Broker Bulletin
Businessolver announcements, information & resources
October 2023
Are You Registered for Our November 2 Think & Clink?
Sign up by October 19 to receive your beverages in time for the event
2024 is just around the corner, which means it’s time to start preparing your clients for success into the new year now. Luckily our November 2 Think & Clink can help you do just that!
If you haven’t already signed up, we’d love for you to join us for our 90-minute roundtable where we’ll taste some fall-inspired brews and bites while arming you with everything you need to know about the latest benefits trends to relay back to your clients. During the session we’ll cover:
- The latest 2023 benefits trends and why your clients should be taking advantage of them
- The role of benefits technology and how it can enable your clients to start building top trends into their benefits strategy
- How Businessolver has incorporated critical benefits trends into our technology and what’s on our product roadmap for next year
Make sure to take our short survey
It will take less than 5 minutes and you will receive a $5 coffee gift card for participating!
Currently at HR Tech? Mark Your Calendar for Our Live Session!
Join us in Vegas Thursday, October 12, 1:30 – 2:30 p.m.
Going to be at HR Tech this week? If you’re interested in learning how AI and empathy are poised to help drive meaningful outcomes and scale personalization across the full employee experience, then our session, Driving Better Health Outcomes with AI and Empathy, is for you! Check out the full description for more information on this exciting session below and don’t forget to swing by Businessolver’s booth #2813 while you’re at the event.
Commuter Benefits Mandates Continue to Expand
More employers will need to find commuter solutions
The State of Illinois is the latest area to mandate commuter benefits for the City of Chicago and many surrounding areas. This is part of a larger trend around the US to require companies to have this option in their benefits line-up. They join the following areas who also have a similar mandate in place:
- Philadelphia
- Seattle
- New York City
- San Francisco Bay Area
- Los Angeles
- Berkeley, & Richmond, CA
- Washington, D.C.
- State of NJ
MyChoice Accounts offers a simple, carded model for commuter benefits alongside our other account administration for FSAs, HSAs, HRAs, and more. Find out how embedding consumer accounts into the enrollment platform creates a simpler and more engaging experience for both the client admin and the member.
What’s New in Compliance?
Medicare Part D Notices of Creditable Coverage deadline approaches
Client employers must keep the October 15 deadline for the Medicare Part D Notices of Creditable/Non-Creditable Coverage in mind as the deadline is rapidly approaching.
Illinois enacts a pre-tax commuter benefit for certain populations
Illinois client employers with offices within certain geographic areas that employ more than 50 employees and are within one mile of a transit service location must begin offering pre-tax commuter benefits effective January 1, 2024. This requirement includes all the City of Chicago, most suburbs, and many other townships.
Check out the bill for more information.
2024 San Francisco Health Care Security Ordinance (HCSO) expenditure rates released
The San Francisco Office of Labor Standards Enforcement has published the 2024 SF HCSO expenditure rate. Client employers with workers in San Francisco must contribute at least the minimum cost per hour towards their employee’s health care. For client employers with more than 100 workers, the expenditure increases to $3.51 (up $0.11, a 3.24% increase from 2023).
Check out this page for a complete list of the expenditures by employer size and the exemption thresholds.
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A Peek at Our Pinnacle Partners
Focusing on all aspects of your clients’ members wellbeing
Cigna Healthcare is a global health service company dedicated to improving the health, well-being, and peace of mind of those we serve. Cigna Healthcare delivers choice, predictability, affordability, and access to quality care through integrated capabilities and connected personalized solutions. Together, Cigna Healthcare and Businessolver are focused on improving the health and well-being of your clients’ employees by making health care simple, affordable, and predictable.
Watch this short clip to learn more about how Cigna can help your clients’ organization improve their customer experience, save money, and improve their employee engagement.
Giving your clients’ employees financial peace of mind; now that’s a sweet treat!
As a leading voluntary benefits insurer, Allstate Benefits is committed to delivering superior products and services with cutting edge technology, exceptional customer service and compassionate claims administration. Together Businessolver and Allstate Benefits enable brokers, employers, and employees to more easily access the Allstate Benefits portfolio of top-rated products. Businessolver’s relationship with Allstate Benefits offers your clients’ employees the right benefits that are customizable while providing quality, affordable major medical or healthcare insurance from a company they trust.
Moment of need meets point of care
CirrusMD provides physician-first care and guidance to enable immediate, high quality virtual care to your clients who want to improve health and reduce costs for their entire population. CirrusMD provides an intelligent, chat-based platform that connects your clients’ employees at their moment of need to the most beneficial point of care — an expert physician. Our trusted doctors deliver Advanced Virtual Primary Care, while our Collaborative Care Platform enables smart care.
Together, CirrusMD and Businessolver help your clients’ employees get access to the care they need, when they need it.
Helping people and families navigate the evolving world of cyber safety
For more than four decades, Norton LifeLock’s experience in cybersecurity has helped people live their digital lives safely. Together, Norton LifeLock and Businessolver help client employees get access to leading identity theft and cybersecurity protection when they need it the most. Norton LifeLock’s innovative benefit plans bring the best of LifeLock identity theft protection and Norton cybersecurity together to help protect an employee’s credit and identity, person information, and connected devices against the myriad of threats to their family’s digital lives.
Resources and Upcoming Events
What’s the ROI on Your Clients’ Benefits Communication?
Are your clients using effective communication strategies to help steer their employees in the right direction? Give them the tools they need for creating a great communication plan by checking out one of our latest blogs below to learn more. .
Right-Fit Insured: Goldilocks or Decision Support?
Every client has different needs, and there’s certainly no “one size fits all” approach to their benefits strategies. But personalization and decision support tools can help guide your clients in the right direction to help meet their member’s unique needs. Help your clients to see the benefits of decision support tools and personalization by checking out our recent blog.
Save the Date for Vision 2024
20-minute Live Demos
Get an inside look at Benefitsolver with one of our upcoming live demos. Register below to choose a date that works best for you.