Some of the provisions of the Affordable Care Act (ACA) only affect companies that are considered “applicable large employers” (ALEs). ALEs are generally those with 50 or more full-time employees, including full-time equivalent employees. (Special counting rules apply for seasonal workers.) Here are five things ALEs should know: ALEs must either offer minimum essential coverage […]
0 0 Read moreAffordable Care Act, Medicare Part D Notices, Exchange notices, MA Sick Leave Law, 1095, 6055/6056, COBRA, SPD Wrap Docs, FMLA, etc… These are just a few of the day-to-day or annual challenges facing Human Resource professionals today. As I discuss all of these with my clients I come to one common realization, there is nothing […]
0 0 Read moreNo one likes to think about buying life insurance. After all, buying life insurance means admitting you are not immortal, and that your loved ones need protection. To make matters worse, many consumers harbor harmful misconceptions about life insurance. Here are 7 commonly held but incorrect beliefs about this important form of insurance coverage. #1. […]
0 0 Read moreOur role in this industry has certainly progressed and evolved over the last few years. No longer are we simply looked at as “brokers.” We are now more aligned with the strategic mission of our clients. Our role is now one of a strategic partner than just simply a broker. Our knowledge and expertise expands […]
0 0 Read moreBuying health insurance has become more complicated in recent years, and deciding between plans can be a difficult and time-consuming process. Comparing coverage levels, required deductibles and copays is difficult enough, but choosing a health insurance plan also means making sure your preferred providers participate and that you will not be hit with huge out-of-pocket […]
0 0 Read moreIf you are leaving your job, either voluntarily or as the result of a layoff or workforce reduction, you may be offered continued health insurance coverage through a plan called COBRA. COBRA is an acronym for the plan that gave rise to this special form of health insurance coverage – namely the Consolidated Omnibus Budget […]
0 0 Read moreWhen you work for someone else, your employer provides a basic level of insurance coverage to protect you and your family. Whether it is life insurance worth one to two times your annual salary or disability coverage that pays part of your salary when you are laid up, this basic insurance is designed to give […]
0 0 Read moreCommuter Choice Contribution Changes A very welcomed change for many!! The U.S. House of Representatives passed the “Protecting Americans from Tax Hikes” (PATH) Act. This Act was passed On Dec.17th 2015. On December 18th, this measure was approved by The Senate. This Act has been rolled into the Consolidated Appropriations Act and the omnibus bill was signed […]
0 0 Read moreThe IRS has released the 2016 inflation adjusted amounts for health savings accounts (HSAs). To be eligible to contribute to an HSA, an individual must be covered under a high deductible health plan (HDHP) and meet certain other eligibility requirements. Annual Contribution Limitation For calendar year 2016, the annual limitation on HSA deductions for […]
0 0 Read moreFAQ Clarifies When Proposed Rules & New SBC Templates Will Be Finalized A new FAQ prepared jointly by the U.S. Departments of Labor, Health and Human Services, and the Treasury clarify when the Departments intend to finalize previously issued proposed regulations on the summary of benefits and coverage (SBC) notice requirements under Health Care Reform, […]
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