Common HSA, HRA & FSA Eligible Expenses

The following is a summary of common expenses claimed against Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), and Healthcare[…]

Combine your ICHRA with a Cafeteria Plan for maximum tax advantages.

Both employers and employees benefit by paying lower taxes to help keep health care costs more affordable. In some instances, the savings can be[…]

Avoid employee benefits compliance oversights.

Labor and employment laws are complicated. If you are found non-compliant during an audit, this could result in hefty penalties and fines by the[…]

Important information about your Humana Medicare Advantage Plan

One of the state’s largest Medicare Advantage insurers says M Health Fairview and CentraCare are opting out of the health plan’s network next year, a[…]

What Is Long-Term Care Insurance and Who Needs It?

Planning for the future is tough when it comes to your own mortality. None of us wants to think about our final years, but if you’re nearing retirement[…]

Why Employees Love Health Reimbursement Arrangements: 4 HRA Benefits for Workers

A Health Reimbursement Arrangement (HRA) is an employer-funded health benefit account that reimburses employees for out-of-pocket medical expenses – and[…]

Why You Should Update Your Insurance ASAP After a Qualifying Life Event

If you’ve just changed jobs, had a baby, or experienced another major change in your life, it’s important to know how it may affect your insurance[…]

Common Medicare Terms You Need to Know

Enrolling in Medicare can be confusing, as can understanding your plan even when you’re already enrolled. At Benafica, we’re here to help. The first step[…]

9 Reasons You Should Consider Investing in Individual Life Insurance

Purchasing life insurance — unlike enrolling in many other types of insurance — may not seem like a pressing concern, especially for individuals in their[…]

A Quick COBRA Compliance Refresher

Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law regulated by the Department of Labor that requires employers with 20 or[…]