Questions about your benefits? Contact your HR administrator.

Question of the Week

Question of the Week - Changing Insurance Premiums

Q.- Can we increase the premiums we charge employees for health coverage throughout the year?

1 min read By BAS
Professional business scene — Office Professional — benefits administration context

Q.- Can we increase the premiums we charge employees for health coverage throughout the year?

A.- Probably not. Typically premiums must be set for a 12 month period.

Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.

MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).

This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.

Topics
Question of the Week

Benefits Administration Updates

Receive Benefits Administration Updates from BAS

Practical compliance and administration guidance delivered directly to your inbox. Unsubscribe anytime.