March 2016 - Employee Benefits I AP Benefit Advisors

Employer Healthcare Plan Trends for 2016

Health plan cost containment is a popular topic among employers. Employers no longer have the struggle with deciding where to begin to make their health plans more cost effective while also improving the employee’s health. There are ten trends in health care strategies that employers find happening now. The first trend is the rise in […]

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Proper Treatment for Employer’s Opt-Out Incentives

Questions remain about the proper treatment for employer’s opt-out incentives (cash/rewards offered by employers to their employees in exchange for waiving coverage under that employer’s health plan). There are two types of opt-outs: unconditional and conditional. An unconditional opt-out arrangement is an arrangement that provides for a payment that is solely conditioned on an employee […]

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Do You Know the Meaning Behind These Easter Symbols and Traditions?

Origin of Easter Easter derives its name from Eostre, an Anglo-Saxon goddess of spring. Easter always falls between March 22 and April 25 (depending on the phases of the moon), which April had been name “Eostremonat,” or Eostre’s month, leading to “Easter” becoming applied to the Christian holiday that usually took place within the month. […]

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IRS Releases Publication 969 and Publication 503

IRS Issues 2015 Version of Publication 969 on HSAs, HRAs, Health FSAs, and MSAs Publication 969 has been updated for use in preparing 2015 tax returns. This publication provides basic information about HSAs, HRAs, Healthcare FSAs, Archer MSAs, and Medicare Advantage MSAs, including brief descriptions of benefits, eligibility requirements, contribution limits, and distribution issues. There […]

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Enjoy Some St. Patrick’s Day Facts!

Green wasn’t always associated with St. Patrick’s Day. Blue was his hue! That’s right, St. Patrick’s color was a light blue. Green became associated with the day after being linked with the Irish independence movement in the late 18th century. St. Patrick was British! Although he introduced Christianity to Ireland in the year 432, St. […]

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New SBC Updates from the DOL

On Friday, March 11, 2016, the DOL, HHS and the Treasury Departments, jointly issued PPACA FAQ  Part 30, which provided the deadline by which health plans and plan issuers will have to use the new SBC (Summary of Benefits and Coverage) template and the other corresponding activity associated with that. Start Using them on/after April […]

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HRCI Pre-Approved* Crawford Webinar – The Cost of Compliance: How Evidence Based Medicine Adherence Can Reduce Healthcare Spend

Join AP Benefit Advisors’ Director of Data Analytics, Scott Mayer, for this HRCI Pre-Approved* webinar, and learn how evidence based medicine adherence can reduce healthcare spending. Wellness programs and population health management strategies tout “return on investment” to validate spending on an array of programs. From biometrics, to risk assessments, to weight loss challenges and […]

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DOL Establishes Rule Implementing Paid Sick Leave for Federal Contractors

Recently, the Department of Labor (DOL) issued and established the proposed rule that implements the Executive Order (EO) 13706, which establishes paid sick leave for federal contractors. The DOL estimates that the order will provide paid sick leave to about 828,000 employees of federal contractors as well as 437,000 employees that currently receive no paid […]

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Small Business Health Care Tax Credit

The small business health care tax credit is a component of the Affordable Care Act (ACA). This tax credit can benefit small employers that provide health coverage for their employees. If the employer has fewer than 25 full-time employees, pays an average amount of $51,600 per year in salary, and pays half of the employee’s […]

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EEO-1 Update and What You Need to Expect

The Equal Employment Opportunity Commission (EEOC) wants to collect data on 63 million employees. The White House announced that they are taking action in advancement of equal pay. This means that filling out EEO-1s will become more burdensome. As a reminder, EEO-1 is a compliance survey that qualifying businesses report their employment data, which is […]

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