As health care costs rise, improving the value of health benefits spending remains high on the agendas of most major corporations. In this video, Laurel Pickering, President and CEO of the Northeast Business Group on Health, discusses three things employers are doing to reduce costs and improve quality.
In early 2016, employers with 50 or more full-time equivalent employees are required to submit new tax forms to employees and the IRS for the 2015 plan year. (Note that in December 2015, deadlines for 1095 employee distribution and 1094 filings were extended.*) In the video, Don Garlitz, Senior Vice President, bswift, answers key compliance questions including: Should taxpayers receive Form 1095 if they are not covered? What effects do employer wellness programs have on reporting plan affordability to the IRS? And more.
*Learn more about these changes from U.S. News and World Report.
The method was designed to help plan sponsors allocate annual raises and promotions but has evolved into a stressful process for everyone involved, says Rajeev Behara, CEO of San Francisco-based Reflektive.
With the growth of private exchanges for health and welfare benefits over the past few years, more employers than ever are considering the merits of implementing private exchanges to help control costs and managed diverse employee groups. This Guide will help clarify the issues around the use of private exchanges.
The ACA compliance hammer still looms large, including penalties up to $3 million for larger employers if the reporting requirements aren’t met. Learn about four issues you should consider as you plan ahead in 2016.
Don’t be misled by common myths regarding outsourcing your benefits administration.If you are deciding whether to outsource your benefits administration, read this free eBook from Empyrean. It will help you understand several misconceptions, sort out fact from fiction, and make a much more informed decision.