individual can expect to pay in premiums and out-of-pocket healthcare costs. You can calculate your estimated premium by visiting: Covered CA Cost Calculator At Van Beurden Insurance we can help you analyze which plan best
Employers with fully insured health plans are realizing they can "safely" custom design a medical plan for the needs of their workers and save as much as 40% on the over all cost. As a result, the choice to self fund a health insurance plan is becoming more popular for employers with
Employers now have access to a $200 million fund to help pay for Wellness Programs.
Wellpoint, parent company of Anthem / Blue Cross has warned its individual policy holders that their rates may go up 39%, but the majority of their policy holders will have a 24% rate increase. They advise this is due to claims dollars paid out are higher than premiums brought in,