Health Value Added Services
NBS is Leavitt Groups preferred vendor for your COBRA administration. The NBS Services Include:
- Plan Set Up and Employer Training
- Receive Qualifying Event Information Electronically (New Hire & Terminations)
- Qualified Event Notices to all Qualified Beneficiaries, Including Dependants
- Receive and Process Premium Payments from Active Members
- Notification to Participants of Termination of Benefits, Enrollment Changes, End of Eligibility, Account Balance and Rate Changes
- Tracking and Notification of all Applicable Extensions
- Send Late Payment Notices
- Plan Sponsor Reports
- On-line Account Access for Plan sponsors
Pricing for COBRA administration is as follows: $30 Base Fee per group & $5 per COBRA participant.
For more information or to set up administration for one of your clients please contact:
National Benefit Services
Dave Smith
801-532-4000 x 129
davids@nbsbenefits.com
Chrissy Van Leeuwen
801-532-4000 x 148
chrissyv@nbsbenefits.com
Flexible Spending Account
Section 125 of the IRS Code is a valuable method of avoiding taxation for qualified medical and dependent care expenses.
Pricing for FSA is as follows:
- UT/ID Agencies- $3.00 pepm (minimim of $50)
- All agencies besides UT and ID- $3.50 (minimum of $75)
For more information or to set up administration for one of your clients please contact Dave Smith or Chrissy Van Leeuwen as seen above.
Fully Funded Medical Plan Discrimination Testing
New healthcare reform laws now require non-grandfathered insured group health plans to comply with nondiscrimination rules under Section 105(h). Nondiscrimination testing services review eligibility, benefits, controlled group status and testing failures.
For more information or to set up administration for one of your clients please contact Dave Smith or Chrissy Van Leeuwen as seen above.
Health Reimbursement Arrangement
HRAs are employer-paid reimbursement programs for health care benefits. These plans allow employers to set aside a specific amount of money for employees to pay for health care expenses as defined by the plan. All employer contributions to the Plan are tax deductible to the employer, and tax-free to the employee.
Pricing for HRA is as follows: $2.25 pepm (minimum of $50).
For more information or to set up administration for one of your clients please contact Dave Smith or Chrissy Van Leeuwen as seen above.
Health Savings Account
The HSA is savings arrangement for employees who participate in a qualified high-deductible health plan (HDHP). Each year participants and employers can contribute tax-free dollars up to the indexed contribution limits plus catch up if eligible. Contributions can be invested into mutual funds and other interest bearing arrangements. The funds can be used to pay medical and dental expenses incurred by the participant, participant's spouse and eligible dependents.
For more information or to set up administration for one of your clients please contact Dave Smith or Chrissy Van Leeuwen as seen above.
PRA
The PRA plan allows employers to reimburse health insurance premiums including group sponsored insurance plans as well as individual health insurance policies outside the group.
For more information or to set up administration for one of your clients please contact Dave Smith or Chrissy Van Leeuwen as seen above.