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Listen to Roscoe in an emotional Video for the Wealth Channel where he discusses the moral issues surrounding Persistent Vegetative States. Roscoe Douglas CLU, RHU, is a Partner with UnionServices.com and Presdent of First Benefits, inc.

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Insurance News

  • 2019 QSEHRA Contribution Limits

    The qualified small employer health reimbursement arrangement (QSEHRA), also called a small business HRA, comes with annual contribution limits. In practical terms, that means small businesses are limited in how much tax-free money they can offer their employees through the benefit.

  • Small Business 101 - Reimburse Employees for Medical Expenses

    As leadership teams evaluate small business health insurance options, many want to know how they can reimburse employees tax-free for medical expenses.

    Currently, there are three main medical expense reimbursement benefit options. To help clarify which benefit will help your small business achieve its goals, here's a simple breakdown of the three benefits.

  • Health Insurance Reimbursement in 2019: What Are the Options?

    Small business health insurance is getting more expensive every year. A popular and effective way to avoid these costs is to cancel group coverage and reimburse employees for individual health care expenses instead.

    With a reimbursement benefit, small businesses can decide how much they want to spend toward their employees’ health care. They can also avoid the cumbersome administrative requirements of group benefits.

    But with health care policy perpetually changing, it’s hard for small businesses to keep track of which reimbursement benefits are compliant and which aren’t.

    In this post, we’ll go over the latest federal guidelines to help you understand your options for health insurance reimbursement in 2019.

  • 7 types of health insurance plans

    Having the right health insurance benefit for your small business is extremely important.

    In order to help you find the benefit that fits your needs, we'll go over seven types of health insurance plans. Five of these are traditional group health insurance policies, but we'll also introduce you to alternatives if group health is outside of your budget.

    Knowing these policy types will prepare you for evaluating options each year as part of your internal small business audit.

    Editor's Note: This blog was originally published on March 7, 2013. It has been updated to reflect the most recent small business health insurance options. As a point of clarification, numbers 1-5 may also be individual health insurance policies; this blog merely discusses these options from a small business perspective.

  • Section 105 Plans "for Dummies"

    Section 105 plans play a huge role in the employer-sponsored health insurance market, particularly in self-insured plans.

    Self-insured section 105 medical reimbursement plans offer dynamic, cost-effective, and sustainable employee benefits options. As such, they're a popular alternative to traditional group health insurance.

    That being said, there seems to be some misunderstanding about IRC Section 105 and its application in the employer sponsored health insurance market.

    This article provides a simple, to-the-point overview of IRC Section 105 and Section 105 Plans.

    Note: As of January 2017, the PeopleKeep software leverages the qualified small employer health reimbursement arrangement (QSEHRA), a Section 105 Plan that offers clear compliance requirements and simplicity. Contact us with any questions.

     
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