Resources

New HRA Rules Effective 2020

This past month, the Trump administration finalized a new rule that allows for expansion in the use of Health Reimbursement Arrangements (HRAs). Starting January 1, 2020, employers can fund premiums for their employees in the individual health insurance market by...

What You Need to Know About Paid Leave

With the vast majority of employees expressing how important benefits are to their overall job contentment, organizations must engage in strategic benefits planning to increase employee-satisfaction. One way of achieving this is by offering paid leave to workers. Paid...

Reference-Based Pricing—Is it the Right Fit for Your Company?

Choosing an insurance plan that fits employees’ needs can be difficult, especially with the high demand for competitive benefit packages. Tasked with absorbing increased healthcare prices, many employers are seeking alternative funding methods to improve...

Can Wearable Technology Transform Employees’ Health?

Wearable Smart devices and their wide range of advanced capabilities are becoming an integral part ofdaily life and the workplace. The rapid development of wearable technology has since raised thequestion of how Smart devices can improve one’s health. As an employer,...

Are Domestic Partner Benefits Taxable?

The legalization of same-sex marriage nationwide has made it easier in some sense, for employers to administer the tax impact of health benefits provided to same-sex spouses of employees. What about employers who offer employer sponsored benefits to Domestic Partners?...

What Do Employees Want from a Health Plan?

If you were to ask a handful of people what they want from a health plan, there’s a pretty good chance the following demands will appear on the list. For employers, recognizing these consumer demands can go a long way in providing your employees with the best health plan options and experience available.

What are Qualifying Life Events?

What is a Qualifying Life Event?
One of the things you can count on in life is change. When those changes occur, they might open the door for an employee to qualify to sign up for health insurance or make a change outside of an annual enrollment period.

New Employee Benefit Limits for 2019

Many employee benefits are subject to annual dollar limits that are periodically increased to keep up with inflation. The IRS has issued new annual dollar limits for some welfare and retirement plans.

Employers should take note of the benefit limit changes and update their benefit plan designs and plan documents accordingly.

2019 ACA Penalty A and Penalty B

Very little has been written about the section 4980H penalty amounts for 2019. Fortunately, after reviewing the Code and figuring out the premium adjustment percentage, it is easy to determine the penalty amounts for 2019. This article explains the Code provision and the math behind the 2019 penalty amounts.