Author: Tim Schatz

January 11, 2023
Medicare Saving Account Plans (MSA)

MSA - Medicare Savings Account When it comes to Medicare in Minnesota, there are over 400 plan combinations that an individual can have. Choices are great but shopping for coverage alone can quickly seem overwhelming. Medicare Savings Account (MSA) plans

January 4, 2023
ICHRA – Individual Coverage Health Reimbursement Arrangement

Can I reimburse my employee for health insurance costs? It is rare something in the health insurance industry can be classified as “exciting”, but the Individual Coverage Health Reimbursement Arrangement (ICHRA) is EXCITING!  This type of health reimbursement account (HRA)

January 3, 2023
Medicare Part D & the Donut Hole

Medicare Part D & the Donut Hole Medicare Part D may seem simple at the surface, but it can create surprises for some Medicare beneficiaries. There are features within this coverage that's unique to Medicare and can lead to higher

December 14, 2022
Level Funded Group Health Insurance

Why Level-Funded Group Health Insurance Plan? Getting away from the traditional fully insured health plans has been a goal for many employers since the Affordable Care Act (ACA) took full effect in 2014.  Once the ACA was fully implemented, small

August 14, 2022
Why do I need to purchase insurance with my Original Medicare?

Why do I need additional insurance with Original Medicare? Medicare does not cover all your medical needs at 100% and does not cover everything. Let’s break down the basics.  Original Medicare Part A & Part B of Medicare are considered

April 28, 2022
Cost of Group Health Insurance

How much does it cost for group health? While it may seem like a simple question, there are many factors involved which can alter the price dramatically when you are shopping for group health insurance. Here are some factors that

March 3, 2022
Why Group Health Insurance

Why Group Health Insurance?  Human Resource professionals have been warning of labor shortages for years. An aging population with more retirees than new hires, coupled with slowing immigration and a host of other factors, means employers are increasingly finding it more

March 1, 2022
How to Plan for Medicare

How to Plan for Medicare? Understanding the complexities of Medicare can be daunting and knowing when to start planning is crucial to avoid unnecessary costs. It is best to begin planning within six to twelve months of retirement. Below are