BBG Two Minute Blog
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...
Medicare and Employer-based Coverage
When you have both Medicare and employer-based coverage, Medicare will either pay primary or secondary for your medical costs. When Medicare is primary insurance, Medicare pays for your medical bills first. When Medicare is the secondary insurance, Medicare pays...
Unexpected Medicare Penalties and Income-Related Adjustments: Can You Appeal? How?
Medicare can be confusing and lead to unexpected costs. This is especially true if you’re not informed on the front end when you first become eligible for Medicare; or, if you delay enrollment, when you enroll that first time. The three most common surprise-cost...
Medicare Basics: 5 Things to Know About Medicare Part A
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 A: #1 Part A is one of two parts of what is considered “Original Medicare”. (Part B is the other). #2 Most people don’t...
FSA and HSA Contribution Limits for 2020
Every year the Internal Revenue Service (IRS) announces new contribution limits for tax-advantaged accounts. Many of these accounts are indexed for inflation so the limits rise year over year. This article is geared at educating you about the new contribution limits...
2020 Medicare Part B Monthly Premium and Income-Related Monthly Adjustment Amounts
On Friday Medicare announced the Part B rates that most Medicare enrollees will be responsible for paying in 2020. Effective January 1, 2020 the standard monthly premium for Medicare Part B enrollees will be $144.60. This represents an increase of $9.10 from the...
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