The closure of I-85 for an indefinite period of time presents many employers with a significant business issue. The Benefit Company is pleased to offer your organization resources to help you navigate the anticipated traffic delays and congestion. These resources could help mitigate the impact of the I-85 Bridge Collapse on your organization and employees. Federal tax
In This Issue: Legal Updates & Reminders The EEOC has reported that for FY2016, there were 91,503 charges of discrimination filed. The top 3 types didn’t change from FY2015: Retaliation (45.9% of all charges); Race (35.3%); Disability (30.7%). For the first time, the EEOC also included detailed information about LGBT charges, resolving 1,650 cases and
Carey Brown, Founder and Principal of The Benefit Company, traveled from Atlanta to Washington D.C. to participate in the National Association of Health Underwriters, (NAHU), 2017 Capitol Conference. Below is a brief update and review of his visit with legislators and National Employee Benefit leaders. On February the 11th thru the 15th, I attended the
Contribution & Benefit Limits 2016 Limit 2017 Limit Section 401(k), 403(b), or 457(b) annual deferral $18,000 $18,000 SIMPLE plan annual deferral $12,500 $12,500 Section 415 maximums Annual benefit from defined $210,000 $210,000 benefit plan Annual additions to defined contribution plan $53,000 $54,000 Maximum IRA contribution $5,500 $5,500 Catch-up contribution limits Retirement plan $6,000 $6,000 SIMPLE plan
Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium
As we have previously noted, many employers, including several of our clients, have received “marketplace notices” from the Department of Health & Human Services (HHS) informing them that one or more of their employees signed up for health coverage through the Federally-Facilitated Marketplace for 2016 and are receiving a tax credit or subsidy in doing
Given the ever-increasing cost of health care, one of the best long-term cost-containment strategies available to employers today is an effective wellness program. To help employers, UBA is offering a free white paper: Wellness Programs — Good for You & Good for Your Organization, that covers: Which aspects of wellness programs are finding the most
Adrenaclick, also referred to as an “epinephrine auto-injector” is a good alternative. Employees and family members who use “EpiPens” (allergic reaction, auto-injector syringe filled with an inexpensive drug called epinephrine) may have seen in the news recently that the cost for this device/prescription has increased dramatically – even catching the eyes of congress and regulators.