How to Determine Whether Your Voluntary Plans Fall Under Safe Harbor

March 12, 2019
Don’t assume you’re in compliance with the Voluntary Plans Employee Retirement Income Security Act (ERISA) safe harbor rules just because you don’t contribute to the cost of your employees’ voluntary benefits. ComplianceBug, LLC, a provider of online risk assessment and... Find out more »

Medical Trends That Will Affect Your Pocketbook

March 1, 2019
You don’t need a crystal ball to know that health care costs will continue to climb. According to PwC’s Health Research Institute, growth fluctuated between five and a half and seven percent the past five years and is expected to increase six percent this year. The good news is that the more... Find out more »

New Ways to Keep Health Care Benefit Costs Down

February 27, 2019
After salaries, Health care benefits are an employer’s largest employee-related expense, according to the Bureau of Labor Statistics. A 2016 survey by the Society for Human Resource Management (SHRM) pegged the annual cost in 2016 at $8,669 for each employee. At the same time, employers are... Find out more »

Are You Ignoring Your Cyber Liability?

Less than 37 percent of small business owners feel they have adequate cyber liability insurance protection, according to a new study conducted by The Hanover Insurance Group, Inc., and Forbes Insights. The National Association of Insurance Commissioners (NAIC) has identified the main cyber risks... Find out more »

How to Prepare for Retirement – Beyond Saving Money

February 25, 2019
It’s never too soon — or too late — to plan for retirement and to take positive steps for saving money More than three out of five 65-year-olds are expected to reach age 80, according to the Social Security Administration — an increase of almost 50 percent from 50 years... Find out more »

Trending: New “Instant” Payroll App

Even employees who save money can run into a bit of financial trouble. A new payroll option might make their lives easier. ADP, Daily Pay, Kronos, Even and other online payroll administrators now give employers the option of offering their hourly employees access to their paychecks for work... Find out more »

Why Generics are Good for Your Pocketbook (and Health Insurance Premiums)

February 22, 2019
When available, generic drug substitutes generally save about 30 percent. Generic medications have been hailed as a great way to save money on prescriptions and control escalating health insurance premiums. Generics usually cost substantially less than name-brand drugs, but be aware that... Find out more »

Benefit Planning Strategies for 2019-2020

February 21, 2019
Although employer-sponsored group health benefit open enrollment is behind us, it’s not too early to start looking at what strategies will be in favor in 2019 to curb costs. The Society for Human Resource Management (SHRM) reports that group health benefits are expected to approach $15,000... Find out more »

Alera Group Acquires Broad Reach Benefits, LLC

February 12, 2019
DEERFIELD, IL  — Alera Group, a leading national insurance firm, today announced that it has acquired Broad Reach Benefits, LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, New Jersey, offers a wide range of... Find out more »

New AHP Resources Now Available

January 28, 2019
Employers interested in forming Association Health Plans (AHP) to purchase health care benefits for their employees have a resource to help with federal regulations and guidelines. The U.S. Department of Labor (DOL) added compliance assistance information to its Employer.gov website:... Find out more »