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Category: employer-sponsored health insurance

Benefits Easy: Intro to Self-Funding | Ohio Benefit Advisors

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As we head into the second month of 2018, 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 instead of paying … Continued

Understanding W-2 Reporting under the ACA | Ohio Employee Benefits Advisors

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The ACA requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on Form W-2 does not mean that the coverage is taxable. Employers that provide “applicable employer-sponsored coverage” under a group health plan are subject to the reporting requirement. This includes businesses, tax-exempt … Continued

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