March 2021 As a business owner, selecting a health plan can be difficult. How much should the in-network deductible be? In California and across the country, what plans are businesses in my industry choosing for their employee benefits? How much are other businesses spending per employee? Luckily, United Benefit Advisors (UBA) has gone to great […]

By Morgan Carpenter January 2021 If you have looked at insurance plans before, it is likely you have stumbled upon these acronyms at one time or another. But what exactly are HSAs, HRAs, and FSAs? While the letters differ, they all are ways to cover health expenses. Below, we will outline the major similarities and […]

By Morgan Carpenter December 2020 According to Fidelity, this year the average couple needs $295,000 for medical expenses after the age of 65. As that number sinks in, people tend to respond with, “Well, Medicare will cover that, right?” While Medicare covers many health care expenses, it does not cover everything. Even on Medicare, people […]

One of the most important financial and personnel-related decisions you can make for your startup is deciding on which health insurance plans to offer your employees. Throughout the Bay Area and Silicon Valley, COVID-19 has made many startups reevaluate their choice of health plans. Not to mention that investors may be looking for ways to […]

By Dillon Castro The New Normal During the time of consistent economic growth and low unemployment that we’ve experienced for most of the last decade, businesses have experienced unprecedented success. Unfortunately, rapid growth and prosperity in business can often cause inefficiencies to go unchecked. When times are good these issues may seem trivial or benign… […]

Since the Affordable Care Act (ACA) began to truly take affect (and in some cases well before) small to mid-size employers here throughout the San Francisco Bay Area and California at large have had challenges trying to control one of their biggest expenses outside of payroll: their health plan costs. Seemingly every year costs increase […]

Next time you receive a bill from a physician or a hospital, you may want to compare it with an Explanation of Benefits (EOB). As the insurer Cigna states, an EOB is “a statement from your health insurance plan describing what costs it will cover for medical care or products you’ve received.” While they may […]

The Centers for Medicare and Medicaid Services (CMS) published its final rule and fact sheet for benefit payment and parameters for 2020. Although the final rule primarily affects the individual market and the Exchanges, the final rule addresses the following topics that may impact employer-sponsored group health plans: The 2020 maximum annual limitation on cost sharing is $8,150 for […]

Question: Our company offers group medical and dental plans for all employees. We also have an executive-only medical plan that covers out-of-pocket expenses that the regular group plan does not pay. Does COBRA apply to the executive-only plan? Do we have to include it in our summary plan description (SPD)? Answer: The coverage continuation requirements of the […]

On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered […]