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How Employers Should Handle MLR Rebates The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value for their premium dollars. The MLR rules require health insurance issuers to spend 80-85 percent of premium dollars on medical care and health care quality […]
On Aug. 8, 2020, President Donald J. Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from Sept. 1 to Dec. 31, 2020. Because the order is for a deferral, the unpaid taxes will need to be recouped at a later time, unless the Department can find an avenue […]
Engaging Remote Employees With Learning The COVID-19 pandemic continues to challenge many employers and their employees to move their daily work online, while trying to be just as productive and connected as in their normal workplace setting. With the remote workforce growing, employees can often feel disconnected and not as engaged with co-workers and the […]
President Donald Trump recently signed an executive order and three memorandums to address pandemic relief in response to the ongoing impact of the coronavirus (COVID-19) pandemic. After negotiations for a relief package between the White House and lawmakers collapsed, the executive actions are intended to extend pandemic unemployment benefits, student loan payment deferrals, eviction protections […]
Did you know that the average American spends about $1,200 each year on prescription drugs? Prescription drug prices in the United States rank among the highest across the globe. And with drug prices on the rise, 1 in 4 Americans are paying more today than they were a year ago. Start Saving Today It’s no […]
As the COVID-19 pandemic continues to wage on, its effects on benefits planning for next year are being felt—especially as open enrollment season approaches. According to Mercer’s Global Survey #5, 20% of employers surveyed said updating benefits programs to better meet employee needs was an HR area in which companies are seeing an increased need […]
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Employers are required to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2, according to guidance from the IRS and the U.S. Treasury Department. The guidance was provided in Notice 2020-54, issued by the agencies on July 8, 2020. Reporting […]
Guardian is offering a one-month premium credit or a rate guarantee for new and in-force dental and vision plans. All size groups can take advantage of these great opportunities. Premium Credit Option Existing groups: Applied to the second bill after the group renewal, beginning with September 2020 through August 2021 renewals New business: Applied to the first bill for […]
Anthem Blue Cross continues to look for ways to provide support and financial relief to employers and members during the COVID-19 emergency. Anthem is issuing premium credits to their Fully Insured employer groups based on their April 2020 invoices. This one-time credit will appear on employers’ August 2020 invoices: 15% of the April premium for […]
