2024 FSA/HRA/HSA Comparison

2024 FSA/HRA/HSA Comparison

While Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) are similar in that they enable employees to save money for medical expenses, there are vital and nuanced differences between the three. Through the following FSA/HRA/HSA comparison
Group Health Plan Creditable/Non-Creditable Coverage Notices Due by 10/14/2023

Group Health Plan Creditable/Non-Creditable Coverage Notices Due by 10/14/2023

Sponsors of group health plans that provide prescription drug benefits are responsible for determining and notifying Medicare-eligible beneficiaries of whether the plan provides creditable* or non-creditable drug coverage before October 15 of each year. When is the Notice of Creditable or
Brown & Brown, Inc. Enters Into Agreement To Acquire Kentro Capital Limited d/b/a Nexus Underwriting and Xenia Broking

Brown & Brown, Inc. Enters Into Agreement To Acquire Kentro Capital Limited d/b/a Nexus Underwriting and Xenia Broking

Click to read the official press release on investor.bbinsurance.com DAYTONA BEACH, Fla., May 22, 2023 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), today announced that Brown & Brown has entered into an agreement
RxDC 2020 / 2021 Reporting Relief: Deadline Extended to January 31, 2023

RxDC 2020 / 2021 Reporting Relief: Deadline Extended to January 31, 2023

On Friday, December 23, 2022, the US Departments of Labor, Treasury, and Health and Human Services jointly issued FAQ guidance (Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) offering relief to health issuers, health plans, Third-Party Administrators
2023 FSA/HRA/HSA Comparison

2023 FSA/HRA/HSA Comparison

While Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) are similar in that they enable employees to save money for medical expenses, there are vital and nuanced differences between the three. Through the following FSA/HRA/HSA comparison
Group Health Plans Creditable/Non-Creditable Coverage Notices Due by 10/14/2022

Group Health Plans Creditable/Non-Creditable Coverage Notices Due by 10/14/2022

Sponsors of group health plans that provide prescription drug benefits are responsible for determining and notifying Medicare-eligible beneficiaries of whether the plan provides creditable* or non-creditable drug coverage before October 15 of each year. When is the Notice of Creditable or
Alternative Risk/Captives

Alternative Risk/Captives

Brown & Brown's Alternative Risk/Captives team takes an innovative approach to addressing your insurance cost, coverage and profit goals. Strategies to help meet those goals can include increasing risk retention through the use of a captive, increasing or decreasing limits