Displaying items by tag: Group health insurance brokers
Affordability for ALEs Impacted by COVID-19
COVID-19 has thrown a wrench in many aspects of our professional lives, but Affordability safe harbors for Applicable Large Employers (ALEs) might not be the first to enter our minds.
Slash Healthcare Costs Without Slashing Benefits
Healthcare costs have increased faster than inflation almost every year for at least the last 30 years. Switching carriers, raising out-of-pocket costs, and asking employees to pay more out of their paychecks should be your last resort.
Colorado Paid Sick Leave Bill Passes the Legislature
After Colorado’s Legislature returned in late May to one of the most unusual legislative sessions in recent history, a flurry of bills was introduced and passed in an abrupt end to the legislative cycle. Among the approved pieces of legislation was SB-205 or “Healthy Families and Workplaces Act” requiring new paid sick leave rules for Colorado employers.
Employer Survey Results: Returning to the Workplace
In mid-April, CO SHRM and the Denver Regional Council of Governments conducted a survey about how employers are handling returning to the workplace and teleworking after COVID. The survey was completed by over 350 human resource professionals from across the state of Colorado.
2021 HSA Limits and HSA FAQs
The IRS recently announced the changes to the cost sharing and contribution limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in 2021. Also in this article, we’ve included some of the most common questions that group insurance brokers like us receive on HSAs.
Are Your Benefits Competitive?
At Fall River we understand that during the past few months, everyone has been focused on the Coronavirus. As employers start to come up for air and tally up the financial hits from the pandemic, it’s more crucial than ever to find ways to save money and still be able to offer a competitive benefits package to employees. When was the last time you measured your benefits package against other employers?
Financial Relief Through COBRA and FSA Changes
There’s no doubt that the COVID-19 pandemic has created various financial constraints on Americans. From job losses and furloughs to the need for continued healthcare coverage and tax savings, our communities are feeling the pain. To provide some economic relief, the IRS and Department of Labor (DOL) recently released more guidance on changes to Section 125 Plans and COBRA provisions.
The CARES Act Student Loan Deferment
To help ease some of the financial stress many Americans are facing due to the Coronavirus pandemic, the Federal Government passed the Coronavirus Aid, Relief, and Economic Securities Act, or the CARES Act in late March. The CARES Act was responsible for a number of programs including the stimulus checks that were distributed in April, but it also provides additional financial relief by deferring Federal student loan payments with 0% interest until September 30, 2020.
A Summary of the COVID-19 Relief Acts
Life has become more challenging for most of us as we sift through the various demands COVID-19 has added to our work and personal lives. The financial concerns of individuals and companies is just one area of added stress we’re facing. Since March 4, 2020, there have been four COVID-19 relief acts put in place, with possibly more to come.
Standalone Telemedicine Offers Savings Opportunities
Telemedicine has been a solution for employers and employees seeking more convenient round-the-clock care for years. Since the COVID-19 pandemic began and traditional in-person doctor’s offices have closed or moved to restricted visits, telehealth is no longer a novel benefit, but a vital part of any benefits package.