BBG Two Minute Blog
With Covid Relief Flexible Spending Accounts (FSAs) Are Now A Lot More Flexible
The recent changes allow employers help employees by increasing carryover amounts, extending grace periods, allowing election changes without regard to change in status rules, and permitting termed participants to receive reimbursements from unused contributions after termination.
2021 Medicare Part B Monthly Premium and Income-Related Monthly Adjustment Amounts
The standard monthly premium for Medicare Part B enrollees will be $148.50 for 2021, an increase of $3.90 from $144.60 in 2020.
HSA Contribution Limits for 2021
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 2021 HSA contribution limits. If you are on an...
Medicare Basics: 5 Things to Know about Medicare Part B (Second in a Series)
There are four basic parts of Medicare: A, B, C, and D. Each part helps pay for certain medical services. Here are 5 things to know about Part B: #1 Part B is the second of two parts of what is considered “Original Medicare”. (Part A is the other). #2 Most...
How is Open Enrollment Different During a Pandemic?
We’ve received a lot of comments from clients who are concerned about changing carriers during a pandemic. We completely understand this concern and have addressed it with clients directly. However, we wanted to also address it here in a blog post. How is Open...
In Light of the COVID-19 Pandemic, the IRS Announces Mid-Year Plan Changes are Allowed to FSA Elections
The IRS Announces New Guidelines for 2020 You can read all about the new IRS guidelines regarding mid-year changes to health and dependent care Flex Spending Accounts (FSAs) here. Additionally, we'll break it down as to what it means for you and your employees who've...
COVID-19 ACCELERATES USE OF VIRTUAL HEALTHCARE: WILL THIS GENIE EVER GO BACK IN THE BOTTLE?
Until now, virtual healthcare could still be described as something of a novelty utilized by "early adopters" like those consumers that traditionally are the first to use a new technology. I bet, until now, if you asked a healthcare expert about when virtual...
How to Enroll in Medicare During the Corona Virus Emergency
Here are the latest Medicare Enrollment postings to the Social Security & Coronavirus Disease (COVID-19) website: Can I enroll in Medicare? Date: April 14, 2020 If you already have Medicare Part A and wish to sign up for...
Seven Tips on Working from Home
BBG has a long history of many of its employees working from home. Recently, the rest of the team has joined in this practice. As a result, some of the newbie home workers needed tips from our more veteran home workers! This blog post is a compilation of advice from...
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