Benefits Buzz

Enter Your Email

Tag Cloud

Archives

audit

Posted August 3rd, 2017 in Producers, Employers, Individuals
Effective as of July 1, 2017, the State of Illinois has increased the individual income tax rate to 4.95 percent from 3.75 percent. Also, the corporate rate has increased to 7 percent from 5.25 percent. These increases were included as part of the state’s new budget. Illinois had previously gone 736 days without a budget.
 
Posted April 18th, 2016 in Producers, Employers
The Health Insurance Portability and Accountability Act (HIPAA) establishes national standards for the privacy and security of protected health information (PHI). HIPAA initially only applied to covered entities, which consist of health plans, health care providers and health care clearinghouses. In 2009, HIPAA was expanded by the Health Information Technology for Economic and Clinical Health Act (HITECH).