Employers’ Guide to Understanding ERISA
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.
Life Insurance for the Life of Your Business
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.
Compliance Issues for the Rest of 2022
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.
Not Following the Employer Mandate Can Mean Stiff Penalties
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.
How to Fight the Employee Exodus
According to the Bureau of Labor Statistics, more than 38 million workers quit their jobs in 2021. With employee resignations rising to record numbers, employers are looking for ways to curb the exodus.
What Can Employers Do About High Drug Costs?
Which of your employer-sponsored health plan costs cause you the most headaches? If you’re like 60% of the employers surveyed by the National Alliance of Healthcare Purchaser Coalitions, it’s the rising cost of prescription drugs.
Early Retirees Need Health Coverage Options
It’s a dream come true for many Americans when they realize they can retire early. But when people retire early, they are too young for Medicare. What are their options?
No Surprises Act Fails to Remove All Surprises
A new document designed to clarify the No Surprises Act regulations addresses some medical billing issues but leaves other important guidance to be determined later.
New Saving Incentive for Grandparent-Owned 529 Plans
The Consolidated Appropriations Act has made it easier for grandparents to save money for grandkids in an employer-sponsored 529 plan — starting with the 2023-2024 academic year.
What to Expect for Retirement Savings Plans in 2022
With a new year often comes new rules. Here’s what the federal government has planned for retirement savings plans in 2022.