It sure is hot this summer. How hot is it? It’s so hot that… well, let’s just say that it’s so hot people need to remember to stay hydrated. And that’s not just for people who exercise!
The Affordable Care Act’s Employer-Shared Responsibility (ESR), otherwise known as Play or Pay, is here! Not only are employers struggling to apply the once-abstract-but-now-actual complex and convoluted rules and regulations, employers are facing yet another hurdle – Affordable Care Act (ACA) Information Returns (AIR).
Under the Patient Protection and Affordable Care Act, individuals are required to have health insurance while applicable large employers are required to offer health benefits to their full-time employees. Employers with 50 or more full-time or full-tim…
By Bill Olson, Chief Marketing Officer at United Benefit Advisors As our recent press release addressed, DOL audits are on the rise. Not many things incite more fear than receiving a notice that you’re about to have an audit, especially from the DOL. The Department of Labor (DOL) is a cabinet-level department of the U.S. … Continued
By Robin J. Anderson, Senior Economist, Principal Global Investors Global economic trends have a profound impact on human resource management with effects on everything from talent management, hiring, outsourcing, investment strategies, wages, asset management and business development. As globalization continues to shrink the world, human resource departments are transforming themselves into strategic business partners with … Continued
By Bill Olson, Chief Marketing Officer at United Benefit Advisors As the saying goes, an ounce of prevention is worth a pound of cure, and that’s definitely the case when it comes to a health plan audit by the U.S. Department of Labor (DOL). And prevention is certainly warranted, according to Jeff Hadden, Partner at … Continued
By Michael Humphrey, MLHR, Sr. Employee Benefits Advisor at The Wilson Agency A UBA Partner Firm In last week’s blog, we explained the different types of stop-loss insurance. This week we will go over another important aspect of stop-loss: contract periods. Stop-loss contract periods are perhaps the most complicated aspect of understanding how stop-loss insurance … Continued
By Michael Humphrey, MLHR, Sr. Employee Benefits Advisor at The Wilson Agency A UBA Partner Firm With the rising cost of health insurance and the need to provide coverage to employees, we have noticed many employers taking advantage of becoming self-insured. While being self-insured isn’t for everyone, there are definite advantages, such as the possibility … Continued
By Elizabeth Kay, Compliance & Retention Analyst AEIS Advisors A UBA Partner Firm Self-funding is a very hot topic these days for a number of reasons. For small group employers offering a self-funded plan this means they can charge a composite premium rate based on the employee population versus the community rates that are based … Continued
By Jennifer Kupper, In-house Counsel for iaCONSULTING, a UBA Partner Firm Health Insurance Providers Fee Section 9010 of the Patient Protection and Affordable Care Act (PPACA) imposes a fee on each covered entity engaged in the business of providing health insurance for United States health risks. This is known as the Health Insurance Providers (HIP) … Continued
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