How to Read an SBC

How to Read a Summary of Benefits and Coverage (SBC) Employers and employees may find an instance in which they need to locate their Summary of Benefits and Coverage (SBC) from their health insurance plan. Once it has been located, it can, at first, seem like a lot of information…
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Health Benefits Terminology… Explained!

Deductible… coinsurance… out-of-pocket. What do these terms mean? More importantly, how do these terms impact what you’ll pay for health care? To understand how your insurance company covers your claims and determine what you will owe to your healthcare provider, it can be helpful to first understand these terms. Health Insurance:…
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Review your insurance invoices

Any time your organization has new hires, terminations, employee life event changes, or if you’ve just completed open enrollment, get in the habit of reviewing your invoices from your insurance carriers. You’ll want to compare your insurance carrier invoices against the recent changes to make sure you are being invoiced…
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Acumen’s Buy 319 Pledge

Local Lights up the Skyline- Acumen Taps into Local to Brand Big   Reimagine. Educate. Empower. Three words local employee benefits consulting firm Acumen has built their business structure around, not only for their clients, but for their vision in supporting the community they’ve grown in. “When we got the…
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Welcome, Joe Engel!

Acumen is pleased to welcome Joe Engel to our team! Joe has over 20 years of experience in insurance, Medicare, and employee benefits. Most recently, he was responsible for Midwest Medicare Advantage and Medicare Supplement distribution for a national insurance carrier. Joe will serve as an Advisor, specializing in the…
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Reconciling Your Insurance Invoices

You’ve successfully completed your annual open enrollment and you receive a carrier invoice. Now what? It’s time to reconcile your invoice to your payroll deductions. This is a critical step and one you should do monthly to ensure employees are enrolled in the correct insurance plans and you are paying…
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Webinar: Workplace Wellness

Do workplace wellness programs work? Do they lower healthcare costs? Which strategies motivate employees to participate? We brought in our resident expert on workplace wellness, Maria Drees, to answer these questions during our November webinar: Workplace Wellness: Strategies to promote health and wellness at the workplace. Our presentation was centered…
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Review Your Insurance Invoices

Any time your organization has new hires, terminations, employee life event changes, or if you’ve just completed open enrollment, get in the habit of reviewing your invoices from your insurance carriers. You’ll want to compare your insurance carrier invoices against the recent changes to make sure you are being invoiced…
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Webinar: All Things COBRA

During our September 2020 webinar, we talked about All Things COBRA. COBRA (The Consolidated Omnibus Budget Reconciliation Act) requires employers to offer a continuation of group health benefits when a qualified event occurs (such as job loss) for qualified beneficiaries (such as workers and their families). While it can be…
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Webinar: An Employer’s Guide to HSAs

What is an HSA? Health Savings Accounts can be complex for employers and employees. Our July 2020 installment of the acumen Webinar Series explained the HSA to make it easier for employers to administer these plans. Our discussion items included: Eligibility and Participation Contributions HSA administration CARES Act Updates If…
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