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Displaying items by tag: group health insurance broker

At Fall River, we pride ourselves on bringing our clients valuable information pertaining to their benefits package and other aspects of their jobs.  We are exploring options that will provide our clients with useful Human Resources information and assistance.  To this end, we’d like your feedback on what HR topics you would like to either know more about or get help with. Please answer our 3-question survey at the following link:


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Published in Industry Trends
Wednesday, 29 March 2017 08:27

Benchmarking your Benefits

Evaluating your current benefit plan with the intent to attract and retain top talent is more crucial than ever. Benchmarking gives employers a chance to compare their current plan and contribution strategy to that elusive “standard practice.” Fall River helps its clients understand how they stack up, and we will soon be sharing a new benchmarking document with all our clients. 
 
When was the last time you measured your benefits package against other employers?
Published in Best Practices
 
 Guest Article by Kristen Deevy, Managing Director of Strategic Retirement Partners
 
On Feb. 3, 2017, President Trump drafted a memorandum to the DOL, directing that they delay implementation of the Conflict of Interest Rule (The Rule) for at least 180 days. The Rule, which was set to take effect on April 10, 2017, expands ERISA’s definition of “fiduciary” under retirement plans by identifying additional forms of communication that would constitute investment advice and would deem the giver of such advice a fiduciary under ERISA. 
Published in Healthcare Legislation
Tuesday, 14 February 2017 13:22

Ready for your ACA Reporting due March 2nd?

Although there is much speculation about the future of The Affordable Care Act (ACA), it’s still the law of the land for now. For all large employers and small employers that are self-funded, the deadline of March 2nd to distribute 1095-Bs and 1095-Cs to employees is fast approaching. If your organization does not have all the necessary information to complete these forms, it’s time to act fast!
Published in Healthcare Legislation
Tuesday, 07 February 2017 11:23

HR Responsibilities When an Employee Death Occurs

One of the most difficult times for any business is following the death of an employee. Thinking ahead and being prepared for this unfortunate circumstance will help ease the burden.
Published in Best Practices
One of the root causes of rising healthcare costs is that services are often delivered in more costly locations than needed.  Anyone who has attended a Fall River enrollment meeting knows that we continually educate employees about how accessing care in the right place can save time and money.  
 
One way to do this is to become more familiar with Convenience Care Clinics, or Retail Health Clinics. These walk-in clinics in some grocery stores and pharmacies allow you to access care immediately, without waiting for a doctor’s appointment or visiting a more expensive Urgent Care center. 
Published in Best Practices
In President-Elect Trump’s administration, changes to our healthcare landscape seem to be inevitable.  Nominations for many prominent cabinet positions have already been made and will be considered by Congress starting in January.  What should you expect?  

Here are the three nominees that we think will most impact you as an employer. 
Published in Industry Trends

As we blogged about last month, the filing deadline for the 1095 reporting required of large employers has been pushed back to March 2nd from January 31st.  There are some general changes to the process, and also changes to the 1095 forms themselves. 

Published in Compliance
 
The largest increase for the individual market in Colorado, since the inception in 2014 of the Affordable Care Act Exchanges, will go into effect in 2017. Therefore, most small group insurance plans are now a better value than individual plans. As a result, some small businesses who dropped coverage to send their employees to the then cheaper individual market, are now thinking of going back to group. 
Published in Industry Trends
Monday, 21 November 2016 15:13

1095 Reporting Changes and Delays

Not long after indicating that there would be no exceptions to the January 31st deadline for 1095 B & C forms, the federal government reversed itself. You may have heard there are several delays and changes that have been announced for this year’s reporting:

Published in Compliance
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