A medical captive is a type of insurance arrangement that allows businesses and employers to self-insure their health care costs. This means the company will assume financial responsibility for any medical expenses, rather than purchase coverage from a traditional insurer. It also means they can take advantage of potential cost savings by controlling how their healthcare dollars are spent.… Read More
The Affordable Care Act, also known as Obamacare, was one of the biggest healthcare overhauls in recent history. It aimed to provide affordable health insurance coverage for all Americans. After several failed attempts to repeal the act, it seems that ACA is here to stay. … Read More
What is Open Enrollment?
Open enrollment is the one period of the year where employees can sign up for health insurance or change a health insurance plan provided by the employer. Remember that this period also allows employees to disenroll in health insurance if they no longer wish to have coverage. … Read More
At Innovative HIA, we pride ourselves on offering:
Affordable Benefits
ACA Compliance, and
Exceptional Service
Today, we’d like to chat a bit more about the third element—the exceptional service we provide—and why Innovative HIA is, therefore, the gold standard of customer service for Minor Medical insurance providers.… Read More
Exercise
Consistent exercise creates long-lasting health benefits. Promoting regular exercise improves heart health, lowers cholesterol, increases brain function, reduces cancer risk, lowers stress, improves sleep and so much more.
All of these come together to facilitate a more productive lifestyle and work environment because your team is more capable of managing their stress and responsibilities.… Read More
School is back in session!
As a parent, we’re sure you’re excited that the summer chaos, coordinating camps and activities, and simply having your children around 24/7 have ended!
As you know, going back to school typically means your child gets sick more frequently.… Read More
While all organizations are susceptible to receiving IRS penalties, some industries are particularly vulnerable. These industries include home healthcare, staffing, restaurant, and construction industries.
Why are these industries under fire from the IRS? Let’s take a look.
These Industries Typically Have a High Number of Hourly Workers
Home healthcare, staffing, restaurant, and construction industries have a high percentage of hourly workers with varying schedules.… Read More
During the COVID-19 pandemic, telehealth services, such as Zoom diagnoses, became a necessity. These phone and video calls help patients protect themselves and others by quarantining and remaining safely in their homes.
However, after years of visiting healthcare professionals in person, many patients can’t help but ask the question: Can a doctor really diagnose over Zoom?… Read More
All applicable large employers (ALEs) must comply with the Affordable Care Act (ACA), which requires employers to offer minimum essential coverage to all employees.
If an employer does not comply with this employee coverage requirement could lead to penalties for the employer and potentially an IRS audit.… Read More
A study found that 70% of people don’t feel valued by their workplace. In that same study, 25% of people believed that their productivity at work would improve if they received employee benefits. When you show your employees you value their hard work, they will be more likely to strive to perform better.… Read More