BBG Two Minute Blog
Do I need to enroll in Medicare if I plan to work past 65?
Medicare and Working Past 65 – The bbg65Plus Rules of the Road 1.) IF YOU ARE COVERED BY AN EMPLOYER-SPONSORED HEALTH PLAN, BECOMING ELIGIBLE FOR MEDICARE AT AGE 65 MAY NOT MEAN THAT YOU ARE REQUIRED TO ENROLL IN MEDICARE AT AGE 65. SEVERAL FACTORS DICTATE WHETHER...
Shopping for Small Group Rates
Challenges An employer with 16 employees on their medical plan received a rate increase, this time for 7%. This increase did not seem overwhelming, but the group was not taken to market for 3 years, and the increases over that time were consistent.Solution BBG...
Small Group ICHRA Case Study
Challenges A 37 eligible life employer with 25 employees on their plan recently experienced another medical insurance increase that pushed their rates to a tipping point, becoming unsustainable for the company. This escalation in costs was a concern for both...
ICHRA Case Study
Challenges Not all employers face out-of-control healthcare costs, but it can happen to any company relatively quickly. A 200 eligible life employer with 125 employees on the plan received a 20% medical insurance increase and were left with what seemed like no options...
2023 SharedFunding Case Study
Challenges A 100 eligible life employer with 70 employees on the plan received a 14% medical insurance increase and were left with what seemed like no options to curb costs. The group provided BBG with a simple census, and their renewal packet and we prepared a...
Building a Solid Benefits Program Foundation with BBG
When launching any company-led initiative, having a solid foundation is essential. For employee benefits, it's logical to turn to a company with a mastery of services and offerings that every employer has come to expect. BBG is the employee benefits broker you can...
Navigating the Complex World of Group Health Plans
In the complex world of group health plans, employers often find themselves navigating a web of requirements and pressures. One such requirement is the concept of minimum participation, which can pose significant challenges for businesses striving to provide...
Beyond the “3Rs”
In the world of education, when things get overly complicated and confusing to many, it leads to a reaction where there is a call to return to the “3Rs” (reading, writing, and arithmetic). The same thing happens in the employee benefits/health insurance world. But,...
Big Jump in 2023 HSA Contribution Limits
Every year the Internal Revenue Service (IRS) decides if there will be an increase in Health Savings Account (HSA) contribution limits, minimum deductibles, and maximum out-of-pocket amounts. The IRS has released the 2023 inflation-adjusted HSA contribution limits. ...
Want to Learn More?
Let us know how we can help.
Ohio
Florida
805 E. Bloomingdale Ave #777
Brandon, FL 33511
Pennsylvania
Contact Us
Toll Free: 866-845-8600
Fax: 866-539-5643
email: info@bbginc.net