At CalCPA Health, we’ve seen the last-minute scramble year after year in November and December when firms realize that open enrollment is going on and they need to quickly decipher benefits, weigh options, and make critical decisions under pressure.

Add these items to your “to-do” list and get ready for open enrollment:

1) evaluate your current coverage

2) understand what your employees (or you) need

3) explore smarter, more cost-effective benefit strategies

4) learn how HSAs work and the pre-tax savings options they offer

5) learn the difference between PPO, HSA, EPO, and HMO plans

6) understand deductibles, co-payments, and coinsurance

7) read “You Can’t Use What You Don’t Understand” which ran in our July newsletter to learn some basics to get to know your insurance plan

Why CalCPA Health

CalCPA established CalCPA Health in 1959 so that member firms could have exclusive access to employee healthcare and benefit plans. CalCPA Health serves as a trusted resource for CalCPA members when it comes to understanding health benefits and becoming their best advocates when it comes to health plans and the financial side of health insurance. CalCPA members can reach out with questions by filling out the “questions” box to the right or they can email us.

CalCPA member firms, sole practitioners, and financial professionals – here are just a few things CalCPA Health has to offer:

• Over 50 benefit plans available
  • Medical PPO, HSA, EPO & HMO; Dental; Vision; Long-Term Disability (LTD) and Life
  • All plans are administered through a single source – one bill for all plans
• Largest provider networks available in CA: Anthem Blue Cross, Delta Dental, and Vision Service Plan (VSP)
• Complimentary COBRA administration
• For groups of two or more, Life and Long-Term Disability coverage through Lincoln Financial
• Fully integrated Health Savings Account (HSA) administration
• Dedicated account managers to help firm administrators manage employee benefits

CalCPA Health is regulated as a Multiple Employer Welfare Arrangement (MEWA) by the U.S. department of labor and the California Department of Insurance.  As a MEWA, there are certain regulatory and financial advantages over the for-profit insurance providers, resulting in good value to members.

CalCPA member firms may purchase health plans directly from CalCPA Health, or if you use a broker, your broker can manage your plan(s) with CalCPA Health.

CalCPA Health provides a full-service call center, Banyan Administrators, to help you with questions you may have regarding enrollment, benefits, or claims. Banyan Administrators are managers of the CalCPA Health plan programs and are here to serve as your healthcare concierge.

CalCPA + CalCPA Health: Making sure members have the benefits they need for their professional and personal well-being.

Eligibility requirements (in-part): CalCPA Health is available to CalCPA member firms (or solo practitioners – no W-2 employees) in public practice or offering general financial services. To obtain or retain eligibility, at least 50% of all the Employer’s owners (i.e. principals, proprietors, partners, shareholders or other owners) must be active members of CalCPA and remain in good standing. CalCPA Health does not offer Medicare or retiree plans.