Benefits Easy: Intro to Self-Funding | PA Employee Benefits

As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket … Continued

IRS Releases Final 2017 ACA Reporting Forms and Instructions | PA Benefit Advisors

The IRS has finalized the forms and instructions that employers will use for 2017 reporting under the Affordable Care Act (ACA).Applicable large employers (ALEs) will use the following:2017 Form 1094-C (transmittal to IRS).2017 Form 1095-C (statement to individual).2017 Instructions for Forms 1094-C and 1095-C (instructions).Employers that self-fund a minimum essential coverage plan will use the … Continued

Employer Medicare Part D Notices Are Due Before October 15 | PA Benefit Advisors

Are you an employer that offers or provides group health coverage to your workers? Does your health plan cover outpatient prescription drugs—either as a medical claim or through a card system? If so, be sure to distribute your plan’s Medicare Part D notice before October 15.Purpose Medicare began offering “Part D” plans—optional prescription drug benefit … Continued

Court Orders the EEOC to Reconsider Its Wellness Program Rules | PA Benefit Advisors

On August 22, 2017, in AARP v EEOC, a federal court found that regulations allowing employers to offer large incentives under workplace wellness programs were arbitrary. The court did not vacate (nullify) the rules due to concerns about disrupting employers’ existing programs. Instead the court has ordered the responsible agency, the Equal Employment Opportunity Commission … Continued

Wellness Programs – Getting Started and Remaining Compliant | PA Benefit Advisors

Where to Start?First, expand the usual scope of wellness activity to well-BEING. Include initiatives that support more than just physical fitness, such as career growth, social needs, financial health, and community involvement. By doing this you increase your chances of seeing a return on investment (ROI) and a return on value (ROV). Qualitative results of … Continued

When Grief Comes to Work | PA Benefit Advisors

Death and loss touch all of us, usually many times throughout our lives. Yet we may feel unprepared and uncomfortable when grief intrudes into our daily routines. As a manager, when grief impacts your employees it’s helpful to have a basic understanding of what they are going through as well as ways you can help.Experiencing … Continued

Best Practices for Initial COBRA Notices | PA Benefit Advisors

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) requires group health plans to provide notices to covered employees and their families explaining their COBRA rights when certain events occur. The initial notice, also referred to as the general notice, communicates general COBRA rights and obligations to each covered employee (and his or her spouse) … Continued

 

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