An HSA, or Health Savings Account, is a specific type of personal savings accounts individuals typically have access to through their workplace’s insurance plans. It’s a savings type that allows you to set tax-free money aside to use as you need it to cover medical and health-related expenses like deductibles, copayments, coinsurance, and much more.
Supplemental insurance policy types are very attractive to employees for many different reasons, but are the added expenses and benefits worth it for your company? For some businesses, the answer is no, and for others, it’s a resounding yes.
Creating a healthy workplace environment is essential to maintaining positivity and productivity among your employees. There are many different ways you can foster a healthier work environment including investing in standing desks, recognizing your employees’ accomplishments and rewarding them accordingly, providing a clean and comfortable workspace, fostering good communication, and encouraging the all-important work-life balance. Read more
With the recent overturning of Roe v. Wade, there has been much confusion about employer considerations for coverage of abortion benefits. States now must make their own decisions about the legality of abortions, and until a more definitive idea of where abortion will be legal, where it will be limited, and where it will be totally restricted, it may be difficult to have a clear understanding about how those related decisions affect employer considerations concerning abortion benefits.
Individuals can spend a lot of money on insurance policies and premiums throughout their lives, so it only makes sense that you would try to recover some of that money in tax deductions where possible. At Beckham Insurance Group, one of the most commonly asked questions we hear is, “Are disability insurance premiums tax deductible?”
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.
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.
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.
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.
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.
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802 Coleman Blvd, Suite 101
Mount Pleasant, SC 29464
Map | 843-766-3393
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Greenville, SC 29601
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BlueCross BlueShield of South Carolina is an independent licensee of the Blue Cross and Blue Shield Association.
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