Can employers purchase a Section 125 plan with individual medical insurance to pay part of the employees’ premiums?
Employee premiums cannot be paid through a Section 125 or a Health Reimbursement Arrangement (HRA) plan without the plan being subject to small group reform laws, which require all employees be issued coverage. Therefore, this approach is not allowed when purchasing individual medical plans, including Health Access Plans. • If payroll deduction is selected, when is the bill generated? The bill is mailed to the account holder (typically the employer) approximately 24 days before the billing due date. • How does the account holder remit payment to Assurant Health? The account holder should remit one check, along with the coupon attached to the bill, to the P.O. Box address indicated on the coupon. • What options for payment are available to an individual who leaves the company and wants to continue his/her individual coverage? An individual can choose EFT or direct billing. If the employer notifies Assurant Health to remove an employee from a payroll deduction (List Bill) account, this i
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