What Are Some Pros & Cons of HIPAA? | PA Benefit Advisors

Congress approved the Health Insurance Portability and Accountability Act (HIPAA) to guard the privacy of personal medical information, and to give individuals the right to keep their health insurance coverage for pre-existing conditions in place even if they change jobs. The law has done this, providing important safeguards for patients. But it has also increased … Continued

Employer Strategies for Managing Prescription Drug Costs | PA Benefit Advisors

Modern medicines have resulted in longer, more productive lives for many of us. Prescription drugs soothe sore muscles after a strenuous workout or manage the conditions of a chronic disease. Unfortunately, this use of prescriptions drugs can come with a hefty price tag.Americans are spending more money on prescription drugs than ever before and the … Continued

5 Things Millennials Need to Know About Life Insurance | PA Benefit Advisors

Being catapulted into the adult world is a shock to the system, regardless of how prepared you think you are. And these days, it’s more complicated than ever, with internet access and mobile devices being must-have utilities and navigating tax forms when they aren’t as “EZ” as they used to be.Maybe you’re still living with … Continued

Small Employers Ask about Form 5500 | PA Benefit Advisors

UBA’s compliance team leverages the collective expertise of its independent partner firms to advise 36,000 employers and their 5 million employees. Lately, a common question from employers is: If a health and welfare benefit plan has fewer than 100 participants, then does it need to file a Form 5500?If a plan is self-funded and uses … Continued

Extension of Maximum COBRA Coverage Period | PA Benefit Advisors

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires employers to offer covered employees who lose their health benefits due to a qualifying event to continue group health benefits for a limited time at the employee’s own cost. The length of the COBRA coverage period depends on the qualifying event and is usually 18 … Continued

How to Be a Magnetic Organization | PA Benefit Advisors

When we hear something’s magnetic, it’s likely the first thought that comes to mind is attraction. By definition, a magnetic force is the attraction or repulsion that arises between electrically charged particles because of their motion. What perfect framing for an organization – the desire to attract (or repel) people to help advance your organization. … Continued

Top Misconceptions about Long Term Care Insurance | PA Benefit Advisors

In conversations with HR professionals and benefit brokers, we find that the topic of long-term care insurance (LTCi) is often covered in less than two minutes during renewal meetings. When I ask why the topic of conversation is so short, they tell me, “Employees just aren’t asking about it, so they must not be interested.”If … Continued

Cobra Notices | PA Benefit Advisors

COBRA NoticesThe Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires group health plans to provide notices to covered employees and their families explaining their COBRA rights when certain events occur. The various notices described below are subject to different timeframes and requirements under COBRA.Initial NoticeThe initial notice, also referred to as the general notice, … Continued

 

Megro Benefits Company

One W. First Ave.
Suite 305
Conshohocken, PA 19428
610-567-0175
800-527-3615

Email Us