Keep your employee health benefits administrator in the loop.

According to a survey conducted by linkedin: 50% of respondents say that flexibility of hours or location has become more important to them, post-COVID.[…]

ICHRA vs. Group Plans: Which is better?

Is ICHRA better than a traditional group plan?  In many cases yes.  This innovative health insurance model is a superior option compared to traditional[…]

Government Paid COBRA Health Insurance: What employers need to know.

Read our latest update. As a COBRA service provider Benafica strives to keep you informed and compliant.

Unpacking The Coverage Provisions In The House Pandemic Relief Bill

Days before his inauguration, President Joe Biden outlined a plan for COVID-19 relief and economic recovery that includes federal aid for health care[…]

5 facts for the most tax savings from your ICHRA

1. What is an ICHRA? An individual coverage HRA (ICHRA) is a type of health reimbursement arrangement that allows employers to reimburse their employees[…]

What can be reimbursed by a QSEHRA or an ICHRA?

A Health reimbursement arrangement (HRA) is a employee benefit growing in popularity that can be used to reimburse employees for individual health[…]

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[…]

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[…]

What Is an HRA? Understanding Health Reimbursement Arrangements

For many companies and individuals, navigating the complicated landscape of employer-provided health benefits can be confounding. At Benafica, we’re here[…]