Are Annuities a Viable Retirement Solution?

A basket of golden eggs

As more Baby Boomers close in on their ultimate retirement date, the dilemma of how to offer them choices for cashing out their retirement accounts becomes a pressing issue. I’ve seen many employers design their plans to pay out a lump sum only – leaving the retiree to figure out how to structure their income… [Read More]

Get on Top of Nondiscrimination Testing

Woman hiding behind an object just showing eyes and hands

It’s that time of year… No, not Halloween, but even scarier – nondiscrimination testing time! While there are different schools of thought on when to test your cafeteria plans, the bottom line is the IRS requires that your plans have passed all testing by the last day of the plan year. Many employers wait until final… [Read More]

Student Loan Debt Repayment Benefits

Student Loan Debt Repayment Benefits

It would be nice if employers could set up a standardized benefit package that appealed to all employees across all demographics – but the reality is that one size doesn’t fit all. These days, many older employees are delaying retirement and there’s a strong influx of talented young employees entering the workforce. Employers are increasingly… [Read More]

Health Savings Accounts – the Tax Advantage Triple Threat

Health Savings Accounts – the Tax Advantage Triple Threat

As Tax Day comes and goes every year, it makes me think of the money I owe Uncle Sam and if I did everything I could to reduce my taxable income, like take advantage of any pre-tax benefit options available to me through my employer-sponsored programs. Did you know that Health Savings Accounts (HSAs) can… [Read More]

The Advantages of an HDHP/HSA – Truly Understood or Not?

The Advantages of an HDHPHSA – Truly Understood or Not

In an effort to drive down the cost of health plan offerings, employers are pairing High Deductible Health Plans (HDHP) with Health Savings Accounts (HSA). It makes financial sense for employers since premiums are generally much lower than that of an HMO/EPO plan or a POS/PPO plan. This is partly due to the reduced financial… [Read More]

State Healthcare Innovation Possible With 1332 Waivers

health policy

States are allowed to tiptoe to the healthcare edge with Section 1332 State Innovation Waivers. Under this provision, waivers from the exchange regulations are available. In evaluating the application, HHS has developed guidelines which compare costs and benefits under the waiver program to the exchange system. The evaluation of comparability gives special consideration to the… [Read More]

Interesting Facts You Probably Didn’t Know About HSAs

Healthcare Cost  Medical  Health Coverage

With each passing year, more employers are moving to high deductible health plans as the model of choice in managing healthcare spend. Not only are one third of large employers already offering them as the only option, even a major law firm client recently adopted the model in an effort to strategically combat healthcare inflation…. [Read More]

Is Your Benefits Communication Reaching Your Millennial Employees?

iphone  millennial communications

As the baby boomers continue to move toward retirement, millennials are fast becoming the new majority in the workforce. As an employer, do you know how to speak their language? Millennials were born in the 1980s and 1990s, making them around 20 to 35 years old today – they are the first generation that doesn’t… [Read More]

Watch Your Mouth: The Link Between Oral Health and Overall Health

Dental Health

Most, if not all, of our clients offer dental coverage to their employees. Yet when people think about their employer-sponsored insurance, medical generally eclipses dental. Why is that? I’d hazard a guess that when they talk about preventive health, they aren’t considering oral health as something that requires regular attention. They think about getting their… [Read More]

Another Change to ACA: States Can Decide on Small Group Expansion

new york state, universal healthcare

Last night, President Obama signed into law the PACE Act. Passed by both the House and Senate with unanimous consent, this law repeals the mandated small group expansion from groups of up to 50 employees, to groups of up to 100 employees – which was to go in to effect on January 1, 2016. States… [Read More]