Benefit Resource Inc.

MARCH 11, 2021

Employers are responsible for paying premiums, but receive a tax credit. Employers sponsoring a group health plan will be responsible for paying health insurance carriers for the premiums. They will be reimbursed for 100% of the COBRA premiums through tax credits against certain payroll taxes.

Insurance Carriers 81

Insurance Carriers Taxes Health Insurance Medical 81

Genesis HR Solutions

APRIL 23, 2019

If you’re struggling to navigate small business health insurance in Massachusetts—what is required, what plans are available, and where to find help—you’re in the right place. In this article, we’ll answer three questions about Massachusetts small business health insurance requirements. Click To Tweet.

Health Insurance 40

Health Insurance Insurance Insurance Carriers Healthcare 40

Insperity

MAY 27, 2013

Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Shop for group health insurance yourself.

Health Insurance 40

Health Insurance Insurance Insurance Carriers Flexible Spending Account 40

Griffin Benefits

OCTOBER 1, 2022

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.

Insurance Carriers 67

Insurance Carriers Employment Flexible Spending Account Insurance 67

Insperity

SEPTEMBER 14, 2021

The internet abounds with stories of PEOs increasing rates without warning or going out of business without paying employees or payroll taxes. CPA-affirmed documentation that they remit employment taxes in a timely manner. Background reports of their individuals responsible for employment tax payments.

Professional Employer Organization 90

Professional Employer Organization Employment Insurance Taxes 90

Griffin Benefits

MAY 31, 2022

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. CURRENT RULE. MINIMUM VALUE COVERAGE FOR FAMILIES.

Insurance Carriers 75

Insurance Carriers Taxes Health Insurance Insurance 75

PeopleStrategy

OCTOBER 17, 2023

HR departments are charged not only with finding employees comprehensive and affordable benefits including health insurance coverage, but also watching their part of the overall company bottom line. This is where level funded health plans can come into play. The monthly fee is fixed for a 12-month period.

Insurance Carriers 52

Insurance Carriers Healthcare Health Insurance Deductible 52

Genesis HR Solutions

APRIL 19, 2019

We offer several health insurance products plus a bevy of other plans for you to choose from. You can read more about PEOs and health insurance in myth #7, below.). As your PEO, we’ll handle the administration of things like payroll, your benefits and health insurance, 401k plan, and more.

401(k) 69

401(k) Health Insurance Insurance Carriers Payroll 69

Fringe Benefit Analysts

JUNE 15, 2020

As the saying goes, “Once a tax, always a tax.” Please note that the IRS does not appear to have released the most recent Form 720 (Quarterly Federal Excise Tax Return), which is the form used by plan sponsors of group health plans to report and pay the annual PCORI fee. This fee is currently $2.54

Medical 52

Medical Insurance Carriers Health Insurance Taxes 52

Higginbotham

JUNE 7, 2022

As we have been discussing since last year through multiple webinars and compliance updates, the Transparency in Coverage Final Rules (TiC Final Rules) require group health plans and health insurance issuers to disclose on a public website detailed pricing information in three separate machine-readable files (MRFs).

Family and Medical Leave Act 52

Family and Medical Leave Act Health Insurance Insurance Carriers Insurance 52

Insperity

JANUARY 13, 2014

This ratio compression is expected to result in higher premiums for younger individuals, as insurers account for the drop in premiums for older individuals. Most small businesses should expect to see an increase in their health insurance premiums due to this age ratio compression. Early bird special? When it rains ….

Health Insurance 40

Health Insurance Insurance Carriers Manufacturing IT 40

Insperity

JULY 22, 2014

Buying health insurance can be a costly endeavor. But now, because of health care reform’s individual mandate, not buying coverage isn’t an option. Most Americans must have health insurance or face a tax penalty. That help comes in two forms: premium tax credits and cost-sharing subsidies.

Health Insurance 40

Health Insurance Out of Pocket Cost Insurance Carriers Taxes 40

Fringe Benefit Analysts

MAY 8, 2022

Employee benefits consultants have a vast array of knowledge on all types of perks and benefits, many of which are offered to workers everyday by most companies, including health insurance and life insurance, 401ks and other retirement options.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Genesis HR Solutions

JUNE 20, 2022

Backup for tricky employment situations Compliance expertise Onboarding and training guidance Help with sensitive personnel matters Strategy and guidance in times of emergency (like the COVID-19 pandemic) Access to world-class health insurance benefits A partnership with a trustworthy, accredited PEO provider.

401(k) 52

401(k) Health Insurance Insurance Carriers Payroll 52

Insperity

JUNE 11, 2014

As employment laws, tax laws and health care reform continue to change at a rapid pace, it can be difficult for business owners to keep up. These PEOs should be able to provide you with an independent CPA’s verification of their audited financial statements and payment of taxes and benefits. Their commitment to customer service.

Professional Employer Organization 59

Professional Employer Organization Employment Insurance Carriers Insurance 59

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. The most expensive benefit to offer is health insurance.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40

Fringe Benefit Analysts

JANUARY 25, 2021

Temporary Health FSA and DCAP Relief. Tax Provisions. The company receives a Tax Credit on their Quarterly Taxes to help pay for this leave. You can still receive the Tax Credit as it applies, but it remains with only two weeks of paid leave through both years. Compensation Transparency. · Education finances.

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Leave Health Insurance Insurance Carriers 40

Genesis HR Solutions

AUGUST 19, 2020

Not only do PEO clients get expertise from their PEO partners, they no longer need to do the grunt work for the administration of their company’s HR, benefits, tax, payroll, and compliance issues, giving them time to focus on the core functions of their business—and focus on growth. Managing insurance carrier relationships.

Work From Home 52

Work From Home Professional Employer Organization Insurance Carriers Human Resources 52

Insperity

FEBRUARY 25, 2014

Health care costs are expected to continue to climb due to new costs, taxes and fees, as well as adjusted community rating. The closer it gets to 2015, the less time you’ll have to negotiate a good deal with a health insurance carrier. The sooner you can secure health benefits, the better. The bottom line?

Insurance Carriers 40

Insurance Carriers Government Health Insurance Retail 40