Five Star Benefit Solutions

If you plan to retire when you turn 65, you will apply for Medicare during your Initial Enrollment Period (IEP). This seven-month window begins three months before your 65th birthday month and ends three months after.

A Self Insured Plan is a type of plan usually present in larger companies where the employer itself collects premiums from enrollees and takes on the responsibility of paying employees’ and dependents’ medical claims. These employers can contract for insurance services such as enrollment, claims processing, and provider networks with a third party administrator, or they can be self-administered.

An HSA is a tax-advantaged savings account whose funds can be used to pay qualified health care costs for you, your spouse and your dependents. The account is a great way to pay for qualified health care costs with pre-tax dollars.