Category Archives: Employee Benefits

The AHCA: What Employers Can Expect

On March 6, 2017, the House Ways and Means Committee and the House Energy and Commerce Committee, each released budget reconciliation bills. These pieces of legislation are part of the House Republican’s American Health Care Act (AHCA), the legislation designed to repeal and replace the Affordable Care Act (ACA).  On March 9, the recommendations cleared […]

Recruiting & Retaining Millennial Talent

Millennials are quickly taking over the workplace as the younger generations enter the professional workforce. Employers have struggled to understand what millennials look for in their professional careers and what will entice them to stay with the company. The challenge many employers face is how to recruit and retain this generation of workers. As job […]

Ways to Spot and Prevent an Eating Disorder

Only one in ten people with an eating disorder receives treatment, and 20 percent will die prematurely due to complications related to their eating disorder. February 26 through March 4 is National Eating Disorder Awareness Week. Eating disorders affect about eight million women and one million men in the United States. People with eating disorders […]

The ACA Repeal Process Begins

On Jan. 13, 2017, the U.S. House of Representatives passed a budget resolution for fiscal year 2017 to begin the process of repealing the Affordable Care Act (ACA). The budget resolution does not itself repeal the ACA, but it does pave the way for Republicans to use special budget procedures to repeal and likely replace […]

ACA Reporting Deadline Delayed

In mid-November, the Internal Revenue Service (IRS) issued Notice 2016-70, which extends the deadline for furnishing forms under Sections 6055 and 6056 for 2016 and extends good-faith transition relief from penalties related to 2016 Section 6055 and 6056 reporting. What Is Good-faith Transition Relief? In determining good faith, the IRS will take into account whether […]

December 1 is Near: Understand What’s Changing

The DOL’s overtime rule, it is still set to take effect on December 1, 2016. Under the federal Fair Labor Standards Act (FLSA), employees must be paid at least the applicable minimum wage for all hours worked. In addition, employees must be paid overtime compensation for any hours worked over 40 during the workweek. However, […]

DOL’s New Fiduciary Rule Impacts HSAs

In April, the Department of Labor (DOL) published a final rule that expands on who is considered a “fiduciary” when providing financial advice to retirement plans and their participants. This expanded definition will take effect on April 10, 2017. Other provisions related to prohibited transaction exemptions for advisors will become effective on January 1, 2018. […]

Understanding a Group Captive Program

A group captive is a health insurance pool formed by companies joining together to reduce the cost of their medical benefit spend. It is an alternative insurance option that is owned and controlled by its insureds. Unlike fully-insured options where the insurance company keeps all the profits and premiums generally continue to rise, or self-insured […]

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