Posts Tagged: Employee Benefits
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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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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3 Employer Strategies for Saving Big on Health Insurance

In Arizona, between 80-85% of an employer’s health insurance premium is used by the insurer to pay claims. Companies looking to make a serious dent in health insurance costs need to focus on solutions that help reduce the insurer’s claim spend. Here are the 3 areas that have the[…]

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Arizona Paid Sick Leave: 5 Tips for Employers

There are no federal laws currently in the United States that require employers to provide paid sick leave for their employees. However as a growing trend, states across the country are continuing to enact their own paid sick leave laws. In recent years, 10 states and the District[…]

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IRS Announces Increase to Employer Penalties in 2019

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 laws surrounding the IRS requirement to offer affordable health insurance to full time employees. Beginning in 2014, the IRS issued a mandate requiring all[…]

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