Answers to commonly asked group benefits questions

Article Abstract:

Questions often asked about group benefits pertain to disability income benefits, medical expense coverage, and managed care. Whether disability income is taxed depends on the type of insurance plan: noncontributory, partially contributory, or fully contributory. Employers may allow employees to receive a cash payment instead of medical insurance, but the employer is subject to IRS rules and costs. Types of managed care programs defined include staff-modeled HMOs, group-modeled HMOs, Network-model HMOs, Individual Practice Association, mixed-model HMOs, Exclusive-Provider Organizations, Point-of-Service Plan, and Multiple-Option Plans.

Accident & Health Insurance, Insurance Carriers, Medical Service and Health Insurance, Management, Disability insurance

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Overlooked fringe benefits for small businesses

Article Abstract:

Even small and mid-sized companies can offer a range of relatively low-cost fringe benefits to their employees, usually without incurring a tax burden. Such benefits can include employee discounts on goods or services the company sells, occasional use of office equipment for private purposes, parties or picnics, professional dues or business journal subscriptions, tax-free parking or transit passes, and financial counseling. The fact employees pay no taxes makes these gifts of greater value.

Compensation and benefits, Small business

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Adequacy of financing, managed care coverage under medicare, reimbursement of medicare providers

Article Abstract:

At least three of the four social security trust funds may run out of money in the early 21st century unless benefits are cut or revenue raising measures are taken. Also discussed are the use of managed care plans by medicare recipients and reimbursement guidelines for doctors who do and do not accept medicare patients.

Finance, Insurance, Social security, Medicare

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