Dallas Healthcare and the Cost Problem Date: August 29 Location: The Atrium at the Granville Arts Center Address: 300 N. 5th St. Garland, TX 75040 RHSB invites you to join us for a breakfast discussion where you will learn how to combat the high and rising cost of healthcare. This seminar is recommended for business with 100+…
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The Internal Revenue Service (IRS) has issued Notice 2019-45 which expands the list of “preventive care benefits” permitted to be provided by a high deductible health plan (HDHP) when determining if an individual is eligible to make tax-exempt contributions to a health savings account (HSA). In most cases, a qualified HDHP may not pay benefits until…
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Kelsey Turnage joined RHSB (Roach Howard Smith & Barton) as Human Resources Generalist and Privacy Officer in April of this year. This is a new dedicated Human Resource position for RHSB and Kelsey will be organizing the human resources functions within the organization. She will be responsible for organizational human resources, hiring, new employee orientation and…
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A new state law makes it clear that it’s illegal for a contractor or roofer to waive an insurance deductible. This law takes effect September 1, 2019. “This new law will help further protect consumers. Roofers who waive deductibles are cutting corners. Take your business elsewhere.” Texas Insurance Commissioner Kent Sullivan After a major storm,…
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100,000 businesses, 1,500 corporate headquarters, and 6.8 million people call Dallas Fort Worth home. For all of the benefits of living and working in North Texas, we all have one exposure we have to deal with, hail. Hail season runs primarily from March through May where we all keep one eye up at the sky.…
DetailsRHSB (Roach Howard Smith & Barton) welcomes Dennis Fowler as Vice President. We are excited to have Dennis on board to grow the Employee Benefits Practice group in our Fort Worth office. Dennis is a seasoned sales professional and has been an Employee Benefit Consultant for over 5 years with another Dallas area broker. He…
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Ego D&O: Moral Hazards in the Age of Social Media Twitter has a 280-character limit, but it took only 61 characters from Tesla CEO Elon Musk to create a multi-billion-dollar impact. On August 7, 2018, Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.” It’s estimated that Musk initially added $1.4 billion to…
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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…
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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.
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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.
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