September Newsletter - Managing Tough Renewals & Introducing Trupanion
Hey Advisors, I feel for ya. We have been hearing that renewals right now are tough between dental COVID claims, pooling charges, and disability rates on the rise—all the while renewing during a pandemic. You have a hard job, and at a time like this, you show your immense value. We want to remind you to consider us when renewals are coming. If there is a need for cost containment but flexibility in any form, we can help. From HSAs to self-insuring vision, dental, health, or adding a WSA for COVID related expenses, there's something we can help with.
Webinar from Thursday, October 1
Introducing Trupanion Pet Insurance
Supporting the health and wellness for an important member of the family: Pets!
myHSA is proud to announce a new partnership with Trupanion Pet Insurance—providing the best coverage for furry family members under one comprehensive plan.
Trupanion covers 90% of veterinary costs and no payout limits, offering the peace of mind to pay veterinarians directly. From diagnostic tests, medications, surgeries, supplements, mobility devices, dentistry, and more.
Trupanion coverage ensures complete focus on the pet, removing the worry about finances when something goes wrong.
Trupanion will be available in myMarketplace as well as a product in our Benefits Bucket for your clients.
Stay in-the-know with our featured questions & answers
Question: How long do employees have to submit outstanding claims upon termination?
When terminating an employee, you have the option to set the termination date and duration of the termination grace period. The termination date determines the last eligible service date for claims moving forward.
The termination grace period is the number of days after the termination date that employees can submit outstanding claims dated before termination. The typical period is 30 days, but it can be set at any duration. The system will automatically delete the employees' access once the termination grace period elapses.
To terminate an employee, click the 'Employees' tab on your right menu, and click to edit the user. A 'Terminate' button is located at the bottom right of the screen.
Resources we love
Check out what we've been reading lately
The State of Health Spending Accounts
by Benefits by Design
Most workers want virtual health care benefits for mental health
Five workplace changes that should stay post-coronavirus
by Benefits Canada
Have you seen the Sanofi Canada Healthcare Survey?
86% of plan members agree that their health benefit plan is an important factor when deciding on a job offer
71% of plan members agree that the health benefit plan is a strong incentive for them to stay with their employer
51% of plan sponsors anticipate that HSAs will play a more significant role over the next five years, up from 36% in 2018
71% of plan members are willing to use virtual care technology to receive healthcare services