Blog - Beckham Insurance Group

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SECURE Act 2.0: Automatic Enrollment in Retirement Plans

June 23, 2022/in Uncategorized /by clickgiant

In March 2022 in a vote of 441 to 5, the House overwhelmingly approved SECURE Act 2.0, a new-and-improved version of the original SECURE bill passed into law in December of 2019.

Woman doing research on her laptop for ACA Pay or Play penalties.

ACA: Pay or Play Employer Shared Responsibility Penalties

June 23, 2022/in Uncategorized /by clickgiant

According to the Affordable Care Act (ACA), any applicable large employer is required to offer affordable, minimum value health care coverage options to all of their full-time employees and their dependents. In the case that these large employers fail to offer appropriate healthcare options to their qualifying staff, they face penalties under the employer shared responsibility or “pay or play” rules.

How to Read Your Medical Bills

May 16, 2022/in Uncategorized /by clickgiant

Medical bills can seem very complicated and overwhelming. They’re low on details and full of technical jargon so you never quite know what you’re looking at.

ACA Overview: Prohibition on Rescission of Coverage

May 12, 2022/in Uncategorized /by clickgiant

The Affordable Care Act (ACA) sets many rules and regulations in place to protect individuals covered under healthcare plans. One of the many ways it does this is by preventing insurance providers from stripping coverage from individuals after they’ve already received the coverage. This act, known as rescission, can cost individuals greatly if it’s not kept in check.

What Does Disability Insurance Cover?

May 9, 2022/in Uncategorized /by clickgiant

One of the most powerful fears modern people face is finding themselves unable to work and provide for their families. If a disability or debilitating illness prevents a person from working, they won’t be able to go to work as normal and continue bringing in their paychecks. To combat this, special aid systems like disability insurance have been put into place to help supplement a person’s income if they are no longer able to work.

2021 KFF Employer Health Benefits Survey

April 18, 2022/in Uncategorized /by clickgiant

The Kaiser Family Foundation (KFF) annual employer health benefits survey provides individuals and companies with a detailed insight into modern trends in employer health benefits. This survey of non-federal and public firms covers a wide range of health-related topics including premiums, self-funded contributions, cost-sharing provisions, offer rates, wellness programs, and employer practices.

Does South Carolina Tax Social Security Benefits?

April 11, 2022/in Uncategorized /by clickgiant

South Carolina is a very popular state amongst the retirement community for a great number of reasons. The state has quality healthcare options, scenic views, outdoor recreation, and mild weather. But one of the biggest draws South Carolina has is its low taxes–both on property and in the various deductions and exemptions. But what about taxes on social security benefits?

What Happens to Your Flexible Spending Account After Job Loss

April 4, 2022/in Uncategorized /by clickgiant

The cost of healthcare is constantly rising, so many individuals prepare for potential medical expenses by contributing to job-related FSA accounts. But what happens to the money you contribute to an FSA if you leave or lose your job? You definitely don’t want to lose the hundreds or even thousands of dollars you’ve contributed, so to better where that money goes when you no longer work for your employer, let’s take a closer look at FSAs, COBRA coverage, and ways you can use your FSA money before you lose it.

South Carolina Medicaid Eligibility

March 21, 2022/in Uncategorized /by clickgiant

Healthcare is an incredibly costly, yet vital expense for individuals all around the world, especially because everyone faces medical problems at some point or another in their lifetime. Some people are fortunate enough to be able to afford those associated doctor’s bills, prescriptions, surgeries, and hospital stays, but those from lower-income homes may struggle to raise funds.

South Carolina Flexible Spending Account Overview

March 14, 2022/in Uncategorized /by clickgiant

Flexible Spending Accounts are invaluable tools that your employees can use to offset the oftentimes overwhelming and expensive costs of medical care. They provide an additional layer of financial protection for families beyond insurance and a certain peace of mind along with it.