Special Enrollment Period Allows Small Businesses to Easily Qualify for Group Benefits

October 14, 2015

Are you a business owner with less than 50 full-time equivalent W-2 employees?

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 The ACA has a little-known special open enrollment period from November 15 to December 15 where insurance companies must relax their rules…they cannot enforce any participation or contribution requirements.  This makes it possible for smaller employers to get group health insurance, even with only one participant.

The effective date for these policies will be January 1, 2016.  All employee and employer paperwork must be received by the carrier by December 15.   Standard community rates apply.

In addition, there are also tax credits available based on the size of your business and average employee income.

Another option for employers who have employees in good health is called a Level-Funding Option.  If you know which employees are going to enroll, providing employee health history can give you additional ways to save money on employee benefits.  This is available any time of year for employers with at least 10 participating employees.

For all your premium savings options, request a quote and/or contact L & A Services ASAP for one-on-one assistance throughout the entire process. We are certified to assist with shopping and selecting a plan, securing the coverage, and applying for any tax credits you may be eligible for.  Since this is a busy time of year for health insurance companies, the earlier you begin the smoother the process will be.

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New Health Insurance Option for Small Businesses

October 14, 2015

Obamacare is great for small businesses with less than 50 employees who have a history of large health claims.  But what if the business is made up of healthy workers?

Great Idea!

Since health history can’t be considered under the Affordable Care Act (ACA), insurance carriers must offer all employees the same premium with the only adjustments being for age, tobacco use and family size.  This can often mean employers with the healthiest employees are paying the same premiums as employers with an unhealthy employee population.

For this reason, we are recommending employers who offer health insurance to at least 10 employees take a look at LevelFunding.   With Level-Funding plans, a portion of the premium is set aside for the purpose of covering employee health claims, rather than paying the higher fully-insured premiums per employee.  Coupled with a stop-loss policy, small companies are then protected from higher than expected losses from claims.  If employee claims are less than anticipated during a plan year, a refund check is issued to the employer.

These plans are not subject to the same ACA “community rating” and other requirements, but they have many of the same benefits, and offer the same look and feel of a traditional health insurance plan.  Level-funded plans give the employer more flexibility, allowing the plan design to provide an even greater benefit to the employees at a much lower cost than traditional fully-insured health plans.

These plans are not for every employer.  Contact L & A Services for professional guidance and to obtain a quote.


Important for Employers – Complimentary ERISA Compliance Training Seminars

August 6, 2015

dol logo

Back by popular demand, we have partnered with TASC to provide ERISA training from the comfort of your own office.  Any employer offering benefits to at least 2 employees must comply with ERISA, or face potential fines.   We want to help you protect yourself from a DOL ERISA audit, so this complimentary 45 minute on-line training is offered as a service to you.  The dates and times are below, and you can read more about this below that.  We hope you can attend!

Seminar 1       AUGUST 24TH @ 2PM (AZ Time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

 

 Seminar 2       AUGUST 25TH @ 10 AM (AZ time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

You can email or call me with your preference as to which webinar will work best for you.

Thank you so much for taking time out of your busy schedules for this important webinar.

Sincerely,
L & A Services, Inc

ADDITIONAL INFORMATION:

By now we have all heard plenty about the Affordable Care Act, and many of us have already received a letter from the Department of Labor.  In 2013, the Department of Labor hired over 1,000 auditors to collect $1.6 Billion in penalties for employers that are non-compliant.  It is estimated that 95% of all employers are not fully compliant with ERISA or new provisions of the Affordable Care Act, which will leave many businesses vulnerable to fines.

Our goal at L & A Services, Inc is to remove the threat of fines from $100-$1100 per person per day, in addition to legal fees that come with an ERISA audit. We believe the ERISA compliance service available through TASC or another one of our administrative service companies is a practical solution to protect your business against potentially large fines and/or legal fees and will give you peace of mind in the likely event of a DOL audit.

This has recently become an extremely important topic for our business customers.  It is up to the employer to comply with all the complex laws surrounding employee benefits; neither insurance companies nor your insurance agent can protect you against these fines.  However, we can offer you tools and resources to protect yourself.

In anticipation of this demand, we are holding two live informational webinars to inform you and answer questions you may have. You can attend them in the comfort of your own office. Each will last approximately 40 minutes with 10 minutes for questions. We would welcome your attendance and feedback.


Vote for Us!

July 28, 2015

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The polls are open and your vote counts.  “RANKING ARIZONA” is ranking the very best of Arizona’s businesses and L&A Services is right there on the list in the “Insurance Brokers” category.  

We’ve been giving a hand up to Arizona’s workforce and their families regarding their personal choices on health insurance and other benefit programs including retirement since 1985.   

When the dust settles we want to be ranked number #1.  The deadline to participate is July 31 at midnight, so we need your help please! 

Arizonans, please click this link:  http://azbigmedia.com/vote-ranking-arizona and cast your vote for L&A Services, Inc. as the top, number #1 insurance brokerage in the Grand Canyon State.  It only takes a minute.  We thank you!

 


Important for Employers – Complimentary ERISA Compliance Training Seminars

March 26, 2015

dol logo

By now we have all heard plenty about the Affordable Care Act, and many of us have already received a letter from the Department of Labor.  In 2013, the Department of Labor hired over 1,000 auditors to collect $1.6 Billion in penalties for employers that are non-compliant.  It is estimated that 95% of all employers are not fully compliant with ERISA or new provisions of the Affordable Care Act, which will leave many businesses vulnerable to fines.

Our goal at L & A Services, Inc is to remove the threat of fines from $100-$1100 per person per day, in addition to legal fees that come with an ERISA audit. We believe the ERISA compliance service available through TASC is a viable solution to protect your business against potentially large fines and/or legal fees and will give you peace of mind in the likely event of a DOL audit.

This has recently become an extremely important topic for our business customers.  It is up to the employer to comply with all the complex laws surrounding employee benefits; neither insurance companies nor your insurance agent can protect you against these fines.  However, we can offer you tools and resources to protect yourself.

In anticipation of this demand, we are holding two live informational webinars to inform you and answer questions you may have. You can attend them in the comfort of your own office. Each will last approximately 40 minutes with 10 minutes for questions. We would welcome your attendance and feedback.

Seminar 1       April 21st  9:30am (AZ Time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

 

 Seminar 2       April 22nd  2:30pm (AZ time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

You can email or call me with your preference as to which webinar will work best for you.

Thank you so much for taking time out of your busy schedules for this important webinar.

Sincerely,
L & A Services, Inc