Remove Consulting Remove Insurance Carriers Remove Taxes
article thumbnail

Transparency Rules Deadline Approaching for Employers to Conform by July 1

Griffin Benefits

Other employers, especially those who are self-funded, are conforming to this rule by accessing and posting links on their websites, which are being provided by insurance carriers or third-party administrators (TPAs) who are hosting these rates and historical payments on their own websites.

article thumbnail

What Is an Employee Benefits Consultant and What Do They Do?

Fringe Benefit Analysts

That is why many businesses rely on independent employee benefits consultants to guide them through the process of choosing competitive benefit packages that are cost-effective for all concerned. Once a plan is selected, a benefits consultant dispenses the chosen packages and manages the benefits going forward.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Value of Modified Duty Programs – Ask #HR Bartender

HR Bartender

a national workers’ compensation and human resources consulting company. Please remember that her comments should not be construed as legal advice or professional consulting. If you have detailed questions, you should address them directly with your labor attorney or professional services consultant.

article thumbnail

Top 4 reasons why you should add a dependent eligibility audit to your benefits strategy

WEX Inc.

By confirming youre only covering eligible expenses, you maintain compliance with insurance carrier eligibility requirements while minimizing litigation risks and reducing stop-loss exposure. It is not legal or tax advice. For legal or tax advice, you should consult your own legal counsel, tax and investment advisers.

article thumbnail

Employer Reporting on Prescription Drug Pricing Due By 12/27

Griffin Benefits

Finally, short-term limited duration insurance (which is typically an individual market product) is also exempt. Practical Challenges Fully-insured employers may contract with their insurance carriers to provide prescription drug reporting on their behalf.

article thumbnail

ACA Affordability to Extend Beyond Employee-only Coverage

Griffin Benefits

This so-called “ family glitch ” has meant that spouses and dependent children of employees who are offered affordable, minimum value coverage have not been eligible for federal tax credits (Premium Tax Credits; “PTCs”) to purchase coverage through the marketplace. MINIMUM VALUE COVERAGE FOR FAMILIES.

article thumbnail

Your 2025 benefits compliance checklist: What you need to know

WEX Inc.

Flexible spending accounts (FSA) Flexible spending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Action item: Consult with your plan administrator to ensure compliance with 2025 deadlines.