Archive for Employee Benefits’ Category

Deadline text on the calendar (or desk planner) underlined with red marker
Sep

9

2016

Employer Medicare Part D Notices Are Due Before October 15

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs — either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15.PurposeMedicare began offering “Part D” plans — optional prescription drug benefit plans sold by private insurance companies and…

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IRS Proposes New Section 6055 Reporting Requirements for Self-Insured Employers
Sep

8

2016

IRS Proposes New Section 6055 Reporting Requirements for Self-Insured Employers

Employers with self-insured health plans are facing new Section 6055 regulations regarding the reporting of minimum essential coverage. The proposed regulation requires self-insured employers to report this information to the IRS on either Form 1095-B or in Part III of Form 1095-C, if the coverage is provided by an applicable large employer.Section 6055 reporting identifies those individuals who are enrolled in minimum essential coverage. In order…

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Supporting Your Employees During the Back-to-School Season
Aug

31

2016

Supporting Your Employees During the Back-to-School Season

As thoughts of changing weather and the impending holidays loom, September (and August, in many states) means back to school for employees with children. Don’t forget about your employees with college-age students, who may be driving them across the country to get set up in dorm rooms and ready to face life on a college campus. Some of your employees may be college students as…

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Initial 2016 Health Plan Survey Results Are Out: PPO Deductibles Increase Fifty Percent, Employer Costs Remain Steady
Aug

24

2016

Initial 2016 Health Plan Survey Results Are Out: PPO Deductibles Increase Fifty Percent, Employer Costs Remain Steady

The 2016 UBA Health Plan Survey contains the validated responses of 19,557 health plans and 11,524 employers, who cumulatively employ over two and a half million employees and insure more than five million total lives. Of the preliminary findings, we see that employees continue to take on more cost for coverage. The median in-network deductible on an employer-sponsored PPO health plan (which nearly half of…

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Health Insurance Industry Terms You Need To Know
Aug

17

2016

Health Insurance Industry Terms You Need To Know

With the ever increasing amount of regulations in the Health Insurance industry – the amount of acronyms is rising rapidly.  If you don’t follow the latest news religiously, then you could find yourself M.O. (missing out!).  Even if you are a seasoned “insurance chooser” – some of the more common terminology could be just as confusing.  Do you know your H.M.O.’s from your H.S.A.’s?  And…

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What You Need to Know About Student Loan Repayment and the Millennial Workforce
Aug

4

2016

What You Need to Know About Student Loan Repayment and the Millennial Workforce

Millennials account for the largest demographic in the workforce today (Berman), and by 2025 will make up 75% of our working population (Forbes).  With new technologies, more people deciding to branch out and start their own businesses and telecommuting jobs becoming popular, it’s important for employers to understand how they need to adapt previous HR policies for recruitment and retention to fit today’s workforce.A promising…

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