Employer COBRA Responsibilities
COBRA is a federal law that requires employers with 20 or more employees to offer continuing coverage to individuals who would otherwise lose their health[…]
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 more[…]