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Reopening after the Shutdown, HSA/HRA/FSA Expansion, EEOC Updates, Preventing Burnout and more…

opens in a new window04.23.2020 Benefits Info Resources Newsletter (link)

As you may know, a new federal law expands how members can use their Health Savings Accounts (HSAs), Health Reimbursement Accounts (HRAs – Member Pay), and Flexible Spending Accounts (FSAs). We have attached a brochure prepared by Anthem outlining these changes, but please know this information applies to any carrier.  As an employer, you don’t need to do anything to make this change effective.  Here are the highlights:

Members can now use these accounts to purchase over-the-counter (OTC) medicines that had previously required a prescription. They can also use the accounts to purchase menstrual products. This will help them save on health care costs because the funds in these accounts are pre-tax.

For now, members may need to pay for these items out of their pockets and file claims for reimbursement. They’ll need to keep their receipts for these purchases. All eligible purchases they make after December 31, 2019, qualify.

They’ll be able to use their debit cards soon. Retailers are updating their systems to accept the cards for newly-approved items. Some stores may be ready now for OTC medicines and by May 15 for menstrual products. Others may need several weeks for the update.

Other updates you will find in our most recent edition of the Crane Agency Benefits Info Newsletter include our Employer’s Guide to COVID-19, COVID-19 scenarios related to available benefits, Reopening a Business After the Shutdown, Guidance from EEOC on ADA, Preventing Remote Employee Burnout, and the Form 5500 Deadline Extension just to name a few.

For additional COVID-19 related resources, please visit our opens in a new windowCoronavirus Preparedness Resources (COVID-19) page.  As always, if we can be of service in any way, please do not hesitate to contact your Crane Agency Broker Team.  Until next time, stay safe and be well.

Benefits Brief – January 2019

Happy New Year!  Welcome to the opens in a new windowJanuary 2019 edition of the Crane Agency Benefits Brief.  This month you will find information on several legislative and compliance updates, which may impact your benefits program in 2019.  These changes include updated minimum wage rates for 2019 and the EEOC’s removal of incentive limits from employer-sponsored Wellness Plans.  In addition, we have provided an overview of Paid Family & Medical Leave laws recently enacted in MA, NY, WA & DC.  In the HR Brief, we have provided some updated plan limits for 2019, along with tips to prepare for “Gen Z” entering the workforce.  Finally, our Live Well, Work Well Newsletter provides health & wellness tips for your work and life in the coming year.

Thank you for your continued confidence in the Crane Agency Benefits Department.  It is our pleasure to serve you.  Please do not hesitate to contact your agent or service representative if we can be of assistance.

Crane Agency – May Wellness Newsletter, HR Brief, Benefits Buzz

Welcome to our May Wellness Newsletter.  The opens in a new windowLive Well, Work Well newsletter opens PDF file is an employee newsletter that is produced monthly and covers topics like health, wellness, fitness, nutrition and personal finance.  This month’s issue discusses reasons to quit smoking today, offers tips for alleviating spring allergies and covers the importance of aging well as you near retirement.

You will also find attached this month’s opens in a new windowBenefits Buzzopens PDF file and opens in a new windowHR Briefopens PDF file .  This month’s opens in a new windowBenefits Buzzopens PDF file is already outdated with the passage of the AHCA today, but it provides an overview of the future of certain Affordable Care Act taxes and fees, explains the cost-saving potential of generic drugs and highlights the Department of Health and Human Services’ promotion of ACA Section 1332 waivers.   This month’s opens in a new windowHR Brief opens PDF file explains the Equal Employment Opportunity Commission’s (EEOC) plans to maintain its bipartisan strategic enforcement plan in the coming years, discusses President Donald Trump’s labor secretary nominee, Alexander Acosta, and his comments on the overtime rule, and highlights the highest increase in the quits rate since February 2001.

Thank you for your continued confidence in the Benefits Department of the Crane Agency.  Please do not hesitate to contact your agent or service representative with any additional questions.

Crane Agency – April Wellness Newsletter, HR Brief, Benefits Buzz & Compliance Updates

Welcome to our April Wellness Newsletter.  The opens in a new windowLive Well, Work Well newsletter opens PDF file is an employee newsletter that is produced monthly and covers topics like health, wellness, fitness, nutrition and personal finance.  This month’s issue provides information on how phlegm can help fight off illnesses, lists tips on how to monitor rice intake to minimize arsenic consumption and highlights the importance of getting enough calcium.

You will also find attached this month’s opens in a new windowBenefits Buzzopens PDF file and opens in a new windowHR Briefopens PDF file .  This month’s opens in a new windowBenefits Buzzopens PDF file provides an overview of the American Health Care Act (AHCA) and its implications, and explains the most recent extension to the existing transition policy for certain noncompliant health care plans under the Affordable Care Act.  This month’s opens in a new windowHR Brief opens PDF file discusses best practices for retirement preparation, explains the value of health literacy and provides insight about millennial retention.

On March 24, 2017, Republican leadership in the U.S. House of Representatives withdrew the American Health Care Act – their proposed legislation to repeal and replace the ACA.  As a result, the ACA will remain in place at this time.  The attached opens in a new windowACA Compliance Bulletin opens PDF file provides an overview of the proposed legislation and the impact going forward.

Thank you for your continued confidence in the Benefits Department of the Crane Agency.  Please do not hesitate to contact your agent or service representative with any additional questions.