Pre Tax Plans

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A cafeteria plan, also known as a section 125 plan, is a written plan that provides employees an opportunity to receive certain benefits on a pretax basis by allowing them to choose between receiving a taxable benefit (such as cash) or certain qualified benefits for which the law provides an exclusion from wages (such as […]
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Understanding Medicare Enrollment

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There are 2 main ways to get your Medicare coverage— Original Medicare(Part A and Part B) or a Medicare Advantage Plan (Part C). Some people get additional coverage, like Medicare prescription drug coverage or Medicare Supplement Insurance (Medigap). Do you want Original Medicare or a Medicare Advantage Plan? When you’re first eligible for Medicare, you have a 7-month […]
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Creditable Coverage Notice- Due October

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Employers offering group health coverage that includes any prescription drug benefits must complete two notice and disclosure requirements each year: Provide a written notice to all Medicare-eligible plan participants before each October 15 explaining whether the plan’s prescription drug coverage is “creditable coverage” (i.e., the coverage is expected to pay on average as much as […]
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Balance is Key!

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Gestational diabetes is the term used for diabetes during pregnancy which affects over 200,000 women each year. Gestational diabetes doesn’t allow your body to manage blood sugar (glucose) properly during pregancy. If not caught early, it can result in complications including large birth weight or the baby having low blood sugar levels after birth. A […]
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Changes to Medical Benefits: Medicare Part D 2018

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A quick rundown on changes to the Medicare Part D Standard Benefit show slight increases in the deductible, coverage limits and out-of-pocket threshold if you meed certain income and resource limits. Not sure how the Donut Hole or Coverage Gap works with your Medicare Part D coverage? To help you visualize how your drug spending […]
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The Family Medical Leave Act

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The Family and Medical Leave Act (“FMLA”) entitles employees to take time off from work for a total of up to 12-weeks due to family or medical emergencies, but only for specified reasons. Not every reason qualifies for FMLA protection while on time off (defined as an overnight stay in a hospital, hospice or residential […]
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Do you offer your employees a 401k plan?  Then this applies to you!

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Your payroll company is not a fiduciary for your 401k plan.  You need to understand what you are responsible for.  DOL audits are increasing every year.  Be prepared.  If you need help – let us know!  Federal law protects plan participants by requiring all who provide retirement investment advice to abide by a “fiduciary” standard. […]
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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)

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The Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as COBRA, is a federal law that requires employers of 20 or more employees with group health plans to offer employees, their spouses and dependents a temporary period of continued health care coverage if they lose coverage through the employer’s group health plan. Health Plans […]
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