Insurance News

DOL Finalizes New Method for Electronic Delivery of Retirement Plan Disclosures May 21, 2020
On May 21, 2020, the U.S. Department of Labor (DOL) published a final rule that will allow plan administrators to post retirement plan disclosures online or deliver them to employees by e-mail, as a default, to comply with their statutory duty to furnish documents under ERISA.
IRS Releases 2021 Health Savings Account (HSA) Limits May 21, 2020
The IRS has announced the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code.
New COVID-19 Guidance for Section 125 Mid-year Election Change Rules May 14, 2020
On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020.
IRS Provides More Options for Unused Funds in Health FSAs and DCAPs May 13, 2020
Options Include an Extended Period for Incurring Expenses and Increased Health FSA Carryover Limit On May 12, 2020, the IRS announced more options with respect to unused amounts in health flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs).
EEOC Delays EEO-1 and Related Reports Due to COVID-19 May 12, 2020
Due to the COVID-19 pandemic, employers and unions that are subject to equal employment opportunity (EEO) reporting under Title VII of the Civil Right Act will not be required to file EEO surveys in 2020, the U.S. Equal Employment Opportunity Commission (EEOC) announced on May 8, 2020.
FFCRA May 7 Update: DOL Publishes Additional FAQs May 8, 2020
Newest DOL Publication Adds FAQs 89 Through 93 On May 7, 2020, the U.S. Department of Labor (DOL) added five new answers to frequently asked questions (FAQs) to help employers comply with requirements set by the Families First Coronavirus Response
DOL Issues Updated Model COBRA Notices May 7, 2020
The General Notice and Election Notice Models Now Include Medicare Information On May 1, 2020, the U.S. Department of Labor issued new model notices that group health plans may use to use to comply with COBRA notification requirements. Use of
EEOC Updates Guidance on Coronavirus and the ADA May 7, 2020
New FAQs Address Return to work Issues For At Risk Employees Who Are At High Risk of Becoming Ill From COVID 19 On May 7, 2020, U.S. Equal Employment Opportunity Commission (EEOC) issued additional answers to frequently asked questions (FAQs)
Virginia to Increase State Minimum Wage Rate May 6, 2020
New Rate Becomes Effective May 1, 2021 New legislation will progressively increase the state’s minimum wage rate to $15 per hour by 2026. The current rate in Virginia is equal to the federal minimum wage rate of $7.25 per hour.
Colorado Expands Paid Health Emergency Leave May 1, 2020
On April 27, 2020, Colorado amended its emergency regulations mandating paid sick leave for certain workers affected by COVID-19.

Who is Optima Health and why do business with them?

Wholly owned subsidiary of Sentara Healthcare
In operation since 1984
PPO, HMO, POS, HSA (groups start at 2 lives, mom and pops okay)
Great provider networks (PHCS for out of area)
Online quoting tool
Competitive commission schedule
Membership is at 364,000 and growing
A+ rating from TheStreet.com (formerly Weiss) only health plan in Virginia with this rating
Excellent award from NCQA 10 years in a row.
Listed in US News Top 50 Health Plans, highest rated plan in Virginia
Excellent underwriting, stable renewals
Claims and billing units; accessible, knowledgeable, helps you to retain clients

Why Glandon Insurance?
Please contact Glandon Insurance today at 877-777-9554 or via our e-mail form if you have any questions about our broker services.