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Watch Roscoe on the Wealth Channel

Listen to Roscoe in an emotional Video for the Wealth Channel where he discusses the moral issues surrounding Persistent Vegetative States. Roscoe Douglas CLU, RHU, is a Partner with UnionServices.com and Presdent of First Benefits, inc.

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Insurance News

  • The CARES Act effect on HRAs, HSAs, and FSAs

    What is the CARES Act?

    The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a bill passed by the U.S. federal government on March 27, 2020. The purpose of the act is to address certain issues pertaining to the Coronavirus and the U.S. economy.

  • How the QSEHRA works for spouses

    One advantage of the qualified small employer health reimbursement arrangement (QSEHRA) is that employee spouses can receive value from the benefit, regardless of their situation.

    Though spouses don’t receive their own monthly allowance amount, they can submit their personal expenses for reimbursement through the employee’s allowance. Spouses also qualify for the QSEHRA’s tax benefits as long as they’re covered under a major medical policy.

    There are rules that apply to spousal reimbursement, though. In this post, we’ll explore how the QSEHRA works for spouses and how businesses, their employees, and employee spouses can stay in compliance when using the benefit.

  • 6 Answers to Common HSA Questions

    If you have questions about the regulations behind your health savings account (HSA), you are not alone. There is quite a bit of confusion regarding contribution and distribution rules for HSAs—and understandably so. Healthcare regulations change frequently, and it can be difficult to keep the details straight. Here is what you need to know about current HSA regulations.

  • Is a health reimbursement arrangement a good fit for my organization?

    Are you looking into offering health benefits and want to figure out an affordable solution? Or do you already offer benefits, and you’re looking into alternative options? In either case, a Health Reimbursement Arrangement (HRA) may be a great fit for your organization. 

  • Group Health Plan vs. Group Health Insurance Plan

    The terms 'group health plan' and 'group health insurance plan' are often used interchangeably, but in fact, they mean different things. This article provides the definitions of a group health plan vs. a group health insurance plan.

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