• Medicare Part D Notices Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals …

  • With open enrollment season approaching, now’s the time for HR professionals to kick off their planning. Due to the pandemic—and employees’ desire for flexibility—many employers now find themselves with a workforce on a hybrid schedule. It’s imperative they make appropriate adjustments to lead a successful open enrollment period. As a flexible model designed to support …

  • There are many benefits of working with a local health insurance broker. Give us a call or find an agent near you HERE. No Extra Costs – The price of your health insurance plan is legally regulated, so you will find the same premium no matter where you shop. Working with a Compass advisor means …

  • To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan 1, 2022. Employers should review their plan documents to confirm that they include these required changes. Our 2022 Open Enrollment Checklist is available …

  • On July 26, 2021, the IRS issued Notice 2021-46, providing additional guidance on the application of the American Rescue Plan Act (ARPA) subsidy for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) in the form of 11 questions and answers. You can view the official notice HERE. The Notice expands …

  • Stay safe in the sun! This excerpt is an example of the monthly newsletters we send out to all our companies, so they can provide additional value to their employees. We go above and beyond for the companies that we work with. If you have any questions about your employee benefits, visit our page HERE. …

  • Even before the COVID-19 pandemic, many working parents struggled to balance work and home life. As employees look ahead to life after the pandemic, the challenges of pulling double duty will likely remain. It will be vital for your company to discuss how to support working parents. 60% of working parents have no outside help in …

  • The American Rescue Plan Act has made significant changes in the health insurance plans on the individual marketplace. If you have an individual health insurance plan, reach out to one of our agents for a free, personalized review of how your plan has changed. $0 Silver Monthly Premiums Income earners who fall below 150% of …

  • Any of the following preventative care items are available for FREE with any health insurance plan that meets the minimum essential care as outlined in the Affordable Care Act. Preventative Care for Adults Abdominal aortic aneurysm one-time screening – For men of specified ages who have ever smoked Alcohol misuse screening and counseling – To …

  • Why Supplemental Coverage Medical bills are the #1 reason for bankruptcies in America. Even people WITH health insurance coverage may have trouble paying their medical bills, but supplemental insurance can help. Many people have to claim bankruptcy due to a loss of income that results from an injury or sickness. There are many costs associated …