Fleets of dockless electric scooters made by companies such as Bird and Lime have sprouted up in a number of urban areas throughout the country. Bird advertises on their website that they now offer their service in over 100 cities and universities, while Lime offers similar services in over 70 cities. [1,2] For as little…
Most employers have annual open enrollments for benefits during the months of October through January. Open enrollment is that one time per year that employees can make changes to their benefit elections. Open enrollments need to be planned carefully, with consideration given to the employee population and the best way to communicate the depth and breadth of your benefits program.
Employers should not overlook the Affordable Care Act’s (ACA’s) annual inflation-adjusted shift in cost-sharing limits for group health plan coverage, as they could face steep penalties for failing to provide affordable coverage under the ACA’s shared-responsibility provisions.
The IRS announced in Revenue Procedure 2018-34 the 2019 shared-responsibility affordability percentage. Based on the ACA’s affordability standard as adjusted for inflation, health coverage will satisfy the requirement to be affordable if the lowest-cost self-only coverage option available to employees does not exceed 9.86 percent of an employee’s household income, up from 9.56 percent in 2018. This information will help you as you plan for 2018-2019 renewals.
RHSB independent insurance brokerage firm is pleased to announce the addition of Mike Baker and Brett Messerall as Assistant Vice Presidents. They are part of the growing Commercial Property & Casualty sales practice
RHSB adds Assistant Vice President Lane Allen to Personal Client Services Practice. Lane is a Personal Risk Advisor providing concierge services to clients with emerging and established wealth who have high value and unique assets.
Blockchain is essentially a decentralized ledger where two parties can exchange value with no intermediary. The pillars of blockchain, Ahluwalia continued, are consensus, state consistency, almost immediacy, and immutability—in other words, data does not go through a central source and, once entered, is quickly available to everyone on the chain but cannot be altered. With blockchain technology, manufacturers and distributors can track every step of a product’s journey from source to consumer and trust that the information is true and current.
Dirk Hansen, Shannon Hansen, and Cindy Gonzales join Employee Benefits Practice at RHSB RHSB is pleased to announce the addition of three new experienced professionals to expand its Employee Benefits practice. Dirk Hansen joins as Senior Vice President, Principal, and Employee Benefits Practice Leader. Dirk has 37 years’ experience in the employee benefits industry serving…
The Affordable Care Act imposes a fee on issuers of health insurance policies and plan sponsors of applicable self-insured health plans including stand-alone Health Reimbursement Arrangements or HRAs, to help fund the Patient-Centered Outcomes Research Institute. Employers who sponsored self-funded medical plans or HRAs ending sometime in 2017 must report and pay the Affordable Care Act PCORI fees no later than July 31, 2018. The PCORI fee is based on the average number of lives covered under the policy or plan.
The Affordable Care Act has many moving parts, and not to be overlooked is the annual inflation-adjusted shift in what constitutes “affordable” health care coverage.
Provided by The National Safety Council