The insurance industry is ever changing. At Summit Insurance Services, we believe it is our duty to help keep our clients informed of updates and changes that can affect workplace practices.
You will find below a selection of videos on the most commonly asked questions. Please take a few minutes to review them, and let us know if we can provide additional assistance or support on these topics or any topics surrounding your insurance needs.
Health Savings Accounts and High Deductible Health Plans
This employee-facing video explains what high-deductible health plans (HDHPs) and health savings accounts (HSAs) are and how they allow consumers to take more responsibility for their health and health care needs. It explains the tax-favored status of HSAs and how HSA funds may be used, in addition to detailing HSA eligibility and listing the minimum requirements for qualifying as an HDHP. Download Now
Health Care Reform: Summary of Benefits and Coverage
The Summary of Benefits and Coverage, or SBC, is a concise explanation of benefits to be provided to employees. In this video, learn more about the SBC, including proper format, content to include, and potential penalties for not providing an SBC. Download Now
Health Care Reform: W-2 Reporting Requirements
This presentation explains the Health Care Reform’s W-2 reporting requirements. Download Now