CU Insurance Solutions is pleased to introduce Pam Huntington as our new Employee Benefits Specialist. Pam comes to our team with more than fifteen years of experience in the health insurance and voluntary benefits field. She has previously worked as an Account Manager at both the health insurance carrier and broker levels. Pam also worked… Read more »
Posts Categorized: Benefits Update
The Maine Bureau of Insurance Approves Health Insurance Association for Maine’s Credit Unions
INSURANCE TRUST 2 Ledgeview Drive Westbrook, ME 04092 MEDIA RELEASE For Immediate Release April 19, 2019 The Maine Bureau of Insurance Approves Health Insurance Association for Maine’s Credit Unions (Westbrook) – On March 29, 2019 the Maine Bureau of Insurance approved a new Multple Employer Welfare Arrangement (MEWA), an association formed to provide a… Read more »
Insurance and Financial Checklist for Soon-to-be and New Parents
By Elizabeth Ingram (who just added child #2) Vice President of People Strategy Finding out you are having a kid, even if planned, is overwhelming. What do you need to have on hand or want? When do you start to prep & who do you turn to for advice? Your family & friends will probably be… Read more »
Providing the Required Employee Benefits Notices to Employees
Open enrollment season is upon us. Employers are required to provide employees with certain benefit notices during this time of year. It is important to know which notices your group is required to provide. For example, the summary of benefits and coverage (SBC) must be provided at open enrollment time. Other notices must be distributed… Read more »
CU Insurance Solutions Partners with ADP to offer Savings on Payroll, Compliance and HR Solutions
Build a stronger credit union with better payroll, compliance and HR solutions. CU Insurance Solutions is excited to partner with ADP to offer credit unions the opportunity to use ADP’s trusted, turnkey solution for payroll, compliance and HR needs at a relationship discount. ADP’s solutions help credit unions to: Manage cash flow with payment… Read more »
Benefits Update – IRS Lowers 2018 HSA Family Contribution Limit
As the result of a provision in H.R. 1 (“Tax Reform”), the IRS now adjusts for inflation using the Chain Weighted CPI method, believed to be a more accurate calculation, keeping in line with cost-of-living. This applies immediately and has impacted family HSA contributions for 2018.
Coming in March, the 3rd Annual Turning 65 Workshop for Employees Age 60+
For the third consecutive year, CU Insurance Solutions is partnering with the Turning 65 Workshop to bring their popular Social Security & Medicare learning program to Maine credit union employees who are closing in on retirement. This fast-paced and engaging 2-hour workshop is designed to build a solid understanding of the basics of these essential… Read more »
Anthem Exits the Individual Insurance Marketplace in Maine, Groups Need Not Worry
We have had a few questions from our Group Employee Benefits clients concerning Anthem Blue Cross Blue Shield’s recent announcement to no longer sell new policies on Maine’s Affordable Care Act health insurance marketplace. To clarify, their decision does not affect our credit union and small business group employee benefits clients. As for the Maine ACA… Read more »
Clarifying the Current State of ACA and Ideas Surrounding Potential Changes
As the healthcare landscape continues to be in flux, CU Insurance Solutions wants to help clarify some of the terminologies that you may see or hear in the news. Obamacare, the Affordable Care Act, and the ACA are all the same law that was signed in 2010. This is currently the law of the land. … Read more »
ACA Update – 1095B Tax Form Deadline
It’s tax time again, and we have received several questions about 1095-B forms.