Employee Benefits
FMLA Abuse: 5 Things Employers Should Know

The Family and Medical Leave Act (FMLA) was designed to help support employees who are dealing with a serious health condition or managing care for a loved one. Unfortunately, like any leave of absence policy, there exists the opportunity for abuse by certain individuals which can cost employers[…]

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5 Things Employees Must Be Told About Health Insurance

Every year at open enrollment I do my best to explain to employees not just how their health insurance works, but more importantly, how to make sure it works for them when they need it to. A recent Harvard study listed medical debt as the biggest cause of[…]

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IRS Announces Increase: 2020 Cost-of-Living Adjusted Limits

The Internal Revenue Service and Social Security Administration recently announced cost of living adjustments applicable to dollar limitations for qualified retirement plans, and other limits for tax year 2020. Some limits remain unchanged from 2019. HR Managers, Third Party Administrators and financial professionals will want to make note[…]

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IRS Announces Employer Health Insurance Affordability Threshold for 2020

If you’re a large employer, meaning one who employs more than 50 full time equivalents, then by now you are very familiar with the requirement to offer affordable health insurance to at least 95% of full time employees. Beginning in 2014, the IRS issued a mandate requiring all[…]

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Deadline October 15th: Employer Medicare Part D Notices

Each year, Medicare Part D requires employers to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Employers must provide the annual disclosure notice to Medicare-eligible individuals before[…]

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2020 Employer Health Premiums: 5 Things To Know

In 2019, the United States is projected to spend over $500 billion on prescription drugs, by some estimates—12 times more than the $40.3 billion spent in 1990*. A large portion of that will be paid for by employers via their group health insurance premiums. Both President Trump and[…]

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Executive Order on Healthcare & Employer Costs: 3 Changes Coming

On June 27, 2019, President Donald Trump signed an executive order that makes a unique start toward cost control in healthcare. Because employers pay for 34% of all healthcare dispensed in America, they represent one of the largest, independent stakeholders in the fight to gain better control of[…]

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401(k) & Taxation: 10 Things Employers Should Know

It used to be that setting up a 401K plan was a daunting task but in recent years plan sponsors have evolved and made plans a lot more user friendly. Recent research performed by Willis Towers Watson reported the following statistics: Around 40% of sponsors reduced the number[…]

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Paid Time Off: Arizona Employers Are Re-Thinking “Vacation”

Arizona’s warmer temperatures have arrived and with them comes vacation season. As employees begin putting in requests for time off employers may be interested to know that taking a sick day or requesting vacation is quickly becoming a thing of the past. In recent years, more employers are[…]

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