Tag: benefits

Employers Tested by Detail Required in ACA Health Coverage Reporting

Information reporting of minimum essential coverage under the Affordable Care Act is like being stuck between a rock and a hard place. On the one hand, insurers and many employer plan sponsors must keep records about their coverage and lives covered for every month of 2015. Details include Social Security numbers (for self-insured plans) and […]

Health Benefits For Employee On Disability

Can we ask an employee to pay their monthly portion for their health insurance while they are on disability? Thank you for your inquiry regarding employee health benefits while the employee is out on leave for a disability. The term “on disability” is a broad one that may encompass a variety of leave scenarios. For […]

Complementary Services Fill In High Deductible Gaps

A common problem with traditional health insurance is that even when the premium is paid by an employer, the copays and deductibles can be unaffordable. Potential answers are benefits such as telemedicine and health advocates. Click here to read more.

IRS Details Procedures for e-Filing Hardship Waivers

IRS on Sept. 14 released a new revenue procedure guide for retirement plan administrators seeking to avoid filing certain annual forms electronically, usually for economic hardship reasons. The changes are most likely to apply to small plans. In Revenue Procedure 2015-47, IRS provided some clarity on when some filers can continue using paper to submit […]

With Benefits, More Choices Mean Greater Satisfaction

As the working world continues to evolve into a strange dichotomy—with the lowest unemployment rates since 2008 and at the same time employees’ insecurity about their jobs and their financial situations—the number of benefits you offer can play an important role in employee retention.

What Is the Equal Pay Act?

Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.

benefits

What Are Flexible Benefit (AKA Cafeteria) Plans?

Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis. These plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the benefit and take a cash option instead.