Employee Benefits Report – May 2020

What We’ve Learned About Keeping Essential Businesses Operating During a Pandemic

message boardCoronavirus COVID-19 has scared everyone and changed the way businesses operate — including sick leave policies.
Read on for details.

Going Beyond Term Insurance Minimums

blocks falling downHow to improve life insurance benefits for employees. Read on for details.

Roth 401(k) — The Overlooked Retirement Investment Tool

woman holding piggybankOnly 11 percent of employers take advantage of Roth 401(k) options. Why this is a missed opportunity for employees to maximize their retirement income.
Read on for details.

Mental Health Tips for the Month of May

May is Mental Health Awareness Month and, especially in these times of self-isolation, it’s a good time to remind your employees of the importance of taking care of their mental health.
Read on for details.

Employee Benefits Report – April 2020

SECURE Act’s Effect on Retirement Plans

message board
Here’s a review of the changes that affect small employers and some large ones.
Read on for details.

ERISA Compliance for Small and Large Employers

older coupleDespite its name, Employee Retirement Income Securities Act (ERISA) regulations apply not only to retirement plans, but to all “welfare” plans, including health benefits.
Read on for details.

How to Conduct a COBRA Self Audit

insurance coverage documentTo help avoid an audit, or to be prepared in case an audit is ordered, it’s best to conduct a self audit.
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Giving Benefits the Respect They Deserve (and the Law Requires)

If you offer your employees health benefit coverage, your substance abuse and mental health benefits should be comparable to the other medical benefits in your plan.
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Employee Benefits Report – March 2020

States Actively Working to Reform Health Care

2020 tablet
Health care reform continues to be a hot topic during the 2020 presidential election.
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Background Checks: The Fine Line of Staying in Compliance

person with magnifying glassBackground checks allow employers to get a clearer picture of an applicant’s job and personal history. So, what happens if you find out that the applicant has a criminal background or has been convicted of drug use? Read on for details.

How to Stay in Compliance When Employees Work Remotely

woman sitting at deskAs telecommuting continues to gain popularity with it comes a new set of compliance challenges for businesses.
Read on for details.

The Role of Pharmacy Benefit Managers

Does your health benefit plan have a pharmacy benefit manager (PBM)? If so, it’s important you understand how a PBM affects your and your employees’ access to prescription drugs, as well as controlling your out-of-pocket costs. Read on for details.

Employee Benefits Report – February 2020

Basic Steps to Avoid Discrimination in the Workplace

hire/fire dice
Workplace discrimination takes many forms, but sound policies and procedures can reduce the occurrences.
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Key Elements of a Good Health Benefit Plan for Small Companies

Employee Benefits bookThe cost of providing health insurance for employees and their families is expected to be five percent higher this year than in 2019.
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Ways to Make Saving Easier for Your Employees

people attending seminarEmployees know they should save for retirement, but it’s not always easy. Many worry they don’t have enough money to put into retirement savings because they’re having difficulties paying bills.
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Employees Need to Know About 401(k) Required Minimum Distributions

Effective January 1, 2020, your employees must withdraw at least the minimum amount from their employer-sponsored 401(k) and IRAs (Individual Retirement Accounts) by age 72. Read on for details.

Employee Benefits Report – January 2020

Value-Based Care Gains Favor as a Provider Reimbursement System

man putting money in dr pocketHealth care experts believe value-based care could lower costs and improve patient outcomes.
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Rules and Exceptions When Providing Benefits to Same Sex Couples

law bookEmployers who offer benefits to spouses must also offer them to same-sex couples though there are exceptions. Read on for details.


IRS Sets 2020 Retirement Plan Contribution and Benefit Limits

tax formsNearly all of the dollar limits currently in effect for 2019 will experience minor increases for 2020. Read on for details.


Dental Insurance Promotes Overall Health

Providing employees the opportunity to purchase dental insurance is not enough. Employee education is an important element when you offer voluntary benefits. Read on for details.

Employee Benefits Report – December 2019

President Trump Issues New Health Coverage Responsibilities for Employers of Immigrants

visa application
New and proposed immigration requirements for documented and undocumented immigrants could impact employers who offer health care coverage.
Read on for details.

How Employers Can Avoid FMLA Pitfalls

FMLA handbookThe FMLA has been law since 1993 but employers can still find the rules confusing. Read on for details.

When is Indemnity Health Insurance an Acceptable Alternative to a Fully-Insured Plan?

stethoscope with block familyHere’s a look at the advantages and disadvantages.
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Are Your Workplace Policies Up to Date about Vaping?

The popularity of vaping is sending some employers scrambling to craft workplace policies governing the use of electronic cigarettes. Read on for details.

Employee Benefits Report – November 2019

Will College Savings Plans be Necessary if College is Free?

529 piggybankFree college tuition is an appealing idea as higher education costs continue to rise. Can the proposals of presidential candidates be counted on?
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What a State-Run Retirement Plan Would Mean to Your Company

hour glassThere are many ways to save for retirement but most Americans aren’t doing it. Many states are considering legislation that could make retirement savings easier. Read on for details.

What’s Behind the 2020 Health Insurance Premium Hikes?

premium increase signFounding Father Benjamin Franklin famously said, “… in this world nothing can be said to be certain, except death and taxes.” If he were alive today, he certainly would have added “and annual health insurance premium increases.”
Read on for details.

On the Road Again — But With Insurance

One way to ensure their lives are easier is by providing business travel insurance. While travel insurance policies vary, they usually include: Read on for details.

Employee Benefits Report – October 2019

Health Savings Accounts — One Key to a More Comfortable Retirement

apple with letter blocks Here’s what your employees need to know about health savings accounts
Read on for details.

Genetic Testing Protections and Limitations

test tubeWhen the federal government passed the Genetic Information Nondiscrimination Act (GINA) in 2008, the law provided a starting point and baseline to prevent insurance carriers from using genetic testing information to determine rates. Read on for details.

When Life Insurance Isn’t Enough

checklistDisability, not death, is much more likely to cause a person to lose their home.
Read on for details.

Access to Preventive Care Eased for Some HDHPs

The Internal Revenue Service (IRS) has made it easier for people who have high-deductible health plans (HDHPs) with health savings accounts (HSAs) to get preventive care services to treat chronic diseases even if the insured hasn’t yet met the deductible. Read on for details.

Employee Benefits Report – September 2019

Technology’s Growing Importance in Providing Quality Health Care

doctor with tablet
Whenever you sign up for a new group health care benefit plan for your company or receive communications from your insurance carrier about new benefits, there’s a good chance the insurer is using technology to provide you with better service.
Read on for details.

New Rule Offers New HRA Options

HRA cardBusiness owners now have a way to help their employees get individual health care coverage. Read on for details.

Legal Plan Representation: Peace of Mind at an Affordable Cost

lawyerYour employees face legal issues far more often than you might think, and a group legal plan could relieve employees’ financial and legal concerns while increasing loyalty to your company.
Read on for details.

The Confusing World of Cannabis Regulation and Insurance

Although 33 states and the District of Columbia passed laws legalizing marijuana in some form, don’t assume your group health insurance covers the use of medical marijuana (cannabis) or CBD oil. Read on for details.

Employee Benefits Report – August 2019

Anti-discrimination Laws and The Effect on Employee Benefit Packages

gavelA balanced benefits package can attract and keep valued employees, but the cost of offering benefits can skyrocket if not monitored.
Read on for details.

Tackling Obesity in the Workplace

scaleEmployers can help control their health care coverage costs and improve employees’ care by addressing a key lifestyle risk — obesity.
Read on for details.

529 Savings Plans: An Easy Way to Help Bring College Within Reach

piggy bankMany parents start saving for college as soon as their children are born. It’s little wonder. Tuition plus room and board costs put college out of reach for many high school graduates.
Read on for details.

A Retirement Plan for Hard-to-Replace Employees

It’s often difficult for highly compensated executives to save enough money in a traditional 401(k) plan to maintain their current living standards. Read on for details.

Employee Benefits Report – July 2019

Meaningful Ways to Support an Aging Workforce

warehouse worker
America’s workforce is aging rapidly — and it will have an impact on your business.
Read on for details.

The Lure of Workplace Flexibility

home officeThe concept of a flexible workplace is based on the idea that it’s possible to work harder and smarter away from the office or during a shorter work week. The question most employers have is, “Will it work?”
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A Plan Sponsor’s Cyber Security Responsibilities

computer screenCyber security insurance can help protect you and your workers’ health and retirement benefit plans.
Read on for details.

Choosing a Vision Insurance Plan Your Employees Will Value

A good, quality vision plan is a valuable asset for your employees.
Read on for details.