INSURICA Employee Benefits Insights

This year’s open enrollment period presents some unique challenges for employers looking to effectively communicate benefits options to employees. With rising healthcare costs, high inflation, a hybrid workforce split between office and remote settings, and workers facing mounting financial pressures, it is more important than ever for organizations to get open enrollment right.

The Patient Protection and Affordable Care Act (PPACA), commonly known as Obamacare, levies hefty penalties on employers who do not comply with key provisions of the law. Also known as the “pay or play” provision, the employer mandate stipulates that companies with 50 or more full-time equivalent employees must offer a health plan with minimum essential coverage to a minimum of 95% of their full-time workforce and dependents up to age 26. Failure to do so triggers a penalty under Section 4980H(a) of the Internal Revenue Code.

The opioid epidemic continues to ravage communities across America, taking over 41 lives per day and costing billions in lost productivity and increased healthcare expenses. As employers seek solutions to keep their workforce safe and productive, virtual physical therapy has emerged as an innovative approach.

When employees require surgery, the costs to employers can be immense—not only the direct medical bills but also lost productivity from time off work. However, a growing number of employers are realizing that many recommended surgeries may be unnecessary. By offering employees access to second opinion consultations through virtual health partners, employers can enjoy significant savings per avoided surgery while improving worker health outcomes.

As a full-service insurance agency, we are committed to delivering tailored solutions with thoughtful strategic planning, valuable professional services, and technology-based solutions that result in sustained client satisfaction.

We provide solutions for:

Commercial Business | Small Business | Personal Insurance 

Our customers have unparalleled access to unique coverage and risk management programs — all delivered through a local agent relationship.