Category Archives: Employee Benefits

Legal Alert: Employee Benefit Changes in the Tax Cuts and Jobs Act of 2017

On December 22, 2017, President Trump signed what is popularly known as the Tax Cuts and Jobs Act (H.R. 1) (the “Bill”), overhauling America’s tax code for both individuals and corporations and providing the most sweeping changes to the U.S. … Continue reading

Posted in Benefits Administration, Benefits Brokerage, Benefits Consulting, Employee Benefits, Employee Benefits Consulting, Human Capital Management |

Legal Alert: IRS Extends Deadline for Furnishing Forms 1095, Extends Good Faith Transition Relief

The Internal Revenue Service (IRS) has released Notice 2018-6, extending the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31, 2018 to March 2, 2018, as well as penalty relief for good-faith reporting errors. The due date … Continue reading

Posted in Affordable Care Act, Benefits Consulting, Compliance, Employee Benefits |

2017 Compliance Year End Review – What to Expect in 2018

2017 has been a very interesting year in regards to politics and economics. Early in the year, Donald Trump was sworn in as the 45th president of the United States. That in and of itself has provided enough material to … Continue reading

Posted in Affordable Care Act, Benefits Administration, Benefits Advisor, Benefits Consulting, Compliance, Employee Benefits |

2018 Healthcare Forecast

I keep searching for a crystal ball that provides a clear vision into the cloudy future of the healthcare industry; but no luck so far.  However, here are a few things to consider: CVS Health to Buy Aetna? Well, that … Continue reading

Posted in Benefits Administration, Benefits Advisor, Employee Benefits, Employer Mandate, Health Care Reform |

Legal Alert: Massachusetts Releases Proposed Regulations on EMAC Supplement; HIRD Form Returns

On August 1, 2017, Massachusetts Governor Charlie Baker signed H.3822, which increases the existing Employer Medical Assistance Contribution (EMAC) and imposes an additional fee (EMAC Supplement) on employers with employees covered under MassHealth (Medicaid) or who receive subsidized coverage through … Continue reading

Posted in Benefits Administration, Benefits Advisor, Benefits Consulting, Employee Benefits, Employee Benefits Consulting |

CVS Health to Buy Aetna?

The healthcare industry has been buzzing with rumors surrounding CVS Health’s possible purchase of Aetna.  Here are some of the questions people are asking: 1) Why would CVS Health and Aetna want to become one company? Aetna has about 45 … Continue reading

Posted in Benefits Consulting, Employee Benefits, Employee Benefits Consulting, Human Capital Management, Workforce Management |

UPDATED Legal Alert: IRS Updates Employer Mandate FAQs: Indicates that Penalty Letters are Imminent

This is an update of our November 7, 2017 Alert to include issuance of Form Letter 226J. The Internal Revenue Service (IRS) has updated its list of frequently asked questions (FAQs) on the Affordable Care Act’s employer shared responsibility provisions … Continue reading

Posted in Affordable Care Act, Benefits Advisor, Employee Benefits, HR Service, Workforce Management |

Legal Alert: IRS Increases Health FSA Contribution Limit for 2018, Adjusts Other Benefit Limits

On October 20, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-58, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,650 for plan years beginning in 2018. The Revenue Procedure also contains the cost-of-living … Continue reading

Posted in Affordable Care Act, Benefits Administration, Benefits Advisor, Benefits Consulting, Employee Benefits, Employee Benefits Consulting, Human Capital Management, Human Resource Solutions, Workforce Management |

Legal Alert: Trump Administration Releases Guidance on ACA’s Contraceptive Coverage Mandate

On October 6, 2017, The U.S. Departments of Health and Human Services (HHS), Treasury, and Labor (the “Departments”) released interim final regulations allowing employers and insurance companies to decline to cover contraceptives under their health plans based on a religious … Continue reading

Posted in Affordable Care Act, Employee Benefits, Employer Mandate | Tagged , , , , |

What You Need to Know About New York Paid Family Leave

All employers need to be aware of a new requirement beginning on January 1, 2018…the New York Paid Family Leave Law (PFL). The PFL effects any employer with one or more employees working in New York State and provides paid … Continue reading

Posted in Benefits Advisor, Employee Benefits, HR Service, Human Capital Management |

HEALTHCARE CLAIMS DATA – THE HOLY GRAIL? Part 2

One of the biggest frustrations that I hear from employers is that their health insurance carrier does not provide them with the data that they need in order to best manage their healthcare plan.  One of our distinct “value propositions” … Continue reading

Posted in Benefits Advisor, Benefits Brokerage, Benefits Consulting, Employee Benefits, Employer Mandate, Human Resource Solutions |

Legal Alert: Court Requires EEOC to Substantiate 30% Limit on Wellness Program Incentives

On August 22, 2017, a federal court in the District of Columbia ordered the Equal Employment Opportunity Commission (EEOC) to reconsider the limits it placed on wellness program incentives under final regulations the agency issued last year under the Americans with … Continue reading

Posted in Benefits Advisor, Benefits Consulting, Employee Benefits, Employee Benefits Consulting, Wellness |

What Safety Regulations Apply to Your Business?

When it comes to workplace safety, ignorance is no defense. OSHA safety and health regulations often apply to all businesses, regardless of size. If you’re not sure which regulations apply to your business, OSHA provides some resources. It has created … Continue reading

Posted in Employee Benefits, HR Service, Workforce Management |

HEALTHCARE CLAIMS DATA – THE HOLY GRAIL?

One of the biggest frustrations that I hear from employers is that their health insurance carrier does not provide them with the data that they need in order to best manage their healthcare plan.  One of our distinct “value propositions” … Continue reading

Posted in Benefits Administration, Benefits Advisor, Employee Benefits, HR Service | Tagged , , , |

A New Trend: Runners Get Discounts on Life Insurance

Perhaps you’ve seen the ad on Facebook or elsewhere, noting runners have a “35 percent lower risk of all-cause mortality” and may be eligible for life insurance discounts. In light of research revealing the health benefits of running—lower blood pressure, … Continue reading

Posted in Employee Benefits, Employee Benefits Consulting, HR Service |