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GBS Benefits is a full-service employee benefits consulting firm, but we’re not just here to help you pick an insurance plan. GBS Believes in innovation. Innovation that makes your job easier and provides the solutions you need. That’s why at GBS, we’re built on our Three Pillars. We believe that every employer should have a population health strategy, be compliant, and offer a superior employee experience.
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    • TransparencyOn June 24, 2019, President Trump signed Executive Order Improving Price and Quality Transparency in American Healthcare to Put Patients First directing the Departments of Health and Human Services, Treasury and Labor (Departments) to develop regulations to require hospitals, healthcare providers, health insurance issuers, and self-insured group health plans to provide or facilitate access to information about expected out-of-pocket costs for items or services to patients before they receive care.  GBS Benefits will be sharing information about transparency here.

Monthly Archives: February 2024

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Watch Now: Healthcare Consumerism 101

Healthy Habits, Population Health, WellnessBy GBS BenefitsFebruary 25, 2024

Healthcare consumerism is a movement that advocates for patients’ involvement in their own healthcare decisions. It pushes the healthcare system to provide better information and transparency so patients can make educated decisions about their health and health benefits.

2024 March Health & Wellness Resources: Nourish Through Nutrition

Healthy Habits, WellnessBy GBS BenefitsFebruary 25, 2024

This month join us to learn how to nourish your body as we celebrate National Nutrition Month®. We’ll be focusing on looking beyond what you put on your table as you find ways to add more nourishment into your daily life.

People discussing compliance penalties.

Employer Shared Responsiblity Penalties

Compliance, GeneralBy GBS BenefitsFebruary 20, 2024

To avoid possible penalties, applicable large employers (ALEs) must offer affordable/minimum value health benefits to at least 95% of full-time employees and their dependents. Find and download the matrix.

Compliance Monthly Update: January 2024

Compliance, GeneralBy GBS BenefitsFebruary 8, 2024

A brief update on what happened the prior month in group health plan compliance at the state, local, and federal level in January 2024.

Potential Penalties for Non-Compliance with Various Employee Benefit Plan Legal Requirements

Compliance, GeneralBy GBS BenefitsFebruary 8, 2024

Explore the potential penalties for non-compliance with various employee benefit plan requirements.

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2024 Penalty Amounts for Health Benefits Compliance Violations

Compliance, GeneralBy GBS BenefitsFebruary 6, 2024

On January 11, 2024, the U.S. Department of Labor (DOL) issued the 2024 inflation-adjusted civil monetary penalties that may be assessed for a wide variety of employee benefits compliance violations. The new amounts are effective January 15, 2024. See more in this article and download the PDF.

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