Insurance News

  • Virginia Legalizes Marijuana and Expands Employer Restrictions February 23, 2021
    The New Law Affects Background Checks for Job Applicants On Feb. 5, 2021, Virginia passed a new law (House Bill 2312) that legalizes recreational marijuana for adults ages 21 and older in the state. The new law also expands an
  • DOL Proposes New Effective Date for Independent Contractor Rule February 23, 2021
    The Delay Would Allow the Biden Administration Time to Evaluate the Rule Before It Becomes Effective On Friday, Feb. 5, 2021, the U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) proposed delaying the effective date for the Independent
  • CDC Provides Guidance on Consent and Disclosures for Workplace COVID-19 Testing February 23, 2021
    Informed Consent Requires Disclosure, Understanding and Free Choice The Centers for Disease Control and Prevention (CDC) has issued guidance on the elements of consent and disclosures necessary to support employee decision making when employers incorporate workplace COVID 19 testing.
  • Outbreak Period Expiration Approaching February 22, 2021
    Last year, federal agencies issued relief postponing various employee benefit plan deadlines during a defined “Outbreak Period” to help plans, participants and service providers impacted by the COVID-19 pandemic.
  • 9th Cir.: FMLA Leave Includes “Off” Time in Rotating Schedules February 19, 2021
    An employee working a “one week on, one week off” schedule who takes 12 workweeks of continuous federal Family and Medical Leave Act (FMLA) leave may be required to return to work 12 weeks later, a federal appeals court has held.
  • Additional COVID-19 Relief and Clarifying Guidance for Cafeteria Plans February 18, 2021
    On Feb. 18, 2021, the IRS released Notice 2021-15, which provides additional mid-year election change relief for Section 125 cafeteria plans for plan years ending in 2021.
  • Employers May Have to Provide Paid Military Leave, Court Says February 17, 2021
    Employees who take off work for military duty may be entitled to paid leave from their employers, according to a Feb. 3, 2021, federal appeals court decision.
  • DOL Issues Updated Model Employer CHIP Notice February 9, 2021
    The Department of Labor (DOL) has released a new model Employer CHIP Notice with information current as of Jan. 31, 2021.
  • New York Issues New Guidance on COVID-19 Leave February 3, 2021
    Employers who prohibit employees not in quarantine or isolation from coming to work for COVID-19 exposure reasons must pay them their regular rate, according to new guidance issued by the New York Department of Labor. The Jan. 20, 2021, guidance also states that employees may take leave for three periods of quarantine or isolation, among other points.
  • IRS Updates FAQs on Employer Tax Credits for FFCRA Leave February 2, 2021
    On Jan. 29, 2021, the IRS updated its frequently asked questions on tax credits available to employers for providing paid employee leave under the Families First Coronavirus Response Act.

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Why do I need health insurance?

The reason you need health insurance may not be so much for the occasional doctor’s visit or a prescription drug for a minor illness. Normally you may be able to fit those expenses into your budget.

The most important reason you need health insurance is to protect your family’s finances if you’re in a serious accident or are diagnosed with a serious disease. In these cases, the needed surgeries, treatments, medications and visits to specialists can easily cost hundreds of thousands of dollars.

Having health insurance is smart

Health insurance can be difficult to get if you wait until you or a family member is seriously ill. Having health insurance is actually much more economical in the long run than to run the risk of major damage to your family’s finances.
What’s more, with health insurance, you’ll be more likely to get routine care, including preventive care, when you need it, which helps you stay healthy – and saves money in the long run.

Health insurance can be more affordable than you think

There are many ways you can make health insurance fit your budget. For example, you might wish to consider a higher deductible in exchange for a lower monthly premium. Use the Plan Selector link to Optima’s page to see plans that fit your needs.