Creative Benefits, Inc. has appeared once again on the Philadelphia Business Journal’s Top Women-Owned Businesses in Greater Philadelphia list. The list is ranked based upon 2021 revenue, and it contains contact information, locations, and number of employees for the included 100 companies. This is the second time Creative Benefits has …
Group health plan sponsors must disclose to individuals eligible for Medicare Part D and to the Centers for Medicare and Medicaid (CMS) whether the health plan’s prescription drug coverage is creditable or non-creditable. The annual disclosure must be provided to Medicare-eligible individuals before October 15, 2022. After employers determine whether …
The Philadelphia Business Journal named Creative Benefits, Inc. as a top Employee Benefit Consultant firm, ranking 9th on their published list. The list is ranked by the number of local employee benefit consultant professionals, and it contains contact information, locations, and the number of employees for the 25 ranked firms. Creative Benefits, Inc. is …
In order to make informed benefit decisions, you need to understand each of your options. Some plans will require referrals, a primary care physician (PCP), or include a specific network of providers. Understanding what a plan offers will allow you to use your benefit to its fullest capacity. Health …
The Food and Drug Administration (FDA) authorized Moderna and Pfizer-BioNTech COVID-19 booster shots, targeting Omicron subvariants BA.4 and BA.5. The Centers for Disease Control and Prevention (CDC) determined that 90% of all new COVID-19 cases in the United States is from the BA.5 strain. This is the first time the …
September is Healthy Aging Month is celebrating its 30th anniversary. The observance highlights the positive aspects and facets of growing older with the goal of inspiring individuals to be responsible for their own wellness. Created in 1992 by Carolyn Worthington, the observance has gleaned more interest as aging and wellness …
The Inflation Reduction Act was signed into law by President Biden on August 16, 2022. The primary function of the law is to combat inflation and reduce carbon emissions; however, the law contains reforms that will affect health coverage. Medicare Changes Most of the health reforms in the Inflation Reduction …
For the second year in a row, Creative Benefits, Inc. has been awarded by the Philadelphia Inquirer as a Top Workplace. We owe this recognition to our employees, whose positive feedback through the Energage, LLC survey earned us a place on this list. The survey responses were submitted anonymously and …
After more than two years of the COVID-19 pandemic, new guidance has been released by the Centers for Disease Control and Prevention (CDC), easing or ending several recommendations. The CDC claims that the vast majority of the U.S. population has gained some COVID-19 protection through previous infection, vaccination, or a …
Revenue Procedure (Rev. Proc.) 2022-34 was released on August 1, 2022, by the IRS. This documents the contribution percentages for 2023 in order to determine the affordability of an employer’s plan under the Affordable Care Act (ACA). Shared responsibility, or pay or play rules, require applicable large employers (ALEs) to …
The Department of Labor (DOL), Department of Health and Human Services (HHS), and the Treasury Departments issued frequently asked questions (FAQs) in relation to the contraceptive coverage mandate under the Affordable Care Act (ACA). Non-grandfathered plans, under the ACA, are required to cover specific women’s preventative health services without cost …
Gen Z is now the largest group entering the workforce, and their health care desires differ from previous generations. For perspective, there are approximately 65 million American Gen Zers, those born between 1997 and 2012. By 2030, they will account for 30% of the workforce. As this generation begins their …
As an employer choosing which health plan to offer, many considerations must be taken. In a perfect world, an employer chooses a plan that keeps costs down but also fits employees’ needs, boosting overall satisfaction and retainment. However, finding that perfect combination isn’t always easy when there are so many …
The Consolidated Appropriations Act, 2021 (CAA) requires health insurance brokers and consultants to disclose any compensation they may receive for service referrals to ERISA-covered group health plan sponsors. All types of health insurance plans are affected by the CCA. These plans include individual and family plans, small and large group …
The Great Resignation and the COVID-19 pandemic highlighted the importance of employee perks and benefits. In especially trying times, employees fixated on health, financial security, and the work-life balance. Employees who found these areas lacking left their workplaces in favor of those with better wages and benefits. According to a …
