With costs rising yearly, it’s becoming increasingly difficult for everyday people to pay for their annual medical expenses. In addition to increasing health insurance premiums, the costs for the actual medical expenses that people are forced to pay out of pocket are also growing. To help offset some of these costs, the IRS has created […]
In recent years, the IRS has made available tax-advantaged savings accounts specifically designed to pay for out-of-pocket medical expenses. With healthcare costs rising across the country—and with high-deductible health plans becoming the norm increasingly—the federal government has been trying to encourage people to set money aside to pay for medical costs. One of those accounts […]
Health insurance costs are rising yearly, creating significant challenges for individuals and employers who provide health coverage to their workers. With no control over where health insurance costs will go in the future, employers are turning to alternative options to keep these expenses lower. Two major alternative options today are health insurance captives and consortiums. […]
The Affordable Care Act first went into effect in 2010. Five years later, the Employer Mandate—known officially as the Employer Shared Responsibility Provisions, or ESRPs—took effect. In essence, the Employer Mandate is a list of provisions that large employers must abide by regarding offering health insurance to their employees. If they fail to meet these […]
The proliferation of high deductible health plans has sharply increased employees’ costs for their health care. In response, the federal government has created multiple tax-advantaged accounts to pay for medical expenses. One such account is called a Flexible Spending Account (FSA). Employees can set up these accounts with their employer, allowing them to pay qualifying […]
Health insurance is commonplace among Americans, but how many people understand their coverage? The answer, unfortunately, is probably not many. Every year, Americans have a choice about what type of health coverage they wish to purchase during open enrollment. However, selecting which plan is best for you can be challenging if you don’t understand essential […]
Health Reimbursement Accounts, or HRAs, are a great tool that people can use to reimburse themselves for expenses related to dental and healthcare. However, not all expenses are eligible for reimbursement.
When the Affordable Care Act was enacted in 2010, group health plan coverage changed dramatically. The act changed how people had access to healthcare in the U.S. and also put new requirements on businesses that employ workers.
Many workers nationwide use employer-sponsored retirement plans to help them stash money away when they’re no longer working. These retirement plans have many benefits, including potential employer matching funds and tax advantages.
2023 is here, and with the new year comes new health insurance requirements from The Department of Labor (DOL). This year, all group health plans and insurance issuers must provide internet-based price comparison tools. Beginning on January 1, these price comparison tools are required—no exceptions—and must be available for all 2023 group health plans. For […]
Need an Individual Health
Insurance Quote?
Click here
A Division of Patriot Growth Insurance Services, LLC
Charleston Office
802 Coleman Blvd, Suite 101
Mount Pleasant, SC 29464
Map | 843-766-3393
Greenville Office
220 North Main Street
Greenville, SC 29601
Map | 843-819-0908
Georgia Office
301 Sea Island Rd, Suite 6
St. Simons Island, GA 31522
Map | 843-766-3393
Check us out on LinkedIn
BlueCross BlueShield of South Carolina is an independent licensee of the Blue Cross and Blue Shield Association.
Beckham Insurance Group is an authorized agent for Blue Cross Blue Shield of South Carolina.
© Copyright 2021 Beckham Insurance Group | Privacy Policy Do Not Sell | Powered by: ClickGiant