Benefits 101
The three major insurance carriers offered in the BBSI Benefits Program for San Diego
Who is Aetna, Kaiser Permanente and MediExcel
The Consolidated Omnibus Budget Reconciliation Act
What is COBRA
The fixed amount that you pay out-of-pocket for a specific medical service or prescription, usually at the time of the visit or purchase
What is a CoPay
Contact this person for benefit program sales, onboarding and compliance
Who is your Benefits Consultant
Aetna members enjoy Free or low-cost care at this retailer nationwide
What is CVS
To be eligible for BBSI benefits, a prospect must have this key requirement
What is 10+ Full-Time W2 Employees
This acronym refers to the period when employees can enroll or make changes to benefits
What is OE (Open Enrollment)
Health and Ancillary plans often cover 100% of these types of services
What are preventive services (cleanings, exams)
WSE enrollment, ongoing client service and administration are mainly the reasons you would contact this role
Who is your Benefits Specialist
Have your Enrollment Fee at the YMCA waived and 75% of your Sentri Pass Expense reimbursed with a Plan with this carrier
What is MediExcel
The Pricing of BBSI Plans which refers to a pricing method where a single rate is applied to a group of individuals, rather than calculating individual rates based on specific factors like age or health status
What are Composite Rates
This type of event allows employees to change benefit elections outside the Open Enrollment period
What is a QLE (Qualified Life Event)
This insurance pays a portion of income if you're out due to injury or illness
What is disability insurance
This resource will provide detailed information regarding client specific plans, costs and carrier information
What is the Benefits Plan Guide
Offering counseling, financial guidance, and other support, this workplace program helps employees manage personal or family challenges
What is an Employee Assistance Program (EAP)
This is the payroll cycle when an employer is typically billed for health benefits
This three-letter acronym refers to using pre-tax dollars for medical or dependent care expenses
What is an FSA or HSA
An employee typically has this many days to make benefit changes after a QLE
What is 30 days
Employees navigate here to enable the benefit enrollment widget in the myBBSI portal
What is The Settings Dashboard
These accounts are deducted pre-tax, with the advantage of lowering taxable income and are primarily used for medical, dental, vision expenses
What are FSA and HSA accounts
The 3 documents BBSI requires to receive a quote for a prospect that already maintains group health insurance
What is a Census, Summary of Benefits of Coverage, and Medical Invoice
Enacted in 2010, it aims to make health insurance more accessible and affordable, expand Medicaid, and support innovative medical care delivery methods to lower costs
What is ACA (Affordable Care Act or "Obamacare")
After you’ve met your deductible, this is when you and the insurance company each pay a percentage of the cost of your hospital service
What is Coinsurance
This section of Prism is where you check for an employee's benefits enrollment workflow
What is the Benefits Enrollment by Status in Prism
Members of Aetna plans enjoy this 24/7/365 service
What is CVS Virtual Care (Telehealth)