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.
opens in a new window03.25.2020 – Benefits Info COVID-19 Resources Newsletter
We hope this post finds you well… here are some of the latest updates related to COVID-19.
Under the opens in a new windowFamilies First Coronavirus Response Act (FFCRA), covered employers must post a notice of the FFCRA requirements in a conspicuous place on its premises. The attached HR Compliance Bulletin includes frequently asked questions issued by the DOL on this notice requirement.
As business closures increase due to the COVID-19 pandemic, employers are faced with questions about compensation and health benefits coverage for their employees. Government relief measures may provide compensation for businesses and individuals in certain situations. In other cases, existing rules on employee rights will apply. The attached Compliance Overview provides a summary of the issues that employers may encounter when terminating or suspending employment due to COVID-19.
Please also be aware of a Special Enrollment Period (SEP) currently offered by the major medical providers. UHC has published the details of their SEP which we have attached here. Others have simply shared the range of dates. In essence the medical carriers are affording plan administrators the ability to hold open enrollment for those who previously waived during the last open enrollment to join between now and early April (for example, April 3rd with Anthem or April 6th with UHC) to be effective April 1st. Major medical carriers are also relaxing the requirement that eligible employees maintain 30+ hours per week to be eligible through at least the end of May for those who wish to maintain benefit eligibility.
If you have any questions, please contact your Crane Agency Service Team. We are here for you and will keep you posted on major developments. For the latest information and updates on COVID-19, please visit the opens in a new windowCrane Agency Blog. Be well.
opens in a new window3.24.2020 Benefits Info COVID-19 Resources Newsletter
Crane Agency continues to monitor the Coronavirus pandemic (COVID-19) and we are doing everything we can to assist you during these difficult times. First and foremost, we hope this finds you and your families all doing well, remaining healthy and adjusting to your new work environments for those who are now working remotely. Here are some of the latest updates we have prepared in response to this fluid situation. As we await word from Washington regarding the latest proposal for a COVID-19 Relief Bill, we will share some resources we have available now:
For the latest information and updates on COVID-19, please visit the opens in a new windowCrane Agency Blog.
Each year, the St. Louis Business Journal highlights companies who are committed to the health & well-being of its employees. These awards recognize local organizations for going beyond traditional wellness programs with innovative systems that get results. Friday, St. Louis Business Journal recognized Crane Agency as winner of the 2019 Healthiest Employer award of businesses in the 250-499 employee range.
Under the leadership of Margot Gruenewald, Director of Human Resources, Crane Agency’s HR team promotes activities for employees that are healthy and fun. From scavenger hunts to biometric screenings, Crane’s Wellness Program encourages healthy choices and social interaction that reduce stress and promote team building.
You can find the complete article highlighting Crane Agency here: opens in a new windowHealthiest Employers 2019: With Crane Agency’s wellness program, fitness is actually fun
Thank you to all our employees for your continued engagement and support. We are truly honored to receive this prestigious award.
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.