On June 21, the Employee Benefits Security Administration published the final regulation around Association Health Plans (AHPs) which allows small business and certain self-employed individuals to band together and expand their access to affordable health coverage for their employees. Earlier this year, when the U.S. Department of Labor initially announced their proposal to expand access […]
In today’s fierce and tight labor market, the need to provide competitive employee benefits to recruit and retain top talent has become one of management’s top priorities. As businesses grow, however, the administering of benefits becomes more time consuming and the necessity to put proper efficiency tools in place also becomes crucial in order to […]
The election of President-elect Donald Trump on Tuesday answered many questions of what was a two-year campaign for the White House. However, it also raised many questions as well. Almost immediately, journalists as well as citizens were pondering the fate of the Affordable Care Act (Obamacare). As part of what turned out to be an […]
In an effort to promote more accountability to facilities that focus on Long-Term care, The Centers of Medicare and Medicaid Services (CMS) has mandated a new reporting tool called Payroll Based Journal (PBJ) Reporting in order to collect information that is related directly to care staffing and reporting requirements. CMS has acknowledged the connection between […]
A big question that employers have is whether or not they need to offer health coverage to those individuals who are currently on a leave of absence and/or receiving disability benefits. The short answer is yes – all Applicable Large Employers (ALEs) are required to offer health coverage plans to their full time employees. If […]
The Affordable Care Act (ACA), also known and commonly referred to as Obamacare, can result in a penalty against large employers that don’t offer coverage to their eligible employees. These penalties are often referred to as Employer Shared Responsibility penalties. For 2015, there are two different types of transition relief that an employer could be […]
A Broker’s Role is Not About Pricing Anymore Before the ACA, annual renewals were all about price negotiation, but now companies are looking to their brokers for help with ACA compliance, and compliance with other laws such as the Employment Retirement Income Security Act. Brokers will have to take on more than negotiating price and […]
How the Presidential Candidates’ Viewpoints Regarding the ACA Could Impact Your Company In This Article: • Democratic Party • Republican Party • Possible Change in Benefits • What PAYDAY Can Do To Help As you may already know we are in the middle of the 2016 presidential campaign season and with majority of the focus […]
With all the changes in the health care and the insurance industry today, benefits are more important than ever. While open enrollments can be exhausting, the work employers put into benefits can’t end there. Your employees need a whole lot more from your benefits than enrollment forms and deadlines. Here are 4 suggestions on how […]
In this article: What ACA and HSA are What this means for you as the employer and how it could impact your company What you can do about it How PAYDAY can help What ACA and HSA Are High-deductible health plans are what the healthcare benefits industry is leaning towards nowadays. Many companies are starting […]