How do HRA, HSA and FSA differ when you’re eligible for Medicare?

Does your health insurance policy include a spending account or reimbursement arrangement from which you can pull funds for out-of-pocket healthcare expenses? If so, you most likely have an HSA, Medical FSA, or an HRA attached to your health plan. Below, we’ve broken down each term to clarify the differences between all three. Health Savings … Continued

Can I Elect Cobra if I am Medicare Eligible?

Recently retired or retiring soon? Deciding what to do with your health insurance coverage can be a challenge, but we’re here to help. The following information is important to consider when planning retirement, and how to insure your healthcare needs. Q. What are my options for healthcare coverage when I retire? A. Your previous employer … Continued

Q&A: Medicare Part D

It is that time of year again for plan sponsors to begin preparing their Medicare Part D notices. Employers with group health plans that provide prescription drug benefits must notify Medicare Part D eligible individuals by October 15th whether the group prescription coverage is at least as good as Medicare Part D coverage. Coverage that … Continued