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Prescription Drug Discount Programs | Chicago Employee Benefits

Did you know that you can save time and money on your prescription drugs by simply signing up for a discount card online? With savings as much as 80% off, these discount cards keep your health care costs down even when the prices of prescriptions are sharply rising.  At no cost to the patient, discount … Continued

Grandmothers Can Visit a Little Longer | Chicago Benefits Brokers

States that permit carriers to renew medical policies without adopting various Affordable Care Act (ACA) requirements may continue to do so through 2019, according to a bulletin released April 9, 2018, by the U.S. Department of Health and Human Services. The bulletin extends transitional relief for non-ACA-compliant policies for another year. The affected category of … Continued

Higher Satisfaction Through Higher Education | Chicago Benefit Advisors

When evaluating employee benefits, essentials such as health and dental plans, vacation time and 401(k) contributions quickly come to mind. Another benefit employers should consider involves subsidizing learning as well as ambitions. Grants and reimbursements toward advanced degrees and continuing education can be a smart investment for both employers and employees.Educational benefits are strongly linked … Continued

Price Shopping Healthcare | Chicago Benefits Brokers

As the costs of health care soar, many consumers are looking for ways to control their medical spending. Also, with the rise of enrollment in high deductible health plans, consumers are paying for more health care out-of-pocket. From medical savings accounts to discount plans for prescriptions, patients are growing increasingly conscious of prices for their … Continued

DOL Fiduciary Rule Overturned | Illinois Benefit Brokers

In its March 15, 2018, decision, the U.S. Court of Appeals for the Fifth Circuit overturned the U.S. Department of Labor’s (DOL) Fiduciary Rule that expanded the definition of an investment advice fiduciary under the federal Employee Retirement Income Security Act (ERISA). Under the Fiduciary Rule, investment brokers were going to be required to put … Continued

Electronic Delivery of ERISA Notices | Chicago Benefits Advisors

Q. Can we provide summary plan descriptions (SPDs) electronically?A. Yes. However, just sending them is not enough to meet ERISA requirements; you must ensure the intended recipients are actually getting them.Specifically, ERISA requires SPDs to be furnished using “measures reasonably calculated to ensure actual receipt of the material” via “methods likely to result in full … Continued

Quick Look: Medical Savings Accounts | Illinois Employee Benefits

Check out this infographic to learn all about medical savings accounts and how you can save money using them!

Here’s Where #FOMO Is Doing You a Disservice | Chicago Employee Benefits

Fear of missing out—is more than just a hashtag. Many Millennials admit that #FOMO drives a lot of their decisions on what they wear, what they do, even what they eat and drink. We live in a world of social influence.But one area where #FOMO really does you a disservice? No one is afraid of … Continued

All About Medical Savings Accounts | Illinois Employee Benefits Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through … Continued

IRS Releases New Form W-4 and Updates Withholding Calculator | Chicago Benefit Advisors

Our February 6 blog post on the February release of the Form W-4 and guidance on the income withholding rules that changed under the Tax Cuts and Jobs Act. On February 28, 2018, the federal Internal Revenue Service (IRS) released the new 2018 Form W-4 and an updated withholding calculator.Why a Withholding Calculator?The IRS encourages … Continued