October 1, 2018
Educating your staff to not open phishing emails is critical to securing you network’s data, as well as, ensuring your network is maintained properly to prevent breaches. Since the risk of a data breach is so high you should consider cyber liability insurance. Contact our office today for details and be sure to take our …
August 1, 2018
The adjusted contribution limits for HSAs take effect as of 1/1/2019. New HSA contribution limits are $3,500 single/$7,000 family. The adjusted DHP cost-sharing limits (minimum deductible and maximum out-of-pocket) take effect for the plan year beginning on or after 1/1/2019. HDHP max out-of-pocket limit increases to $6,650/$13,300.
June 8, 2018
The FBI is encouraging consumers to reset their routers to prevent the VPNFilter malware attack. The attack could collect information, block network traffic, and stop your router from working. Consider the below steps to protect yourself: Reset your router to disrupt the malware. Turn the router off and on or hold the reset button down …
June 1, 2018
On May 10, 2018 the IRS released Revenue Procedure 2018-30 (PDF) providing updated limits for HSA contributions and HDHP cost-sharing in 2019. Please contact us for more details. 2019 Maximum HSA individual Contribution $3,500 2019 Maximum Family HSA Contribution $7,000 Age 55 & Over Catch-Up HSA Contribution $1,000 2019 Minimum Individual HDHP Deductible $1,350 Minimum …
February 15, 2018
As healthcare costs continue to rise, plan participants should consider taking charge of the costs related to their health procedures. Shop the procedure with other medical providers to compare costs, don’t be afraid to negotiate the cost of a procedure with your physician’s office, and workout payment plans as needed. Paying for healthcare procedures can …
February 8, 2018
Scientists at University of Massachusetts Amherst found way to detect bacteria by attaching a device to smartphone, however advancement isn’t quite far enough yet to determine if the bacteria is good or bad. Check the article out to read more.
February 1, 2018
In early 2018, many employees will receive two important tax forms. In general, you will receive a Form 1095-B if you were enrolled in your employer’s health plan in 2017. You will receive Form 1095-C if you were a full-time employee of a large employer at anytime during 2017. You do not need to file …
November 1, 2016
The IRS recently issued Notice 2016-70, which extended the 2016 deadline for furnishing statements to individuals under Sections 6055 and 6056. The notice also extended good-faith relief from penalties for 2016 reporting. However, this extension does NOT apply to the employer reporting to the IRS with Form 1094 transmittal. Important Dates to Know: March 2, …
September 1, 2016
Fall often becomes a busy time for the employee benefits departments. Plan reviews and benefits open enrollment. We have a thorough checklist to ensure you process your open enrollments properly and adhere to ACA mandates. Contact us for details.
May 1, 2016
EBL protects you from various mistakes in administering your employee benefits programs. A common mistake includes failure of your HR staff to properly enroll an employee in your health plan. See this article (PDF) addressing what this coverage can provide protection for, as well as, clear up the difference between two confusing coverages – EBL …