Small & Midsize Employers – two new refundable payroll tax credits
IR-2020-57, March 20, 2020 The U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This […]
COVID-19 and Medicare
Employee Benefit Advisors recommends communicating the following to you employees. Odds are your company has either employees on Medicare, family members on Medicare, or both. Copays for the Coronavirus test have been waived, but not the cost of the doctor visit needed to get the test or the treatment. Telehealth – CMS announced that it […]
Coronavirus – do the 5
I’ve been seeing this advice on Google the past few days. I think it’s simple and easy for employees t grasp. Pass it on. Help Stop Coronavirus 1. Hands – Wash them often 2. Elbow – Cough into it 3. Face – Don’t touch it 4. Feet – Stay more than 3ft apart 5. Feel […]
Coronavirus – easy to understand info for employees
Symptoms people may experience: 1. runny nose (Not to be confused with allergies) 2. sore throat 3. cough (develop the habit of coughing into your sleeve or handkerchief – never your hand!) 4. fever 5. tightening of chest / difficulty breathing (severe cases) What can you do? • Emergency Room – very expensive • Urgent […]
Coronavirus
This is the best explanation I have heard. Includes great visuals. Employee Benefit Advisors provides employee benefits, tax-advantaged healthcare, compliance guidance for ACA and Health & Welfare DOL Audits, and PEO Advisory & Consulting Services.
Should you get a second opinion?
If you find yourself asking questions like: Do I have the right diagnosis? Am I on the best treatment path and medications? Is this surgery or procedure the best option for me? How can I find the best local doctor for my medical needs or my surgery? 2nd.MD will get you help and answers. Here […]
IRS Guidelines – Indexed for 2020
FICA Social Security Tax is 6.2% on income up to $137,700 Medicare Tax unlimited 1.45% to Unlimited High Deductible Health Plans Minimum Annual Deductible (Individual/Family) $1,400 / $2,800 Maximum Out-of-Pocket Limit (Individual/Family) $6,900 / $13,800 Health Savings Accounts Individual / Family $3,550 / $7,100 Catch-up Contribution $1,000 ACA Plan Limits Out-of-Pocket Limits Individual / Family $8,150 […]
Proposed Transparency in Coverage Rule vs. American Hospital Association
A proposed rule would require plans and issuers to disclose cost-sharing estimates to participants, as well as post in-network provider-negotiated rates and historical out-of-network allowed amounts on their websites. The rule would apply to group health plans and insurers in the individual and group markets and sponsors of self-insured group health plans. They would not […]
2020 EMPLOYEE BENEFITS UPDATE
As we head into a new year, there will be some noticeable changes in employee benefits that you and your clients should be made aware of. The following list encompasses a few of the items you may expect to change: Required Reporting Effective January 1, 2020, Medicare Secondary Payer reporting will now include prescription drug […]
Top 10 health conditions costing employers the most
Employee Benefit News recently published a list of the 10 health conditions that are costing employers the most. They are: High-Risk Pregnancy Smoking High Cholesterol Depression/Mental Illness Hypertension/High Blood Pressure Heart Disease Arthritis/back/musculoskeletal Obesity Cancer Diabetes Employee Benefit Advisors would like to point out that a least half the list is related to one’s weight. […]