Employee Benefits

Posted November 27th, 2019 in Employers, Producers
The Employee Retirement Income Security Act of 1974 (ERISA) requires most employers who offer health and welfare benefits to maintain and distribute Summary Plan Descriptions (SPDs) to all plan participants. This SPD must include certain disclosures and information, such as when the employer may amend or terminate the plan(s).
 
Posted November 19th, 2019 in Employers, Producers

As work and life continue to blend and unemployment remains low, the competition for employee talent is intense. Small businesses are seeking solutions to help their companies stand out as they tackle the challenge of attracting, engaging, and retaining employees.

Strategic benefits can play a pivotal role.

Posted October 23rd, 2019 in Producers, Employers

Nobody wants to contemplate becoming disabled and unable to work. But it happens.

  • 1 in 4 of today's 20-year-olds will become disabled at some point before reaching age 67. [1]
Posted September 17th, 2019 in Employers, Producers

The Affordable Care Act (ACA) created a research institute known as the Patient-Centered Outcomes Research Institute (PCORI). The goal of PCORI is to help patients and those who care for them make better-informed decisions about healthcare choices. PCORI is funded by temporary fees which are charged to health plans. The following information is designed to help employers understand their upcoming payment obligations in 2020.

Posted September 11th, 2019 in Producers

Think you know how your small business clients feel about healthcare benefits? As their trusted advisor, you probably have the best perspective.

Posted August 22nd, 2019 in Employers, Producers

It’s no surprise that more and more employers are offering qualified high deductible health plans (HDHPs) to their employees, and some employers are combining Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs) to alleviate a portion of the deductible and/or out-of-pocket expenses that employees are exposed to. However, you have to be very careful with the HRA plan design in order to preserve HSA eligibility for employees.

Posted June 18th, 2019 in Producers

Showcase the Power of Bundling

A strategic approach to benefits is essential as your clients compete to attract and retain top talent. While that’s a given, each client’s objectives and benefit offerings are different. Here are five fresh angles to help you tee up the right conversation about the benefits of bundling at your next client consultation...and the one after that.

Posted June 14th, 2019 in Producers, Employers, Individuals

The Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments) released new guidance on June 13, 2019 which permit a new type of Health Reimbursement Arrangement, referred to as an Individual Coverage Health Reimbursement Arrangement (ICHRA).

Posted June 4th, 2019 in Producers, Employers

For employees, achieving financial wellness is a journey…and the workplace can be the starting point

Posted April 18th, 2019 in Producer, Employers

Happy employees are better employees. They're more engaged in their work, more loyal to their employers, and make more meaningful contributions toward company goals. That's not surprising.

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