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Compliance Update Regarding Gag Clauses

The Consolidated Appropriations Act (CAA) continues to roll out plan sponsor responsibilities. A current compliance item on the horizon is the “Gag Clause Prohibition Requirement.” Although this requirement TECHNICALLY went into effect on December 20, 2020, the first attestation is due this December (December 31, 2023). Definition Plan sponsors must review any group health plan …

Trust Moves Faster

In conversations with various people, I find it common for an overarching theme to involve trust. People often ask me what sources of information I trust, who do I trust, and, most importantly, why do I trust. I don’t know if I made this up or read it somewhere, but there’s a statement I am …

We are making sure you are aware of ongoing negotiations between Wellstar Health System and Cigna.  Cigna’s current contract with Wellstar ends on March 31, 2021. Cigna is now sending written notifications to Cigna members who have received care from Wellstar within the last 12 months.  Negotiations between CIGNA or any insurance company and a …

Key provisions of the CARES Act for employee benefits

On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security Act (CARES) Act. It delivers $2 trillion in fiscal stimulus to the economy including preferred loans to small businesses, capital for distressed industries, direct cash payments to many Americans, unemployment insurance enhancements, as well as various provisions affecting employee …

Paul Nichols

The Benefit Company (TBC) is pleased to welcome Paul Nichols to our team. Following graduation from Davidson College, Paul spent 16 years working in college athletics.  During this time, he was the Head Football Coach at Davidson College for five seasons and, most recently, assisted on Coach Paul Johnson’s Georgia Tech staff.  These experiences provide …

HR News February 2019

HR Legal Issues/Updates: 14, 2018: The U.S. District Court in the Northern District of Texas declared that the individual mandate of the Affordable Care Act (ACA) is unconstitutional and that the rest of the ACA is unconstitutional, as well. Although this was an interesting order by the Court, at this point in time, the status …

We are pleased to release to you the new 2019 Annual Tax Benefit levels.  Call us if we can be of assistance in leveraging any of these tax efficient tools and strategies to your organization’s benefit. This rate chart can also be downloaded and printed from our web site.  …

employee benefit advisor rising star

Employee Benefit Advisor (EBA) has selected Nick Hendricks as a 2019 Rising Star. Nick is one of only 20 consultants selected nationwide. He represents a new generation of leaders focused on reengineering a broken healthcare system. Nick joined TBC in 2013 with an attraction to the firm’s passion for helping companies and their employees prosper.  …

HR News January 2019

HR Legal Issues/Updates: 14, 2018: The U.S. District Court in the Northern District of Texas declared that the individual mandate of the Affordable Care Act (ACA) is unconstitutional and that the rest of the ACA is unconstitutional, as well. Although this was an interesting order by the Court, at this point in time, the status …