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Employee Benefits

Posted December 4th, 2018 in Employers, Producers

Many employers offer a cash payment to employees who waive health insurance coverage. These cash payments are always taxable to employees who waive health insurance coverage, but did you know employees who elect the health insurance coverage may be subject to paying taxes on the cash payment that they didn’t receive?

Wait! What?

Posted November 20th, 2018 in Employers, Producers

It’s that time of year again. The days are getting shorter, the trees are mostly bare, the holidays are just around the corner and open enrollment is in full swing. If you’re like most benefits professionals, you probably head into open enrollment with a mixture of enthusiasm and dread.

Posted October 26th, 2018 in Producers

Identity theft, security breaches, and traffic tickets are all things that employees worry about today. When issues like these arise, many people look to an attorney for advice and assistance. Unfortunately, finding an attorney can be stressful and time-consuming—not to mention expensive.

Posted October 4th, 2018 in Employers, Producers

Consumer-Driven Health Plans (CHDPs) have been steadily gaining in popularity for several years now. According to the Society for Human Resource Management (SHRM) 2018 Annual Benefits Report, 40% of the employers surveyed now offer a CDHP to their employees. SHRM defines a CDHP as a Health Reimbursement Arrangement (HRA) or a Health Savings Account (HSA) paired with any underlying medical plan.

Posted October 2nd, 2018 in Employers, Producers

While we continue to hear about the rapid growth of Health Savings Accounts (HSAs), there is one feature about Health Flexible Spending Accounts (Health FSAs) that keeps some employees enrolled in this type of consumer-driven account (CDA). That’ s the uniform coverage requirement of Health FSAs.

Posted September 4th, 2018 in Employers, Producers

How small businesses can use the power of benefits to make employees happy and improve the bottom line.

Posted May 10th, 2018 in Employers
MetLife recently released their 16th Annual U.S. Employee Benefit Trends Study, which sheds some light on changing employee attitudes and the need for a shift toward a more human work experience. The study provides interesting insights into what employees are looking for in a workplace and how their needs don’t always match up to their reality.
 
The Empowered Employee
 
Posted December 6th, 2017 in Producers, Employers
The Health Savings Account (HSA) market has grown rapidly in the past decade. More than 21 million people currently have an HSA and there’s still plenty of opportunity for growth. In fact, a recent report projects 30 million HSAs by the end of 2019.
 
Here are the top employer benefits of an HSA:
 
Posted November 22nd, 2017 in Producers, Employers

The Internal Revenue Service (IRS) has updated its Questions and Answers website in regards to the Employer Mandate, and it appears they have started to send initial notices to employers who are subject to a penalty for the 2015 year (generally, this will be employers with 100 or more employees since transition relief was available in 2015 to employers with 50-99 employees).

Posted November 14th, 2017 in Producers, Employers, Individuals
Congressional Republicans have shifted their focus from healthcare reform to tax reform. According to an overview which was released in late September, three key objectives of tax reform are to:
 
  1. Make the tax code simple, fair and easy to understand.
  2. Give American workers a pay raise by allowing them to keep more of their paychecks.
  3. Bring back trillions of dollars that are currently kept offshore to reinvest in the American economy.