Category: benefits

CMS Disclosure Requirement for Employer Health Plans | PA Benefit Advisors

Feb 14, 2018

—

by

LR Webber

in benefits, CMS, drug coverage, Employees, Employers, federal law, Financial Planning, Financial Wellness, health, Health Care, HMO, Medicare, Medicare Part D Notices

Do you offer health coverage to your employees? Does your group health plan cover outpatient prescription drugs? If so, federal law requires you to complete an online disclosure form every year with information about your plan’s drug coverage. You have 60 days from the start of your health plan year to complete the form. For…
Benefits Easy: Intro to Self-Funding | PA Benefit Consultants

Feb 9, 2018

—

by

LR Webber

in benefits, budgets, Employees, Employers, Financial Debt, Financial Planning, Financial Wellness, health, Health Care, Health Care Reform, Insurance, Latest News, Life Insurance, Pennsylvania, Philadelphia, renting, Reporting, self-funding, tax law, taxes

As the first month of 2018 wraps up, companies have already begun the arduous task of submitting budgets and finding ways to cut costs for the new year. One of the most effective ways to combat increasing health care costs for companies is to move to a Self-Funded insurance plan. By paying for claims out-of-pocket…
Federal Employment Law Update – January 2018 | PA Benefit Advisors

Jan 24, 2018

—

by

LR Webber

in benefits, Department of Labor, DOL, Employees, Employers, FLSA, intern, internship, IRS, Latest News, OSHA, PBGC, Pennsylvania, Philadelphia, President Trump, Reporting, WHD, Workplace

WHD Revises Test for Unpaid Internships On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) released a Field Assistance Bulletin (FAB No. 2018-2) establishing that the primary beneficiary test, rather than the six-point test, will determine whether interns at for-profit employers are employees under the federal Fair Labor Standards Act…
So Who Is a Paid Intern Now? | Pennsylvania Benefit Consultants

Jan 18, 2018

—

by

LR Webber

in benefits, budgets, Circuit Courts, Department of Labor, DOL, Financial Planning, Financial Wellness, FLSA, intern, internship, Pennsylvania, Philadelphia, President Trump, Reporting, Wellness, WHD

On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) created new guidance for determining whether a worker could be classified as an unpaid intern under the federal Fair Labor Standards Act (FLSA). The FLSA requires “for-profit” employers to pay employees for their work. Interns, however, may not be classified as…
Oral Health = Overall Health | PA Benefit Consultants

Jan 10, 2018

—

by

LR Webber

in benefits, dental, dental health, Employees, Employers, Financial Planning, health, Insurance, Pennsylvania, Philadelphia, Reporting, Social Media, Wellness

Have you heard the saying “the eyes are the window to your soul”? Well, did you know that your mouth is the window into what is going on with the rest of your body? Poor dental health contributes to major systemic health problems. Conversely, good dental hygiene can help improve your overall health. As a…
New Year, New Penalties | PA Benefit Advisors

Jan 5, 2018

—

by

LR Webber

in benefits, Department of Labor, DOL, Employers, Financial Planning, Financial Wellness, OSH Act, OSHA, Philadelphia, Reporting, Wellness

Department of Labor Publishes Updated Penalties for OSHA Violations On January 2, 2018, the U.S. Department of Labor (DOL) published updated, inflation-adjusted penalties for violations of various laws regulated by the DOL and its internal components or divisions, including the Occupational Health and Safety Administration (OSHA). The DOL is required to adjust the level of…
Driving in to 2018 | PA Benefit Advisors

Jan 3, 2018

—

by

LR Webber

in benefits, budgets, Employees, Employers, Financial Planning, Financial Wellness, IRS, Latest News, parking, Pennsylvania, Philadelphia, President Trump, Reporting, Secretary of treasury, tax law, Workplace

How Changes to the Mileage Reimbursement Rate and Qualified Transportation Benefits Will Impact Employers in 2018 On December 14, 2017, the Internal Revenue Service released the 2018 standard mileage rates used to calculate deductible costs of operating vehicles for business purposes. The rate increased by one cent from 53.5 cents in 2017 to 54.5 cents…
IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | PA Benefit Advisors

Dec 29, 2017

—

by

LR Webber

in 1094, 1095, ACA, ALEs, benefits, DOL, Employers, IRS, Reporting

On December 22, 2017, the IRS released Notice 2018-06 to extend the due date for employers to furnish 2017 Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2017 form to individuals. The due dates for filing forms with the…
I Have Life Insurance Through My Employer. Why Do I Need Another Policy? | PA Benefit Advisors

Dec 27, 2017

—

by

LR Webber

in benefits, Employees, Financial Planning, Financial Wellness, Health Insurance, Insurance, Life Insurance, Pennsylvania, Philadelphia, Wellness, Workplace

One of the perks of having a full-time job with a good company is the benefits package that comes with it. Often, those benefits include life insurance coverage, which is great. And everyone who can get life insurance at work should definitely take it, as there are many advantages to company-funded life insurance, also known…
Utilize FSA Monies with Key Year–End Strategies | PA Benefit Advisors

Dec 19, 2017

—

by

LR Webber

in adoption, benefits, DCFSA, dental, Employees, Financial Planning, Financial Wellness, FSA, Insurance, medical care

‘Tis the Season’. Like most, you ‘re probably in the midst of the “hussle and bussle” of this holiday season with dinners, parties, and activities; Christmas shopping; and spending those remaining FSA dollars you have allocated this year. Wait, what? Yes, you read right. Chances are, if you’ve opted to utilize an employer-sponsored FSA account…