Resources
We were excited to have our very own, Heather Bowers, get interviewed by Susan Combs and Benefit Pro magazine about some of her success in 2019.
Employers need to follow these requirements in order to remain in compliance with the state- specific individual mandates. The mandates affect employers with employees in California, Massachusetts, New Jersey, Rhode Island, Vermont and Washington D.C.
Many employers with less than 50 employees struggle to provide health insurance to their team due to the high cost of coverage. Additionally, when they do offer it, employees aren't always interested in enrolling and so that leaves the employer unable to meet the employee participation requirement that the insurance carriers require. As part of the Affordable Care Act, the insurance carriers offer a "Participation Holiday" one time each year when employees can enroll in coverage and there are no premium contribution requirements for the employer and no participation requirements from the employees. Check out this video on our YouTube channel to learn more: https://youtu.be/NW8jNnjz6Wg
HRA Changes and Tax Savings information to save money. Are you an employer looking for a way to offer a benefit to your employee while providing some tax-free savings? Starting in 2020, employers will have three different HRA’s (Health Reimbursement Arrangement) that only employers can contribute to.