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Category: benefits
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Employer Exchange Notices–No Changes Needed | PA Benefit Advisors
Employers are required to give all new hires a Notice of Marketplace Coverage Options – often referred to as the Employer Exchange Notice. The U.S. Department of Labor (DOL) provides model notices that employers can download, customize, and distribute to workers. Although the model notices were scheduled to expire May 31, 2017, the DOL has…
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Ask the Experts: Requiring Cybersecurity Training | PA Benefit Advisors
Question: We are a small company—40 employees. Are there policies we should have in place for cybersecurity? Can we make employee training on cybersecurity mandatory? Answer: Companies of all sizes are smart to be concerned about cybersecurity, especially in light of the recent WannaCry ransomware attack. There are steps you can take to reduce the risks…
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DOL Fiduciary Rule Takes Effect June 9 | PA Benefit Advisors
In an editorial in the Wall Street Journal yesterday, Department of Labor Secretary Alexander Acosta stated that the DOL’s fiduciary rule will become effective June 9, 2017. “We have carefully considered the record in this case, and the requirements of the Administrative Procedure Act, and have found no principled legal basis to change the June…
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Can Employees’ Social Media Comments Ever Cross the Line? | PA Benefit Advisors
We’ve all read or heard about people who have been “Facebook fired” or reprimanded for making disparaging posts or comments on social networking sites. Social media can be a great tool for sharing news about your business and as a place for your employees to connect, but it can create problems as well. As of…
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Financial Wellness Benefits – Adapting Them In The New Workforce | PA Benefit Advisors
Over the past few years, we’ve seen tremendous growth in Financial Wellness Programs. Actually, as indicated in a recent report by Aon Hewitt, 77% of mid- to large-size companies will provide at least one financial wellness service in 2017; with 52% of employers providing services in more than 3 financial categories. So what are the…
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IRS Announces HSA Limits for 2018 | PA Benefit Advisors
On May 4, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-37 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2018. An HSA is a tax-exempt savings account employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered by a…
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What You Need To Know About Voluntary Benefits | PA Benefit Advisors
Voluntary Benefits are Supplementary Benefits in addition to the core benefits package that the employee can choose to add.
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U.S. House Passes Health Care Bill. The Senate Now Holds the Cards. | PA Benefit Advisors
On May 4, 2017, the U.S. House of Representatives passed legislation to repeal and replace the Affordable Care Act (ACA). An earlier version of the House bill, called the American Health Care Act (AHCA), had been debated in March but was not voted on due to opposition from Democrats and insufficient support from Republicans. This…
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L.R. Webber Client Wins “Plan Sponsor of the Year” Award | PA Benefit Advisors
Duncansville, PA (April 28, 2017) – A client of Webber Advisors Associates (LRW), Thomas Automotive Family, recently won the “Plan Sponsor of the Year” award from PLANSPONSOR, a trusted magazine for retirement benefits decision makers, in the <$10MM Plan Asset Category. This was a great honor for both their client and the agency for far…
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3 Questions to Ask When It Comes to Life Insurance | PA Benefit Advisors
Your life insurance needs will ebb and flow throughout your lifetime. Buying a term policy early in your career or taking a basic employer-issued life insurance policy is a common course of action. However, deciding how much and what type of life insurance you need at each stage of your life will serve you and…
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