Client Articles & Information
Affordability Safe Harbors under the ACA The Affordable Care Act (ACA) includes provisions requiring employers to offer affordable health insurance coverage to their employees to avoid potential penalties. To determine affordability, the ACA has established three safe...
Employee Net Promoter Scores
Check out our podcast on Employee Net Promoter Scores here: . Employee Net Promoter Score (eNPS) FAQ 1. What is an Employee Net Promoter Score (eNPS)? eNPS is a metric used to gauge employee satisfaction and loyalty within a company. It mirrors the customer-focused...
Frequently Asked Questions About Health Savings Accounts (HSAs)
Introduction Health savings accounts (HSA) are a popular type of tax-advantaged savings account that can be used to pay for out-of-pocket medical expenses. Individuals must meet certain eligibility criteria to contribute to an HSA (or have contributions made on their...
Employers Must Use New Form I-9 Starting Nov. 1, 2023
Beginning Nov. 1, 2023, employers are required to use the newest version of Form I-9. This form, provided by the U.S. Department of Homeland Security’s Citizenship and Immigration Services, has been available since August, but the prior version was accepted through...
Reminder: PCORI fee due by July 31
The Patient-Centered Outcomes Research Institute (PCORI) fee helps fund research that evaluates and compares health outcomes, clinical effectiveness, risks and benefits of medical treatments and services. The fee, which is effective 2012-2019, is treated like an...
IRS announces family contribution changes for HSAs
Today, the IRS published that contains Revenue Procedure (Rev. Proc.) 2018-19. Effective for calendar year 2018, the family contribution limit for HSAs has been lowered to $6,850 from the previously set amount of $6,900. This change came as a result of the tax reform...
Employee Notice of Exchange
As of October 1, 2013, employers must notify its employees about the availability of the health insurance marketplaces or exchange. This applies to essentially all businesses and requires employers to provide the Exchange Notice to all employees on payroll. Employers...
W-2 Reporting
PPACA requires employers to report the cost of coverage under an employer-sponsored group health plan on an employee’s Form W-2, “Wage and Tax Statement.” This reporting is for informational purposes only to show employees the value of their health care benefits so...
Distribute those SBC’s!
Summary of Benefits & Coverage A group health plan (and its administrator) must provide a summary of benefits and coverage (SBC) for each benefit package free of charge to entities and individuals for open enrollment periods starting on or after Sept. 23, 2012....