Employee Benefits Report – October 2021

How to Determine When Protections Apply to ADA and COVID “Long Haulers”

mask,stethoscope, ADA
COVID-19 survivors who suffer long-term health challenges might qualify for protections under the Americans with Disabilities Act (ADA).
Read on for details.
 

Make Sure Voluntary Insurance Plans Are Really Voluntary

mazeA voluntary plan that turns out not to be voluntary can also be a complicated maze of paperwork for an employer.
Read on for details.
 
 

Is It Possible to Save Too Much for Retirement?

jar filled with moneyWhile some employees aren’t saving enough for retirement, some save too much in their plans and pay the price in penalties. Read on for details.
 
 
 

Using Health Insurance Discounts to Fight Vaccination Hesitancy

The lure of lower health insurance premiums is enticing some employees to get vaccinated against COVID-19.
Read on for details.

Employee Benefits Report – September 2021

6 Ways to Help Deal with Labor Shortages

help wanted signAs the economy recovers from the pandemic there are more jobs than workers. Read on for details.
 
 
 
 

Should Your Business Be Looking into Vision Insurance?

person trying on glassesVision disorders cost U.S. businesses an estimated $8 billion annual in lost productivity. Read on for details.
 
 
 
 

12 Federal Laws Most Employee Health Plans Must Comply With

compliance collageThe following is a list of federal laws that employers must follow, in addition to the Affordable Care Act, in most cases regardless of their size. Read on for details.
 
 
 

Paid Leave Expands During Pandemic, But Employees Fear Repercussions

During the pandemic many employees expressed the need for paid time off (PTO) — and employers responded, according to the Hartford’s latest Future of Benefits Study 2021.
Read on for details.

Employee Benefits Report – August 2021

How to Help Employees Set Up an Emergency Cash Reserve

calculator and stacks of moneyThe pandemic made it clear that many employees need a way to access funds in an emergency. Here’s how to make it easier for them in the future. Read on for details.

 

Best Practices for Administering Intermittent FMLA Leave

mom caring for sick childHandling FMLA leave can get complicated. Read on for details.
 
 
 
 

Are You Responsible for Employee Identity Theft?

computer hacker The answer is yes, which is why it’s important to practice good cyber risk management. Read on for details.
 
 
 

Why Do Health Care Premiums Increase?

Is there anything you can do about it?
Read on for details.

Employee Benefits Report – July 2021

SECURE Act 401(k) Plan Changes
Impact Employer Responsibilities

401(k)blocksEmployers who sponsor 401(k) plans must ensure they are in compliance. Read on for details.
 
 
 
 

How to Stay in Compliance with the
Latest Immigration Laws

american flagEven if you are fairly certain you hire only U.S. citizens, several new laws were added in 2021 that you will need to follow. Read on for details.
 
 
 

New COVID-19 Obligations Added
to Group Health Plans

group of people with masksEven as the country is regaining a sense of normalcy following the pandemic, the federal government has strengthened group health plans obligations for COVID-19 coverage. Read on for details.
 
 
 

Unemployment Tax Rate Increases Expected

The Biden Administration’s decision to extend unemployment benefits in response to the COVID-19 pandemic may significantly increase employers’ unemployment benefit tax costs for years to come.Read on for details.

Employee Benefits Report – June 2021

Additional 2021 Tax Year Benefits Now Available for Employees with Dependents

pacifer on stack of moneyThe $1.9-trillion stimulus package known as the American Rescue Plan Act (ARPA) includes major changes to the longstanding federal-income-tax child and dependent care credit.
Read on for details.

 

What if an Employee Refuses to Get Vaccinated?

person refusing vaccinationYou can fire employees who refuse to get vaccinated. Read on for details.
 
 
 
 

Alternatives to the Traditional 401(k)

man at meetingOne of the most popular group retirement plans is a 401(k). There are other options — such as PEPs, 403(b) and ESOPs — that might be a better fit for your company. Read on for details.

Have Proof Will Travel

Business travel came to a grinding halt for many employees after the COVID-19 pandemic lockdowns started in the spring of 2020.
Read on for details.

Employee Benefits Report – May 2021

COBRA and DCAP Recipients Get Help from $1.9 Trillion American Rescue Plan Act

COBRA sign
The American Rescue Plan Act of 2021 includes significant, temporary COBRA and DCAP changes. Read on for details.

 

Does an ESOP Make Sense for Your Company?

ESOP booklet
Looking for ways to supplement your company’s 401(k) retirement plan? Want to reward employees who helped build your business? Looking for ways to facilitate succession planning?
Read on for details.

How Carve-Outs Lower Health Plan Costs

stethoscope and money
Employers who self-fund or level fund their health coverage benefits can lower their costs by working with third-party contractors to manage aspects of their plan using a practice called carve-outs. Read on for details.
  

IRS Waives Taxes on Donated PTO

The U.S. Internal Revenue Service (IRS) has special rules for leave-sharing during natural disasters.
Read on for details.

Employee Benefits Report – April 2021

Federal Government Allows 401(k) Distributions for Birth or Adoption

piggy bankYour employees can use their 401(k) savings to help with the costs of a qualified birth or adoption. Read on for details.
 
 
 

Individual vs. Group Long-Term Care Coverage for Employees

doctor holding signConsidering whether to offer long-term care insurance to employees? How does group long-term compare to individual long-term insurance? Read on for details.
 
 
 

HealthCare Options for Unemployed Workers

COVID 19 Claimes file foldersHow President Biden’s executive orders could affect health care coverage and the way we address the pandemic. Read on for details.
 
 
 

COVID-19: Do You Have Liability?

Lawmakers are looking into legislation to shield employers against unreasonable liability due to the COVID-19 pandemic.
Read on for details.

Employee Benefits Report – March 2021

New Federal Guidance for Requiring COVID Vaccinations

woman preparing vaccine
With some exceptions, you may legally require your employees to get a COVID-19 vaccination as long as the disease is a threat to the workplace.
Read on for details.
 

How to Know When Health Insurance Will Cover an Oral Procedure

doctor going over an x-rayHow to know when an oral procedure is actually a medical procedure and not dental.
Read on for details.
 
 
 

More States Are Embracing Employer-Sponsored IRAs

eggs in a basket
Americans younger than 59½ will have a second chance to take money from their retirement accounts without paying a tax penalty — if they meet a new condition.
Read on for details.

401(k) Withdrawal Penalties Suspended Again

In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed people affected by the coronavirus to withdraw or borrow up to $100,000 from their 401(k), Individual Retirement Arrangement (IRA) or similar account without a 10 percent penalty until the end of 2020.
Read on for details.

Employee Benefits Report – February 2021

New Hospital Cost Transparency Rule Now in Effect

medical bill and calculator
New federal rules promise to make it easier for consumers to know the true costs of a hospital service or item, as well as the in- and out-of-network costs of health insurance benefit plans.
Read on for details.

The Safe Way for Employees to Roll Over a 401(k) to an IRA

IRA, ROTH, 401(k) sticky notesTo avoid pitfalls employees should talk to a financial advisor before making changes to retirement accounts. Read on for details.
 
 
 

Legal Services Benefits — During the Pandemic and Beyond

appt with lawyer70 percent of full-time U.S. workers experienced some kind of “legal life event” in the past year. Of these, 20 percent said they were less productive at work, and one-third took time off work to deal with legal needs. Read on for details.
 
 

More Identity Scams Target Employers and Employees

Identity fraud is on the rise and two scams employers should be aware of relate to tax returns and unemployment claims.
Read on for details.

Employee Benefits Report – January 2021

Are Employer-Mandated COVID-19 Vaccinations Legal?

vials of medicineWhen a COVID-19 vaccination is made available to the public, should employers require employees to get the vaccination? Read on for details.
 
 
 

Health Care Benefit Trends for 2021

list of yearsHealth care in 2020 has been impacted by the pandemic and that trend is expected to continue next year. Read on for details.
 
 
 

Could Employer Retirement Accounts Change in a Biden Administration?

piggy bankThere’s talk that tax-deferred retirement plans could be replaced by a system based on tax credits. Read on for details.
 
 
 

What You Need to Know About Disciplining Employees for Not Social Distancing

Social distancing and mask wearing are viewed as some of the best ways to protect yourself and others from COVID-19. Read on for details.

Employee Benefits Report – December 2020

Taking the High Cost of Relocation Out of the Equation

family holding moving boxes
Even though Covid has made working remotely much more popular, there are still jobs that require people to work on premises. Relocation expenses for people hired in these positions can be costly. Read on for details.

What it Takes to Add Inclusion to Your Diversity Efforts

diverse employee huddleEmployers have been practicing diversity in hiring for many years but are now finding that inclusion is also important. Do you know the difference?
Read on for details.

 

2021 Health Care Costs Could Reach Double Digits

billing statement
Kaiser Family Foundation (KFF) reports that since 2012 the cost of family coverage has increased 3 to 5 percent annually. The COVID-19 pandemic is changing that trend.
Read on for details.

Family Friendly Benefits Now Include Fertility Treatments

A new trend in employer-sponsored benefits is fertility benefits. Not only do these family friendly benefits meet employees’ needs, they save companies and individuals money.
Read on for details.

Employee Benefits Report – November 2020

Pandemic Puts Pressure on Workers

cashier at store
The COVID-19 pandemic has changed the face of today’s workforce. Older workers are leaving their jobs in droves. It’s uncertain whether the changes are permanent — or if employers can stem the tide. Read on for details.

Have an HDHP? Fill in the Gaps With HI

HDHP booklet
The popularity of high-deductible health plans (HDHP) is leading to an increase in Hospital Indemnity Insurance (HI) as a way for employers to provide employees with cost-efficient financial protection against rising health care costs. Read on for details.

How to Thwart Identity Theft in the Workplace

hacker
The COVID-19 pandemic forced many Americans to work from home — a situation identity theft criminals have used to their advantage.
Read on for details.
 

Taking #MeToo Allegations Seriously

Even though employers and human relations departments discourage sexual harassment in the workplace, the #MeToo movement has highlighted the need for employers to show that they understand the problem and are creating a culture that holds perpetrators accountable. Read on for details.