Employers with self-insured health plans are facing new Section 6055 regulations regarding the reporting of minimum essential coverage. The proposed regulation requires self-insured employers to report this information to the IRS on either Form 1095-B or in Part III of Form 1095-C, if the coverage is provided by an applicable large employer. Section 6055 reporting … Continued
As thoughts of changing weather and the impending holidays loom, September (and August, in many states) means back to school for employees with children. Don’t forget about your employees with college-age students, who may be driving them across the country to get set up in dorm rooms and ready to face life on a college … Continued
On June 8, 2016, Ohio Governor John Kasich signed legislation (H.B. 523) making Ohio the 25th state to adopt a workable medical marijuana law. The legislation will allow seriously ill patients to use and purchase medical cannabis that will be cultivated and processed in-state. With regards to employment, the bill does not: Require an employer … Continued
Sitting down and making a family budget may not be the most fun activity you ever do. However, the effort and thought you put into your budget can help relieve stress and enable you to manage your money more efficiently. Learning to budget for your family of four is the first step toward smart financial … Continued
According to UBA’s new Special Report – Trends in Prescription Drug Benefits, 61.8% of plans required employees to pay more when they elect brand-name drugs over an available generic drug (a 5.5% increase from 2014); 37.9% of those plans require the added cost even if the physician notes “dispense as written.” On the other hand, … Continued
Overview When Madison Maroney (name changed for privacy) moved from Boston to Wisconsin, there was one thing the 40-year-old east-coaster couldn’t leave behind: Her weekly therapy sessions. So now, two years later, in her Midwestern home, she pops open her laptop every week, logs on, and via live-streaming video, talks through her highs and lows … Continued
Hybridized jobs are no longer the exception in the workplace. They’re the norm. Employees are now expected to dabble in different areas, such as communications, IT and sales—all in one role. In fact, a recent study found that roles such as social media strategist and web designer are dying out, in favor of roles that … Continued
Many employers have done an excellent job of integrating financial wellness programs with their employees in order for them to improve their overall financial well-being. However, the most significant progress appears to be when employees actually speak with a qualified human being rather than relying on technology to manage investments. The key, according to an … Continued
The 2015 UBA Health Plan Survey data reveals who will not escape the 40% excise tax to take effect in 2020. The “Cadillac” tax, now called the excise tax, was originally set to start in 2018, but legislation passed the end of 2015 delayed the start date by two years. The Patient Protection and Affordable … Continued
If you haven’t noticed, newspapers are shrinking in size. Fewer people, especially the younger demographic of 18- to 40-year-olds, read them and this especially applies to when they’re searching for jobs. Employers who continue to use only the older methods of recruitment – classified ads and job boards – may not attract the most coveted … Continued
