Facebook Twitter Youtube

Author name: Leonard Cavender

Newly Passed Legislation Modifies ACA Reporting Requirements

ACA, ACA Compliance, Employee Benefits Consulting, HR Management / By

On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA) reporting requirements under Internal Revenue Code Sections 6055 or 6056. Under these reporting rules, certain employers and health coverage providers (reporting entities) must provide information to the IRS about the health plan coverage they offer (or …

Newly Passed Legislation Modifies ACA Reporting Requirements Read More »

Moving Beyond the Basics: How Companies Can Offer Competitive Benefits

Benefits Administration, Employee Benefits, Employee Benefits Consulting, HR Management, PEO Services, Workforce Management / By

To truly stand out, companies must go beyond offering only standard or legally required benefits. By expanding their offerings, employers can attract top talent and show genuine care for their workforce’s overall well-being. The Limitations of Standard Benefits Standard benefits are often assumed by prospective employees to be part of any job offer. While essential, …

Moving Beyond the Basics: How Companies Can Offer Competitive Benefits Read More »

FMLA Leave May Be Used to Participate in Clinical Trials

HR Management, Time & Attendance, Workforce Management / By

The Wage and Hour Division (WHD) of the U.S. Department of Labor (DOL) has issued Opinion Letter FMLA2024-01-A, stating that leave under the federal Family and Medical Leave Act (FMLA) may be used by employees to participate in treatment that is part of a clinical trial. The letter was issued Nov. 8, 2024, in response …

FMLA Leave May Be Used to Participate in Clinical Trials Read More »

Summary of the 2024 Employer Health Benefits Annual Survey

Employee Benefits, Employee Benefits Consulting, HR Management, Workforce Management / By

Each year, the Kaiser Family Foundation conducts a survey to examine trends in employer-sponsored health benefits. This article summarizes the main points of the 2024 Employer Health Benefits Survey. Health Insurance Premiums In 2024, the average premiums for employer-sponsored health insurance were $8,951 for single coverage and $25,572 for family coverage. The average single and …

Summary of the 2024 Employer Health Benefits Annual Survey Read More »

Key Takeaways From the DOL’s Employee Benefits Report

Benefits Administration, Employee Benefits, Employee Benefits Consulting, HR Management, Workforce Management / By

The U.S. Department of Labor’s (DOL) Bureau of Labor Statistics (BLS) recently published a report examining employee benefits in the country. The estimates in the report are from the BLS’ National Compensation Survey, which measures costs and trends related to employer-provided benefits. The survey represents more than 146 million civilian workers in private industry and …

Key Takeaways From the DOL’s Employee Benefits Report Read More »

Medicare Part D Notices Are Due Before Oct. 15, 2024

Benefits Administration, Employee Benefits, Employee Benefits Consulting, HR Management / By

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable.  Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2024—the start …

Medicare Part D Notices Are Due Before Oct. 15, 2024 Read More »

DOL Updates Model Employer CHIP Notice

Benefits Administration, Employee Benefits, Employee Benefits Consulting, HR Management, Workforce Management / By

The U.S. Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has released a new model Employer CHIP Notice with information current as of July 31, 2024. Background As a reminder, the Children’s Health Insurance Program Reauthorization Act of 2009 (CHIPRA) imposes an annual notice requirement on employers that maintain group health plans …

DOL Updates Model Employer CHIP Notice Read More »

PCORI Fees Due July 31, 2024

Benefits Administration, Employee Benefits, Employee Benefits Consulting / By

The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax Return. Form 720 and full payment of the PCORI fees are due by July 31 of each year, …

PCORI Fees Due July 31, 2024 Read More »

How the DOL’s New Overtime Rule Could Impact Employee Benefits

Benefits Administration, Employee Benefits Consulting, Payroll Administration, Workforce Management / By

A recent U.S. Department of Labor (DOL) final rule increases the salary thresholds used to determine whether executive, administrative and professional (EAP) employees are exempt from overtime pay under federal law. While the increased thresholds are likely to result in a significant number of employees who were previously exempt now qualifying for overtime pay, employers …

How the DOL’s New Overtime Rule Could Impact Employee Benefits Read More »

Understanding PEOs: Pros, Cons, and When They’re the Right Fit for Your Business

ACA, Benefits Administration, Benefits Enrollment, COBRA, Corporate Wellness Programs, Employee Benefits, Employee Benefits Consulting, ERISA, FSA, HR Management, HRA, HSA, Payroll Administration, PEO Services, Retirement Plan Services, Time & Attendance, Workers Compensation, Workforce Management / By

Understanding PEOs: Pros, Cons, and When They’re the Right Fit for Your Business In the complex landscape of employee benefits and workforce management, businesses often seek solutions that streamline operations, ensure compliance, and offer competitive benefits to employees. One such solution that has gained traction is the Professional Employer Organization (PEO). But what exactly is …

Understanding PEOs: Pros, Cons, and When They’re the Right Fit for Your Business Read More »

Facebook Instagram Twitter Whatsapp

HR

Employee Benefits

Get in touch!

Visit our office or connect us via Phone and Email.
Scroll to Top