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What You Need to Know Before You Need to Know it

The health insurance and group benefits landscape is complicated. Rather than just trying to keep up on changes ourselves, we pride ourselves on being the ones out there on the forefront educating employers about changing regulations and the latest healthcare cost containment techniques. We typically conduct six webinars a year that are free for employers to attend, and publish at least three educational articles each month right here on this site, bringing you tips and tactics to manage your employee benefit plan more successfully.

We also regularly speak at public seminars sponsored by the Mile High and Boulder Area SHRM chapters, Mountain States Employers Council, the Colorado CO-SHRM conference, the Denver Metro Chamber of Commerce, and more– and all those events will be published here as well.

Check back regularly for update as you navigate your current healthcare challenges.


Recent Blogs

  • The COVID-19 Vaccine Has Come to Town

    As the first doses of the COVID vaccine are arriving in Colorado and across the country, questions are being raised by employers about their health plans and office safety procedures. Our partners at Alera Group have issued guidance on what employers should be doing now to prepare themselves and their employees for the vaccine rollout. Read the recommendations here regarding medical policy cost restrictions and vaccine requirements.

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  • 2020 ACA Reporting: What Employers Need to Know

    The Affordable Care Act (ACA) reporting for employers can be confusing, burdensome, and time-consuming. Most of the reporting requirements have not changed, but every year we see employers rushing to complete the requirements before the deadline. One of our partners, Benefit Advisors Network, has put together a resourceful guide with instructions and forms for the 2020 employer reporting requirements. 

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  • Unused Dependent Care FSA Funds? Consider Adding a Grace Period

    COVID-19 has certainly had far-reaching effects for employees, including the reduced ability of parents to use pre-tax money set aside in their Dependent Care FSA fund due to the unexpected shutdowns of daycares, nurseries, and schools. Because employees likely decided how much to contribute to their Dependent Care FSA before COVID-19 became widespread, the “use it or lose it” rule may seem particularly harsh for 2020. The good news is that employers can alleviate some of the concern about losing that money after December by simply amending their Section 125 Plan Document to include a grace period for the use of those funds. This gives employees a longer window of time (until March 15th, 2021 for calendar year plans),to use their Dependent Care funds for 2020. Please click here for more information, and if you have questions about amending your Dependent Care FSA Plan Document, please reach out to your Fall River Account Manager.

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  • Furloughs, Leaves of Absences, and Measurement Periods – Oh My!

    This year has been filled with many questions and not so many clear answers. One of the trickiest ACA issues that Applicable Large Employers (ALEs) have to navigate through is how measurement periods apply during furloughs and leaves of absences due to COVID-19. It’s important for ALEs that offer affordable and minimum essential health insurance coverage to be able to identify their full-time employees and offer group health benefits at the appropriate times; otherwise the employer may be subject to costly penalties.

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  • Proposition 118 Has Passed in Colorado

    While there were many uncertainties on election night this November, we did learn that Colorado voters passed Proposition 118 for Paid Family and Medical Leave. The new law will require employers state-wide to provide 12 weeks of paid time off for certain family situations beginning in 2024. 

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