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Employee Benefits Newsletters

Volume 4 Issue 1 January 2014

Government Delays Health Insurance Mandate for

Medium-Sized Employers

 

 

The federal government announced on Monday that it would provide employers who have between 50 and 99 employees an extra year, until 2016, before they have to begin offering health coverage. This delay will now allow employers an extra year to determine how they will structure their medical plans to meet this mandate.

 

In addition, large employers also received a concession as part of the change announced by the Treasury Department. Firms with more than 100 employees can avoid a fine by offering coverage to 70 percent of their full-time employees starting in 2015, and 95 percent of their full-time employees in 2016. Previously, the employer mandate required all employers with 50 or more employees to offer coverage to 95 percent of their full-time employees beginning in 2015.

 

The move represents a significant change to the Health Care Law and how it impacts employers with 50 to 99 employees. Previously, the law required that these employers had to offer coverage for their employees or pay a penalty starting at $2,000 per worker. This provision was supposed to go in effect beginning in 2014, but was delayed until January 1, 2015. The administration stated that this additional delay is needed to allow these businesses more time to be in compliance with the law.

 

We will continue to provide updates on this, and other changes to health care, as they are made public. In the meantime, if you have any questions regarding this announcement, please contact your Assured SKCG Account Manager. 

 

 

Assured SKCG, Inc.

123 Main Street

14th Floor

White Plains, NY 10601

(914)761-9000

 www.skcg.com

Volume 3 Issue 12 December 2013

Assured SKCG, Inc.

Employee Benefits Newsletter

 December 2013

In this issue:

·What U.S. Residents Traveling Internationally Should Know About Medicare and Medical Services

As a rule, medical care people receive while they are traveling internationally is not covered. The Northern Mariana Islands, the Virgin Islands, Puerto Rico, the District of Columbia ... (Click here to read the rest of the article)

·Important Tips for Staying Healthy with a Flu Vaccine

When the winter months arrive, everyone usually wonders what sort of flu season is expected for the year. Every flu season is unpredictable in more than one way. While epidemics of this virus occur ... (Click here to read the rest of the article)

·Survey Shows that Most Americans Trust Their Doctors

Recent research from Rasmussen Reports showed that the majority of Americans trust their doctors. The telephone survey revealed that nearly 75 percent of adults in the ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 11 November 2013

Assured SKCG, Inc.

Employee Benefits Newsletter

 November 2013

In this issue:

·How Will The Individual Mandaet Work?

Beginning January 1, 2014, taxpayers will be assessed an Individual Mandate Penalty or Tax for any months during which they or their dependents ... (Click here to read the rest of the article)

·Changes for Section 125 Premium Only Plans; Notice for Non-Calendar Year Plans

For employers that currently have their Section 125 plans on a non-calendar year basis, the question arises of what happens if an employee that is on their ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 10 October 2013

Assured SKCG, Inc.

Employee Benefits Newsletter

 October 2013

In this issue:

·What Consumers Need to Know about PPACA Scams

Experts warn that scams will inevitably surface along with the Patient Protection and Affordable Care Act. People posing as navigators will exploit ... (Click here to read the rest of the article)

·Off-Exchange Premiums vs. On-Exchange Premiums

A top priority of the new government-run medical insurance exchanges or marketplaces is a protection buying environment that encourages ... (Click here to read the rest of the article)

·Why Consumers Prefer to Work with Independent Agents over Buying Direct

Research shows that many consumers who use direct insurance return to using independent agents for the value they offer. In many cases, they are initially enticed to ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 9 September 2013

Assured SKCG, Inc.

Employee Benefits Newsletter

 September 2013

In this issue:

·Exchange Notice Penalty

There have been many questions regarding whether employers can be penalized for failing to provide employees with the Exchange Notice, due by October 1, 2013 ... (Click here to read the rest of the article)

·Medicare Part D - Reminder to Distribute Creditable Coverage Notice

Employers who sponsor a group health plan with prescription drug benefits are required to notify their Medicare-eligible participants and beneficiaries ... (Click here to read the rest of the article)

·What Everyone Can Expect From ACA Essential Benefits

The Affordable Care Act outlines several standards that all insurers must meet, and it also requires a set of essential health benefits to be a part of the ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 8 August 2013

Assured SKCG, Inc.

Employee Benefits Newsletter

 August 2013

In this issue:

·What Employers Need To Know About HSA Shifts

Recent research shows that over a four-year period, high-deductible health plans linked with health savings accounts lowered initial health spending. Researchers analyzed data from ... (Click here to read the rest of the article)

·HSA Denied Bankruptcy Protection

A federal court has held that a debtor in Chapter 7 bankruptcy could not protect his HSA from his creditors' claims. The debtor in this case identified ... (Click here to read the rest of the article)

·Employers Who Want More Productive Workplaces Should Examine Benefit Options

Recent research shows that only 40 percent of workers in the United States would highly recommend their employers' workplaces as good ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 7 July 2013

SKCG

Employee Benefits Newsletter

 July 2013

In this issue:

·What Hasn't Changed for Employers in 2014?

The government announced last week that it would delay implementation of the employer health coverage mandate under the Affordable Care Act until January 1, 2015. The good news is that this gives employers ... (Click here to read the rest of the article)

·Private Exchanges to Transform Health Insurance Landscape

By the time 2017 rolls in, about 30 million people - or one in every five Americans - will use a health insurance exchange under the Patient Protection and Affordable Care Act (PPACA). This is according to a research by ... (Click here to read the rest of the article)

·What Employers are Doing with Rewards Programs to Prepare for Health Care Reform

With the start of health care reform set for 2014 and 2015, almost 50 percent of American employers are thinking about making changes to their workforce strategies and reward programs. Most of these employers do not predict they will ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 6 June 2013

SKCG

Employee Benefits Newsletter

 June 2013

In this issue:

·Why Cancer is an Important Consideration When it Comes to Disability

For 12 years in a row, cancer topped the list as the main reason for long-term disability claims with some employee benefits providers. The second cause on the list ... (Click here to read the rest of the article)

·What Every Person Should Know about Avoiding Unnecessary Use of Emergency Room Services

Research shows that uninsured individuals are not the only ones who use hospital emergency rooms for non-urgent care. A recent study shows that more than ... (Click here to read the rest of the article)

·Survey Shows Most Americans are not Financially Prepared for a Critical Illness

Recent research shows that about 90 percent of the country's middle-income citizens are not prepared financially for critical illness diagnoses. Only 10 percent of Americans ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 5 May 2013

SKCG

Employee Benefits Newsletter

 May 2013

In this issue:

·Understanding the HHS Rules for Essential Health Benefits

The HHS ruled to establish the future of insurance issuer standards and health insurance exchanges for actuarial value and essential health benefits under the PPACA. The final rule creates a plan for which ... (Click here to read the rest of the article)

·Autism Spectrum Disorder and DSM-5

One of the most important changes in the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM-5) is to autism spectrum disorder (ASD). The revised diagnosis represents a new, more accurate ... (Click here to read the rest of the article)

·Why Everyone Needs Life Insurance

When asked about life insurance, most financial experts will tell people that this form of coverage is one of the most important components of solid ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 4 April 2013

SKCG

Employee Benefits Newsletter

 April 2013

In this issue:

·PPACA Small Business Insurance Market Delayed A Year

Small business employees will have to wait a year before they can choose their own medical plans after the ... (Click here to read the rest of the article)

·IRS Introduces Nwe W-2 Reporting Requirements

Beginning with the 2013 batch of W-2 forms, the Internal Revenue Service is introducing a new series of reporting requirements ... (Click here to read the rest of the article)

·What Employers Everywhere Need to Know About the New Form I-9

U.S. Citizenship and Immigration Services released a revised version of the I-9 form for general use. Every employer must complete ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 3 March 2013

SKCG

Employee Benefits Newsletter

 March 2013

In this issue:

·Highly Compensated Employees and High Net Worth Individuals Eyeing Insurance to Mitigate Risk of Life's Black Swans

Group personal excess liability insurance is finding fans among highly compensated individuals, their firms' senior executives and other wealthy individuals concerned that their ... (Click here to read the rest of the article)

·Can Employees Save Taxes with a Section 125 Cafeteria Plan?

A cafeteria plan is a list of voluntary fringe benefits an employee can choose from. Generally, these benefits will have ... (Click here to read the rest of the article)

·Employers Responding to the Lure of Private Health Insurance Exchanges

Large companies are increasingly exploring the use of private health insurance exchanges as a means of controlling costs, according to a number of ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2013 Assured SKCG, Inc. All rights reserved.    

 

Volume 3 Issue 2 February 2013

SKCG

Employee Benefits Newsletter

 February 2013

In this issue:

 

·Important Medicare Changes for 2013

With the advent of the year 2013, the Medicare funding system is affected by two major pieces of legislation: The Patient Protection and the Affordable Care Act, part of which took effect as of January 1; and the ... (Click here to read the rest of the article)

·How to Protect Your Income Against Disability

For most working Americans under about 50, their most valuable asset isn't a house or a retirement plan. It's the ability to continue working and earning a living. In fact, the younger you are, the more critical it is to ... (Click here to read the rest of the article)

To learn more about any of the topics in this newsletter, please contact David Parker at 914-761-9000 or via email at dparker@skcg.com

© 2012 SKCG Group, Inc. All rights reserved.