May 2012 - Employee Benefits I AP Benefit Advisors

The IRS has relaxed PPACA’s $2500 HCFSA cap for non-calendar year HCFSAs

Yesterday the IRS provided some relief for non 1/1 HCFSA plans.   Under current law there is no dollar-limit-cap on HCFSAs.  However, since HCFSAs contain a “uniform coverage provision”, meaning that the entire annual election is made available on the first day of the plan year, employers self-regulate their HCFSAs caps.  Employers that are worried about […]

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Workers Unclear on ‘Safety Net’ Voluntary Benefits Can Provide

From IFAWebNews The majority of workers don’t expect they or their family members to be diagnosed with a serious illness, factors that discourage them from seeking employee benefits to protect them from these possibilities, according to a new survey. The majority (58%) also lack a financial plan for handling an unexpected illness or injury, according […]

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Coping with Stress in the Workplace

Work stress is something we all face as employees and we all handle it differently. Being consistently overwhelmed at work can cause you to feel less confident, less productive and less satisfied with your job. Chronic work stress can also lead to mental and physical health problems. Common Causes of Job Stress –  The following are […]

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PPACA: IRS Releases Final Health Tax Credit Regulations

From LifeHealthPro Final regulations for implementing the health insurance purchase tax credit provisions in the Patient Protection and Affordable Care Act of 2010 (PPACA) are set to appear in the Federal Register Wednesday. PPACA opponents are challenging PPACA in Congress and the courts. If the act takes effect on schedules and works as drafters hope, individuals […]

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Study Finds Physicians Slow To Transition to Electronic Records

Just 25% of physicians are “on target” to meet the meaningful use standards established under the federal stimulus package, according to a according to a study by the Deloitte Center for Health Solutions, National Journal reports (Sanger-Katz, National Journal, 2/22). Under the 2009 federal economic stimulus package, health care providers who demonstrate meaningful use of […]

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Feds Are Auditing PPACA Compliance

By Allison Bell, May 10, 2012 The Labor department seems to be sending one type of written PPACA audit notice to plans that claim “grandfathered” status, a second type to non-grandfathered plans, and a third type to both grandfathered and non-grandfathered plans. A plan can qualify for grandfathered status by showing that it is roughly […]

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DOL: More SBC Guidance, Fewer Penalties?

Additional Clarity?  Certainty?  Or, just more guidance to help Employers/Plan Sponsors avoid fines? The Department of Labor (DOL) issued additional guidance on May 11, 2012.  Clarifying some points, federal regulators made clear(er), that they will not be imposing financial penalties on employers that do not “fully comply” with the Affordable Care Act’s new requirements to […]

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Doctor Panels Recommend Fewer Tests for Patients

In a move likely to alter treatment standards in hospitals and doctors’ offices nationwide, a group of nine medical specialty boards plans to recommend on Wednesday that doctors perform 45 common tests and procedures less often, and to urge patients to question these services if they are offered. Eight other specialty boards are preparing to […]

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Why Employers Need to Encourage Good Dental Hygiene Habits

By Charles Wheeler, A.B., M.D., J.D. One important risk factor that many employers overlook in their wellness programs is dental health. It’s true. You may wonder what does dental hygiene have to do with preventing serious illness? The answer to that question is simple. Poor dental health leads to chronic diseases, not only in the […]

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