by Faith Baker | Jun 3, 2019 | Affordable Care Act, Human Resources
Summary of Benefits and Coverage (SBC)Per the Affordable Care Act, group health plans or health insurance issuers must provide participants and beneficiaries with a Summary of Benefits and Coverage (SBC) each year during open enrollment or at renewal time. The SBC...
by Hillary Dow | Nov 20, 2018 | Affordable Care Act, Human Resources, Payroll
A headcount is the total number of people employed by an organization, including full-time and part-time employees. A headcount report, created via a human resource information system (HRIS), lets you sort and categorize employees based on different variables — e.g.,...
by Hillary Dow | Jul 31, 2018 | Affordable Care Act, Business Tips, Human Resources
Group health insurance can be expensive for employers, which is why cost savings is often the primary reason employers seek to offer health coverage only to particular employees. Generally speaking, this is permissible. But, there are several legalities to consider,...
by Hillary Dow | Jul 6, 2018 | Affordable Care Act, Business Tips, Human Resources
Under the Affordable Care Act (ACA), qualified employers who provide group health coverage also can offer tax-free health reimbursement arrangements (HRAs), which allow employers to reimburse employees for health expenses on a tax-free basis. The ACA, however, does...
by Chris Hemenway | Sep 5, 2017 | Affordable Care Act, Business Tips, General News, Payroll, Taxes
New HSA Plan Limits For 2018 For 2018, individuals can contribute up to $3,450, up from $3,400 in 2017, while family contributions are up to $6,900, up from $6,750 in 2017. The maximum out-of-pocket figures are up too: $6,650 for single coverage, up from $6,550 in...
by Chris Hemenway | Dec 27, 2016 | Affordable Care Act, Business Tips, General News, Human Resources, Taxes
QSEHRA’S “qualified small employer health reimbursement arrangement” The 21st Century Cures Act mostly addresses pharmaceutical issues, but it also contains a provision that makes insurance costs easier to bear for small companies. As explained by...
