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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

  • How does the QSEHRA work with Medicare?

    The qualified small employer health reimbursement arrangement (QSEHRA) is a popular health benefits solution for small businesses. Not only does the QSEHRA allow small businesses to set their own budgets, but it supports employee choice as well.

    With a monthly allowance of tax-free money, employees are free to receive reimbursement for a wide variety of health care expenses, including premiums for the insurance policy of their choice.

    Most employees will seek coverage through the individual insurance market or through a spouse’s company-sponsored policy. Some employees have different sources of coverage though, including Medicare.

    In this post, we’ll clarify how the QSEHRA works for employees who have Medicare in any form.

  • House passes two bills expanding personalized health benefits

    The personalized health benefits category is poised for even greater growth as Congress considers two bills aimed at expanding certain benefits.

    The House of Representatives passed H.R. 6199 and H.R. 6311, and now the bills head to the Senate for consideration.

    The bills contain provisions that would expand how a person can contribute to and use a variety of personalized health benefits vehicles, including health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs).

    While the bills’ eventual passage is uncertain, their success so far is yet another move toward the personalization of health benefits—a decades-long shift leading to better benefits outcomes for small businesses and their employees.

    In this post, we’ll examine the bills and their provisions in the context of the personalized benefits movement. We’ll also share how you can get involved, and where we believe health benefits are headed in the future.

  • What are the W-2 requirements for a QSEHRA?

    When the 21st Century Cures Act introduced the qualified small employer health reimbursement arrangement (QSEHRA) in 2017, many small businesses raised questions about the new benefit’s taxation.

  • What are my employer health insurance requirements as a small business in 2018?

    As the Trump administration continues to scale back the Affordable Care Act (ACA), many small businesses have raised questions about which portions of the law are still in effect in 2018.

    In large part, small business health benefits requirements are the same in 2018 as they were in 2017. Small businesses are still not required to offer group health insurance, and they still have several options for compliantly providing health benefits to their employees.

    In this post, we’ll go over what you need to know to comply with the ACA in 2018. We’ll also discuss benefits options for small businesses that are compliant both this year and in coming years.

  • Wall Street Journal editorial advocates personalized health benefits

    Two prominent health care policy leaders wrote in a Wall Street Journal editorial this month that personalized health benefits, including health reimbursement arrangements (HRAs), could "save American health care."

    We agree.

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