Employee Benefits Report – December 2021

How the Pandemic Is Making Employer-Sponsored Life Insurance More Attractive

workers in office
COVID-19 has driven up mortality rates, so it’s no surprise that life insurance companies are taking note. Read on for details.
 
 

How to Make Annuities Work with 401(k)s

plant growing out of money jarThe SECURE Act has made embedding annuities in 401(k)s more appealing to employees and safer for employers.
Read on for details.
 
 

Voluntary Benefits That Could Move the Needle for Employees in 2022

people holding up benefit signsAn increasing number of employees view health and other benefits among their top three reasons for job satisfaction, according to studies by Ameritas Life Insurance Corp.
Read on for details.

 

How to Legally Use Premium Discounts to Encourage Vaccinations

vaccinated woman giving thumbs upThree federal agencies have issued guidance indicating that employers may legally offer a reduced health benefit premium to employees who are vaccinated for COVID-19.
Read on for details.

Life & Health Insurance Advisor – November 2021

How to Avoid Challenges to Your Disability Claim

person spying from the bushesIf you file a disability claim with your insurance company and get the feeling you’re being followed, you might be right!
Read on for details.
 
 

Planning for Care When You Need It Most

long term care signIf you are still young, long-term care may not be on your radar. However, long-term care insurance can be a worthwhile investment, especially if your family has a history of needing long-term care. Read on for details.
 
 

Errors to Avoid If You Inherit an IRA

IRA paperworkA recent private letter ruling by the Internal Revenue Service (IRS) highlights the possible mistakes a beneficiary can make after they inherit an Individual Retirement Account (IRA).Read on for details.
 
 

Life Insurance for the One Who Makes a House a Home

couple cooking dinnerEven though homemakers may not earn a paycheck, their financial impact on the family is immeasurable.
Read on for details.

Employee Benefits Report – October 2021

How to Determine When Protections Apply to ADA and COVID “Long Haulers”

mask,stethoscope, ADA
COVID-19 survivors who suffer long-term health challenges might qualify for protections under the Americans with Disabilities Act (ADA).
Read on for details.
 

Make Sure Voluntary Insurance Plans Are Really Voluntary

mazeA voluntary plan that turns out not to be voluntary can also be a complicated maze of paperwork for an employer.
Read on for details.
 
 

Is It Possible to Save Too Much for Retirement?

jar filled with moneyWhile some employees aren’t saving enough for retirement, some save too much in their plans and pay the price in penalties. Read on for details.
 
 
 

Using Health Insurance Discounts to Fight Vaccination Hesitancy

The lure of lower health insurance premiums is enticing some employees to get vaccinated against COVID-19.
Read on for details.

Employee Benefits Report – September 2021

6 Ways to Help Deal with Labor Shortages

help wanted signAs the economy recovers from the pandemic there are more jobs than workers. Read on for details.
 
 
 
 

Should Your Business Be Looking into Vision Insurance?

person trying on glassesVision disorders cost U.S. businesses an estimated $8 billion annual in lost productivity. Read on for details.
 
 
 
 

12 Federal Laws Most Employee Health Plans Must Comply With

compliance collageThe following is a list of federal laws that employers must follow, in addition to the Affordable Care Act, in most cases regardless of their size. Read on for details.
 
 
 

Paid Leave Expands During Pandemic, But Employees Fear Repercussions

During the pandemic many employees expressed the need for paid time off (PTO) — and employers responded, according to the Hartford’s latest Future of Benefits Study 2021.
Read on for details.

Life & Health Insurance Advisor – August 2021

The High Cost of Not Having a Financial Planner

couple meeting with financial plannerWhat difference can a financial planner make to improve your retirement plan?
Read on for details.
 
 
 

How to Determine How Much You’ll Need in Retirement

stacks of coinsHow much do you need to retire comfortably? Read on for details.
 
 
 
 

Medicaid Work Requirements Slowly Being Phased Out

dollar billAs the Biden Administration rescinds the Trump requirement that adults who receive Medicaid must work, several states with must-work provisions have seen their waivers withdrawn.cRead on for details.
 
 
 

The Financial Challenges of Being on Disability

COVID-19 symptoms sometimes last months, so it’s not surprising many workers have relied on disability benefits and other programs for financial assistance.
Read on for details.

Employee Benefits Report – July 2021

SECURE Act 401(k) Plan Changes
Impact Employer Responsibilities

401(k)blocksEmployers who sponsor 401(k) plans must ensure they are in compliance. Read on for details.
 
 
 
 

How to Stay in Compliance with the
Latest Immigration Laws

american flagEven if you are fairly certain you hire only U.S. citizens, several new laws were added in 2021 that you will need to follow. Read on for details.
 
 
 

New COVID-19 Obligations Added
to Group Health Plans

group of people with masksEven as the country is regaining a sense of normalcy following the pandemic, the federal government has strengthened group health plans obligations for COVID-19 coverage. Read on for details.
 
 
 

Unemployment Tax Rate Increases Expected

The Biden Administration’s decision to extend unemployment benefits in response to the COVID-19 pandemic may significantly increase employers’ unemployment benefit tax costs for years to come.Read on for details.

Employee Benefits Report – June 2021

Additional 2021 Tax Year Benefits Now Available for Employees with Dependents

pacifer on stack of moneyThe $1.9-trillion stimulus package known as the American Rescue Plan Act (ARPA) includes major changes to the longstanding federal-income-tax child and dependent care credit.
Read on for details.

 

What if an Employee Refuses to Get Vaccinated?

person refusing vaccinationYou can fire employees who refuse to get vaccinated. Read on for details.
 
 
 
 

Alternatives to the Traditional 401(k)

man at meetingOne of the most popular group retirement plans is a 401(k). There are other options — such as PEPs, 403(b) and ESOPs — that might be a better fit for your company. Read on for details.

Have Proof Will Travel

Business travel came to a grinding halt for many employees after the COVID-19 pandemic lockdowns started in the spring of 2020.
Read on for details.

Life & Health Insurance Advisor – May 2021

Should You Use Your Credit Card to Pay Your Medical Insurance Premiums?

stack of credit cardsThere are pros and cons. Read on for details.
 
 
 
 
 

Think You’re Too Old for Life Insurance? Think Again!

older couple shopping for life insuranceHere’s a review of the most common policies available to seniors. Read on for details.
 
 
 
 

Take Control of Prescription Costs

pill capsule filled with dollar signPrescription drug costs have become so expensive many patients are having to decide between filling a prescription or not taking it all. Read on for details.
 
 
 

Why It Pays to Report Insurance Fraud

Fraud costs the insurance industry more than $40 billion annually, according to the Federal Bureau of Investigation (FBI). To cover these losses, insurance companies pass costs along to consumers.
Read on for details.

Employee Benefits Report – April 2021

Federal Government Allows 401(k) Distributions for Birth or Adoption

piggy bankYour employees can use their 401(k) savings to help with the costs of a qualified birth or adoption. Read on for details.
 
 
 

Individual vs. Group Long-Term Care Coverage for Employees

doctor holding signConsidering whether to offer long-term care insurance to employees? How does group long-term compare to individual long-term insurance? Read on for details.
 
 
 

HealthCare Options for Unemployed Workers

COVID 19 Claimes file foldersHow President Biden’s executive orders could affect health care coverage and the way we address the pandemic. Read on for details.
 
 
 

COVID-19: Do You Have Liability?

Lawmakers are looking into legislation to shield employers against unreasonable liability due to the COVID-19 pandemic.
Read on for details.

Employee Benefits Report – March 2021

New Federal Guidance for Requiring COVID Vaccinations

woman preparing vaccine
With some exceptions, you may legally require your employees to get a COVID-19 vaccination as long as the disease is a threat to the workplace.
Read on for details.
 

How to Know When Health Insurance Will Cover an Oral Procedure

doctor going over an x-rayHow to know when an oral procedure is actually a medical procedure and not dental.
Read on for details.
 
 
 

More States Are Embracing Employer-Sponsored IRAs

eggs in a basket
Americans younger than 59½ will have a second chance to take money from their retirement accounts without paying a tax penalty — if they meet a new condition.
Read on for details.

401(k) Withdrawal Penalties Suspended Again

In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed people affected by the coronavirus to withdraw or borrow up to $100,000 from their 401(k), Individual Retirement Arrangement (IRA) or similar account without a 10 percent penalty until the end of 2020.
Read on for details.

Life & Health Insurance Advisor – February 2021

Congress Takes the Surprise Out of Surprise Billings

woman looking at hospital billCongress is putting an end to surprise billing by hospitals. Read on for details.
 
 
 
 

Pros and Cons of Having Two Health Insurance Policies

open enrollment formIf having one health insurance policy is good, is having two even better? Read on for details.
 
 
 
 

The Increased Importance of Life Insurance During the Pandemic

couple at a meetingThe popularity of life insurance has grown during the pandemic. Here’s why it’s a wise purchase. Read on for details.
 
 
 

Social Security Adjustments for 2021

The Social Security Administration (SSA) made two decisions regarding earning limits and cost of living increases that positively affect monthly benefits.Read on for details.

Employee Benefits Report – January 2021

Are Employer-Mandated COVID-19 Vaccinations Legal?

vials of medicineWhen a COVID-19 vaccination is made available to the public, should employers require employees to get the vaccination? Read on for details.
 
 
 

Health Care Benefit Trends for 2021

list of yearsHealth care in 2020 has been impacted by the pandemic and that trend is expected to continue next year. Read on for details.
 
 
 

Could Employer Retirement Accounts Change in a Biden Administration?

piggy bankThere’s talk that tax-deferred retirement plans could be replaced by a system based on tax credits. Read on for details.
 
 
 

What You Need to Know About Disciplining Employees for Not Social Distancing

Social distancing and mask wearing are viewed as some of the best ways to protect yourself and others from COVID-19. Read on for details.