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House Passes SECURE Act 2.0

By |2023-06-14T19:23:59+00:00June 22nd, 2022|Blog, Employee Benefits|

Employee benefits liability (EBL) is insurance that covers businesses from errors and omissions that occur when employee benefit plans are administered. These errors and omissions may include failing to enroll, maintain or terminate employees in a plan, and failing to correctly describe benefit plans and eligibility rules to employees. EBL insurance covers a wide range of plans, including health, dental and life insurance, profit-sharing plans, workers’ compensation and employee stock plans. EBL insurance is typically sold as a standalone policy.

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The Growing Popularity of Earned Wage Access

By |2023-06-14T18:57:28+00:00June 20th, 2022|Blog, Employee Benefits|

Employee benefits liability (EBL) is insurance that covers businesses from errors and omissions that occur when employee benefit plans are administered. These errors and omissions may include failing to enroll, maintain or terminate employees in a plan, and failing to correctly describe benefit plans and eligibility rules to employees. EBL insurance covers a wide range of plans, including health, dental and life insurance, profit-sharing plans, workers’ compensation and employee stock plans. EBL insurance is typically sold as a standalone policy.

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Requirement to Post Machine-Readable Files Begins July 1

By |2023-06-14T15:00:28+00:00June 8th, 2022|Blog, Employee Benefits, Safety Tips|

The Transparency in Coverage (TiC) rule is gaining more attention as the deadline to post a public link to certain machine-readable data files is July 1, 2022.

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DOL Announces Increase in FMLA Audits – Employers Should Be Ready

By |2023-03-24T20:28:03+00:00May 7th, 2022|Blog, Employee Benefits, Safety Tips|

The U.S. Department of Labor (DOL) announced in February that it would be ramping up audits on employers.

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Should Preventative Care Be an Essential Benefits Component?

By |2022-05-18T00:57:51+00:00May 4th, 2022|Blog, Employee Benefits, Safety Tips|

Research by One Medical, a primary care organization, and Workplace Intelligence, an HR and advisory firm, revealed that 65% of workers would give up a wide range of perks, including paid vacation, flexible hours and bonuses for better health benefits.

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Employers’ Guide to Understanding ERISA

By |2022-12-06T20:02:16+00:00April 13th, 2022|Blog, Employee Benefits, Safety Tips|

The Employee Retirement Income Security Act (ERISA) provides insurance companies and private employers with guidelines on how to administer retirement and health plans to employees.

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Life Insurance for the Life of Your Business

By |2022-12-06T20:04:22+00:00April 10th, 2022|Blog, Employee Benefits, Safety Tips|

Life insurance is usually purchased to protect a family’s finances when the breadwinner dies. But business owners may also wish to purchase life insurance to protect partners, the business and employees.

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Compliance Issues for the Rest of 2022

By |2022-12-06T20:08:55+00:00April 6th, 2022|Blog, Employee Benefits, Safety Tips|

Even though we are well into 2022, there are compliance issue changes on the horizon involving overtime, booster shots and paid leave. Here’s what the changes could mean to your company this year.

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Not Following the Employer Mandate Can Mean Stiff Penalties

By |2022-12-06T20:15:39+00:00March 15th, 2022|Blog, Commercial Insurance, Employee Benefits, Safety Tips|

Under the Affordable Care Act’s (ACA) employer mandate, applicable large employers (ALEs) must offer comprehensive health coverage to full-time employees. Employers who don’t comply will face penalties if any employees become eligible for premium credits in the healthcare marketplace.

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