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Category: Wellness
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How to Make the Most Out of Your FSA at Year-End | PA Benefit Advisors
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As 2017 comes to a close, it’s time to act on the money sitting in your Flexible Spending/Savings Account (FSA). Unlike a Health Savings Account or HSA, pre-taxed funds contributed to an FSA are lost at the end of the year if an employee doesn’t use them, and an employer doesn’t adopt a carryover policy.…
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IRS Announces 2018 Retirement Plan Contribution Limits | PA Benefit Advisors
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On October 19, 2017, the Internal Revenue Service (IRS) released Notice 2017-64 announcing cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items. The following is a summary of the limits for tax year 2018. For 401(k), 403(b), and most 457 plans and the federal government’s Thrift Savings Plans: The elective deferral (contribution)…
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Are You Ready to Electronically Report Injuries and Illnesses to OSHA? | PA Benefit Advisors
December 1, 2017 is the deadline for certain employers to use the Occupational Safety and Health Agency’s (OSHA) Injury Tracking Application (ITA) portal to report information from their 2016 Form 300A regarding employee illnesses and injuries. We previously reported (Breach Forces OSHA to Shut Down Reporting Portal) that OSHA suspended employer reporting through the ITA…
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What Are the Advantages of Having a Corporate Office Gym? | PA Benefit Advisors
Employers benefit from a healthy and fit workforce. Although employees may be individually motivated to lose weight and maintain physical fitness on their own, employers can offer incentives to encourage their workers to do so. One common method is to open an onsite fitness center. A corporate office gym offers advantages for employees, and their…
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How Apps are Changing the Way Employees Receive Mental Health Care | PA Employee Benefits
Did you know studies convey that 20% of the population, or 1 in every 5 adults suffer from some sort of mental health condition? Mental health has become a substantially concerning issue in America’s workplace, and therefore a top priority in employee wellness. Mental health conditions such as depression, anxiety, and bipolar disorder cause workers…
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4 Easy Ways to Step Up Your Employee Wellness Program| PA Employee Benefits
Employee Wellness Programs are a key factor in employee engagement and overall company success in today’s business world. Wellness programs are consistently evolving and changing as employee demands shift. Companies are constantly looking for new ways to engage and encourage their employees, preferably at a lower cost. Below are some effective and cost-efficient ways to…
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How to Implement a Workplace Fitness Program | Pennsylvania Employee Benefits
Implementing a workplace fitness program at the office can help your company’s bottom line. A study by The American College of Occupational and Environmental Medicine, with results published in a 2008 issue of the “Journal of Occupational & Environmental Medicine,” found that employees who engaged in workplace wellness programs saved $176 to $182 on health…
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Pennsylvania Employment Law Update | PA Employee Benefits
Mandated Health Benefits – Oral Chemotherapy Medication On July 8, 2016, Pennsylvania Governor Tom Wolfe signed legislation (H.B. 60) regarding health insurance coverage for oral chemotherapy medications. Pursuant to the bill, whenever a health insurance policy provides coverage that includes coverage for intravenously administered or injected chemotherapy medications which have been approved by the U.S.…
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Guidance for Employers on the Zika Virus | Pennsylvania Benefit Advisors
Within the past few days, the Centers for Disease Control and Prevention have confirmed the transmission of the Zika virus by mosquitoes to individuals in Miami-Dade and Broward counties in Florida. Before this confirmation, the virus had been spread in the United States only through sexual transmission. The news of the spread of the virus by…
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Assistance on Tuition Assistance | PA Benefits Broker
Abridged from www.shrm.org Is tuition assistance on the agenda for your next departmental planning session? If so, here are some recommendations to consider: Make your policy understandable to all. Make sure collateral materials are widely available and understandable to younger employees who aren’t accustomed to insurance claims, expense account reimbursements or financial forms. Tuition assistance…
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