July 2014
In This Issue
Quick Links
 
 
Certificates of Insurance Requests:

The Capital Group  Click Here
 
GOVTECH
Carrier Notes:

Aetna
Wellness Site
 
Anthem
LiveHealth 24/7 Site
 
CareFirst
 MLR Q&A
 
Conventry
Wellness Site
 
Kaiser
 New online billing and payment services available through My Health Manager at kp.org
 
United Concordia
Wellness Webinar
 
United Healthcare
Mail Service Member Select Program

Need Help?
Call
301-214-7666
The Capital Group is available to address any of your questions regarding this newsletter, as well as any Insurance or Financial Services.


Health Care
Healthy Employees=Revenue
As an extra and innovative solution for healthy and
happy employees consider offering Telehealth benefits. Studies have shown reduction in doctor office visits, ER visits, absenteeism and overall healthcare costs while promoting wellness, prevention and personal responsibility.  
 

Contact The Capital Group's Benefit Team for Wellness Solutions at 301-214-7666
Workplace Wellness
A recent survey conducted by Virgin Pulse and Workforce Management magazine on 361 businesses and 3,822 employees addressed the impact of health and wellness.

The top findings are below:
  • Wellness drives company culture: 87 percent of employees state that wellness positively impacted work culture, an increase of 10 percent from 2013.
See More Here ...

Contact The Capital Group's Benefits Team for Wellness Solutions at 301-214-7666
MLR Rebate 

Below is an expansion to our May Article "Medical Loss Ratio ".

 

Large group insured plans (over 100 employees) must spend at least 85% of premiums paid on medical claims. Small groups (100 or fewer employees) and individual markets must spend at least 80% on medical claims. If not, a rebate is owed to the policyholder and subscriber, based on pre-established pools.

 

See More Here ...

Financial News
Have You Filed Your IRS Form 5500 or Filed for an Extension?

You have until July 31st to file your annual 5500 report or file for an extension. IRS form 5500 must be filed annually by employee benefit plans to satisfy annual reporting requirements under the ERISA and IRS guidelines. Click Here for some tips from the IRS to help make filing form 5500s, including extensions, more efficient.

 

If you have any questions about filing this form, please contact The Capital Group's Financial Team at 301-214-7666

Property & Casualty

Overseas Employee Protection

Whether your company is a private business or a government contractor, employers need to provide the appropriate benefits and liability  insurance to their overseas-based employees.    

 

See More Here ...

 

Contact The Capital Group's Property and Casualty Team for coverage quotes and questions at
301-214-7666

The Capital Group

6903 Rockledge Drive, Suite 950

 Bethesda, MD 20817
 
Phone - 301-214-7666
    Fax - 888-569-3027   



Copyright � 2014 The Capital Group LLC. All Rights Reserved.
 
This document is for general informational purposes only. While we have attempted to provide current, accurate and clearly expressed information, this information is provided "as is" and The Capital Group  makes no representations or warranties regarding its accuracy or completeness. The information provided should not be construed as legal or tax advice or as a recommendation of any kind. External users should seek professional advice from their own attorneys and tax and benefit plan advisers with respect to their individual circumstances and needs.