Employee Benefits Report – October 2018

New Rule Increases Small Groups Insurance Buying Power

man counting money
If you own a small company, you know the frustration of not having the same buying power as large groups when purchasing health benefit coverage.
Read on for details.
 

The New Frontier of Student Loan Repayment Benefits

mortarboard with moneyStudent loan debt is soaring. The Federal Reserve reports that more than 44 million people owe $1.5 trillion in student loans. Loan amounts average $37,172, although some go as high as $100,000 or more.
Read on for details.

ERISA Q&A: What You Need to Know

piggy bankIf you currently offer, or are planning to offer your employees retirement benefits, make sure you’re familiar with ERISA rules and regulations.
Read on for details.

 

Getting the Most Out of an HSA

Employers are increasingly relying on high-deductible health benefit plans to reduce premium costs.
Read on for details.

Employee Benefits Report – September 2018

Navigating DOL 401(k) Audit Red Flags

red flag
Think there’s no way your retirement plan might be audited? Think again.
Read on for details.
 
 
 

Enforcement of the Employer Shared Responsibility Provisions Now in Full Force

<money with stethoscopeThe Internal Revenue Service (IRS) now is enforcing the Affordable Care Act’s Employer Shared Responsibility provisions (ESRP) for health care benefits for 2015 and 2016. The IRS also has announced the affordability percentage for tax year 2019.
Read on for details.

The Nonprofit Dilemma — How to Provide Good Health Care Benefits

notebookHealth care benefits are a good way to attract and keep top talent. Here’s what you can and cannot do when offering benefits.
Read on for details.
 
 

Wave of the Future: Value-Based Care

The practice of insurers paying fee for services to physicians and hospitals is going the way of the dinosaurs. Look for value-based care to replace the current payment model.
Read on for details.

Life & Health Insurance Advisor – Fall 2018

Getting Ahead of the Curve: Planning Now for Social Security Deficiencies

social security cardIf you’re like most people, Social Security will provide 40 percent of your income during retirement. Unfortunately, without changes, the federal government may not have enough money in 16 years to fully fund the program.
Read on for details.

The State of Medicare: 2018 and 2026

torn dollar billMedicare, like the federal government’s Social Security program, is on track to eventually run out of funds to pay the entire amount of claims made.
Read on for details.
 
 

Insurance That Goes Beyond Health Benefit Coverage

hospital roomHealth Insurance will not always protect you from financial devastation if you suffer from a critical illness.
Read on for details.
 
 
 

Too Much Blue Light? Filtering Lenses May be the Answer

Do you spend a lot of time working on a computer or looking at your smartphone? If so, are your eyes bothering you? Are you having difficulty sleeping?
Read on for details.

Employee Benefits Report – July 2018

Is Your Company’s Retirement Plan Safe from Hacking?

hacked computer
Many employees rely heavily on the money they put into their employer-sponsored 401(k) account to pay for their retirement. The last thing they want is for the money to be stolen by cyber thieves.
Read on for details.

Answering Your Employee’s Questions About Enrolling in Medicare

chalkboardWorking past age 65 is no longer uncommon. According to the U.S. Jobs report, almost 19 percent of people 65 or older worked at least part-time in the second quarter of 2017.
Read on for details.
 
 

What You Need to Know About Group Life Insurance

umbrellaEmployer sponsored life insurance is the way most Americans receive coverage. There are important decisions to make when offering coverage to employees.
Read on for details.
 
 

HSAs — Good for More Than Just Paying Medical Expenses

Your employees can enjoy the benefit of paying their long-term-care insurance premiums tax free — if you offer a Health Savings Account (HSA).
Read on for details.

Employee Benefits Report – June 2018

Could Paid Family Medical Leave Be in Your Company’s Future?

association health plansAlthough the federal Family and Medical Leave Act (FMLA) requires some employers to provide unpaid leave to workers for family or medical reasons, several states now mandate employers to provide paid leave.
Read on for details.
 

ACA Compliance Issues for 2018

2Even though the Affordable Care Act (ACA) is in its eighth year, many employers are not especially confident they know how to stay in compliance with the controversial health care reform law.
Read on for details.
 

What’s The Best Health Care Account for Your Employees?

3Help your employees achieve more control over their health care decisions and expenses by providing them with a savings account for medical expenses.
Read on for details.
 
 

New Disability Insurance Regulations Designed to Provide Safeguards for Policy Holders

New regulations will affect employers and plan administrators who offer short-term and long-term disability plans.
Read on for details.

Life & Health Insurance Advisor – Summer 2018

Life Insurance for any Age — Especially During Retirement

benefits gapThere are many reasons why life insurance can make sense in retirement.
Read on for details.

 
 

Annuity Sales to Pick-Up in 2018

vision insuranceRule changes in 2017 caused a decline in annuity sales. Still, annuities remain popular with investors for a number of reasons.
Read on for details.
 
 

Insurance Terminology 101 — What You Don’t Know Could Cost You

life insuranceHealth insurance protects you from financial ruin should you have a serious health issue and makes it more likely you’ll seek treatment when you’re ill.
Read on for details.
 
 

Convert a Roth IRA Once? Yes. Twice? No.

With the passage of the tax reform bill late last year, you can no longer undo Roth IRA conversions.
Read on for details.

Employee Benefits Report – April 2018

Don’t Let a Flu Epidemic Take Your Business Down

association health plans
A particularly virulent influenza strain, H3N2, was responsible for a record number of illnesses, hospitalizations and deaths this winter.
Read on for details.

Tuition Assistance for a Better Future

2Tuition assistance not only benefits your employees, it helps your company.
Read on for details.

Making a 401(k) Plan a Reality for Your Employees

3A 401(k) retirement plan is one of the most desirable and valuable benefits you can provide your employees. Having an employee retirement plan shows you care about their future and helps employees create a nest egg for a comfortable retirement.
Read on for details.

A Partnership with an Eye To Better Health Care

Three successful American companies decided to see if the status quo of rising health care costs and decreasing patient satisfaction can be improved.
Read on for details.

Employee Benefits Report – March 2018

Stepping into Lower Drug Costs

association health plans
Step therapy can save money but some say there can be a downside.
One way to keep your health benefit plan’s overall costs lower is to encourage employees to choose generic drugs whenever possible. The U. S. healthcare system saved $1.68 trillion from 2005 to 2014 by using generic drugs, according to the IMS Institute for Healthcare Informatics.
Read on for details.

Ten Reasons to Motivate Employees to Use Their Employee Health Benefit Portal

2It’s not enough to give your employees the right health plan if they don’t understand it. An online employee portal or self-service site can help — if employees are motivated to use it.

Read on for details.

Kicking it Up a Notch — Retirement Contribution Limits Increased

3That’s just one of the many changes to retirement plans for 2018.
This year employees can contribute $500 more to their federally legislated retirement funds. The federal government raised contribution limits to $18,500 for 401(k), 403(b), most 457 plans, and the Thrift Savings Plan. The adjustment was made to keep up with the cost of living. Participants age 50 or older, by the end of 2018, may make additional catch-up contributions of $6,000, meaning older savers may defer up to $24,500 into their retirement plan.
Read on for details.

Ways to Proactively Combat Mental Health Issues in the Workplace

Do you have employees who are depressed, anxious or addicted to alcohol or drugs? If so, do you know what to do?

Read on for details.

Life & Health Insurance Advisor – Spring 2018

Watch for Health Insurance Premium Increases

benefits gapReinstating the Health Insurance Act and repealing the individual mandate to purchase insurance could both contribute to a rise in premiums.
Read on for details.

 

Haven’t Saved Enough for Retirement? Here’s a Few Ideas

vision insuranceIf you aren’t on course to save $1 million by the time you retire, you’ll have to get creative. The Motley Fool, a multimedia financial-services company, says that’s the amount of money a couple will need to live comfortably after they retire.
Read on for details.

Life Insurance: When Free isn’t Enough

life insuranceEmployer sponsored life insurance may not meet all your needs.
Read on for details.
 
 
 

How Life Insurance Companies Get to the Truth

Life insurance companies need honest answers to questions about your health to determine appropriate premiums and coverage levels. Some applicants are tempted to leave out or misstate information they don’t see as important — or think will adversely affect their benefits.

Read on for details.

Employee Benefits Report -January 2018

Pharmacogenomics: Better Health and Cost Savings

association health plans
Drugs are formulated for normal physiology. Physicians with knowledge of a person’s unique genetic makeup can better determine which drugs will be most effective. Read on for details.
 

Short- or Long-Term? Which Disability Policy is Best for Your Employees?

2Long-term disability coverage offers employees better financial security. Yet most workers choose short-term coverage
Read on for details.
 
 

The Benefits of Offering Supplemental Life Insurance

3Supplemental insurance allows employees to customize their coverage to meet their individual needs. Read on for details.
 
 
 

Voluntary Benefits Now Almost Mandatory

>More employers are turning to voluntary benefits as a cost-effective way to help employees protect their financial assets. Employees, too, are looking for more robust benefit packages.

Read on for details.

Employee Benefits Report -December 2017

Changes to 401(k) Plans Under Consideration

association health plans
Congress is debating possible changes to the 401(k) retirement plans employers offer their employees. Some of the ideas being discussed by Senators and Representatives would favor employees, some would benefit the federal government. Read on for details.

Vision Insurance Trends to Incorporate in Your Benefit Plans

2Employees increasingly rank vision insurance as one of the most important benefits. Here’s how to get the right plan for your employees:
 
 
 
Read on for details.

Proposed Changes to Group Health Insurance for Small Employers

3The president and congress continue proposing changes to healthcare laws and the country continues to debate what the effects of those proposals will be. Read on for details.
 
 

Getting the Most Out of Disability Benefits

You spend valuable time and money to offering benefits to your employees. So imagine how frustrating it would be for you and your employees if they were unable to enjoy the benefits they deserve.

Read on for details.

Life & Health Insurance Advisor – Winter 2017

Financially Sound Ways to Give to Minors

benefits gapThere are many options for helping a child secure his or her financial future.
Read on for details.
 
 
 

Is Short-Term Medical Insurance a Good Fit for Your Situation?

vision insuranceIf you missed open enrollment or have certain “life events” short-term insurance can keep you covered.
Read on for details.
 
 
 

Take Steps to Improve Your Financial Retirement

life insuranceMost baby boomers have less than half the assets they expect to need in retirement
Read on for details.

 
 
 

Will Your Health Insurance Cover Your Trip Overseas?

The day has come! You’re headed overseas for the trip of your lifetime. But what happens if you get sick on the trip? Really sick?
Read on for details.

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