Get In Touch
Author: Webber Advisors
-
IRS Proposed Regulations Recognize Same Sex Marriage | PA Employee Benefits
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors In June 2015, the Supreme Court ruled in Obergefell v Hodges that the 14th Amendment requires a state to license a marriage between two people of the same sex, and to recognize a marriage between two people of the same sex when their marriage was…
-
IRS Announces 2016 Retirement Plan Contribution Limits | Pennsylvania Employee Benefits
www.thinkhr.com On October 21, 2015, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change in 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment.…
-
Cafeteria Plans: How to Handle Participant Contributions | Pennsylvania Benefits Broker
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Cafeteria plans, or plans governed by IRS Code Section 125, allow employees to pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and specified pre-tax qualified benefits, for example, health insurance. Employees are given…
-
Americans Prefer Cleaning Toilets Over Researching Health Benefits | Duncansville Benefits Broker
www.newsusa.com When it comes to choosing the right health insurance plan, American workers are not spending much time researching the best options for themselves or their families. Even though the terms of health insurance policies can change year over year, 56 percent say they devoted less than 30 minutes to researching their benefits options during…
-
Temporary Safe Harbor for Online Posting of SBCs | PA Benefits Broker
By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors A Summary of Benefits and Coverage (SBC) is a four-page (double-sided) communication required by the federal government under the Patient Protection and Affordable Care Act (ACA). It must contain specific information, in a specific order and with a minimum size type, about a group health…
-
Perfect Attendance! How to Handle Leaves of Absence under the ACA | Pennsylvania Employee Benefits
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors The Patient Protection and Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer full-time employees health coverage, or pay one of two employer shared responsibility penalties. An ALE is an employer with 50 or more full-time or full-time equivalent employees (for 2015, this…
-
IRS Notice on Minimum Essential Coverage Reporting | PA Employee Benefits
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Minimum essential coverage or “MEC” is the type of coverage that an individual must have under the Patient Protection and Affordable Care Act (ACA). Employers that are subject to the ACA’s shared responsibility provisions (often called play or pay) must offer MEC coverage that is…
-
Don’t Let Spooky Pests Haunt Your Home This Fall | L.R. Webber Associates, Inc
www.newsusa.com With Halloween and cooler weather right around the corner, sightings of creepy creatures indoors are sure to be on the rise as they search for cozy places to hole up for the winter. Rats, bats and spiders are the stuff nightmares are made of, and for good reason; these creepy critters are capable of…
-
How to Get Employees’ Attention during Open Enrollment | Duncansville Benefits Broker
By Matthew Augustine, GPHR, REBC CEO of Hanna Global Solutions, a UBA Partner Firm It’s that time of the year – open enrollment season is here! Insurance carriers are presenting renewals and brokers are presenting ways to alleviate the cost pressure with innovative cost management strategies. HR and benefits professionals are under pressure to think…
-
IRS Proposes Minimum Value Rule Change to Mesh IRS and HHS Rules | Duncansville Employee Benefits
Posted by Danielle Capilla Beginning in 2015, under the Patient Protection and Affordable Care Act (ACA), large employers must offer affordable, minimum value coverage to their full-time employees or potentially pay a penalty. Some companies have or had been marketing a plan that they state satisfies the minimum value requirement (an actuarial value of 60…
Blog