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Relaxed Insurance Eligibility Requirements and Extended Relief Period

The unpredictability of the current COVID-19 situation is complex, and Brooks Financial Group (BFG) understands how stressful that can be during these difficult times. Many employers are faced with limiting hours and furloughing employees. The insurance carriers want to remain flexible and accommodating. As such, many insurance carriers are relaxing eligibility requirements during this crisis and are establishing an extended relief period until May 31, 2020.

Carefirst COVID-19 Information

March 26, 2020

In addition to directly impacting the health and safety of thousands, the COVID-19 outbreak is contributing to widespread interruption and loss of income for individuals and businesses across the country. During this challenging time, CareFirst is committed to ensuring that our members’ policies are not cancelled for nonpayment of premium and there is flexibility in eligibility requirements in order to reduce barriers to care.

Benefit Notices Electronic Distribution Guidelines


Do you use electronic media to send employee benefit plan notices, including health plan notices, required SOBCs, ACA Exchange Notices, etc.?

Did you know that the Department of Labor (DOL) has regulations under which employers may use electronic means to distribute certain documents to employees?

2020 ACA To-Do Lists for Fully Insured Plans

As part of our continued due diligence to assuring your benefit plans and processes are compliant, the 2020 ACA To-Do List for Small Fully Insured Plans and the 2020 ACA To-Do List for Large Fully Insured Plans summarize the key requirements that apply to small or large fully insured health plans.

BFG Benefits Brief and HR Newsletter - January 2020

Upcoming Group Health Plan Compliance Dates

Flag photoEmployers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans.

BFG Benefits Brief and HR Newsletter - August 2019

Executive Order on Health Costs to Affect Employer Health Plans

Flag USPresident Donald Trump recently signed an executive order aimed at improving price and quality transparency in health care.

BFG Benefits Brief and HR Newsletter - July 2019

IRS Releases Inflation-adjusted Limits for HSAs and HDHPs for 2020

medical costsOn May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savin

Retirement Confidence Increases for Workers and Retirees

The 29th annual Retirement Confidence Survey (RCS), conducted by the Employee Benefit Research Institute (EBRI) in 2019, found that two-thirds of U.S. workers (67%) are confident in their ability to live comfortably throughout their retirement years (up from 64% in 2018). Worker confidence now matches levels reported in 2007 — before the 2008 financial crisis.

The Future of Social Security and Medicare: Here's What Trustees Are Projecting

Most Americans will eventually receive Social Security and Medicare benefits. Each year, the Trustees of the Social Security and Medicare Trust Funds release lengthy reports to Congress that assess the health of these important programs. The newest reports, released on April 22, 2019, discuss the current financial condition and ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment (COLA) for 2020.