On June 22, 2017, Republicans in the U.S. Senate released a draft of their proposal to repeal and replace the Affordable Care Act (ACA). The proposal is being called the Better Care Reconciliation Act (BCRA). Debate is currently occurring that will impact whether and when a vote may be taken regarding this Act. While some [...]
Continue Reading →Over the past several years, an increasing number of our clients have added Health Savings Accounts (HSAs) to their employee benefits programs. In addition to helping these organizations develop innovative and cost-effective funding strategies when implementing HSAs, we also seek to provide dynamic communication materials to help them educate their employees. This includes videos, case [...]
Continue Reading →The CBG Benefits team continues to grow! We are currently looking for a Senior Account Executive to join our team and support our employee benefits brokerage business. Please click here to learn more about this position and to apply. Some of the key job responsibilities will include: Managing the annual renewal process to ensure that [...]
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Leave a Comment: (0) →To help your company educate its employees about wellness-related topics, we are happy to share the June 2017 edition of our “Live Well, Work Well” newsletter. This month’s edition focuses on topics regarding nutrition and safety during the summer season. The specific articles within the June 2017 edition of “Live Well, Work Well” include: Shop [...]
Continue Reading →To help your company meet its ongoing compliance requirements, we’d like to inform you that the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has extended the expiration date on its model Health Insurance Exchange Notices to May 31, 2020. Previously, these model notices were set to expire on May 31, 2017. Please click [...]
Continue Reading →Under the Affordable Care Act, certain employers have an annual obligation to pay the PCORI fee. Generally, this fee applies to employers that have a self-insured group health plan and to employers that have a Health Reimbursement Arrangement (HRA) alongside their fully-insured group health plan. Sponsors of any applicable plans that ended in 2016 must [...]
Continue Reading →To help your company educate its employees about wellness-related topics, we are happy to share the May 2017 edition of our “Live Well, Work Well” newsletter. This month’s edition focuses on topics such as tobacco cessation, spring allergies, and the importance of screenings. The specific articles within the May 2017 edition of “Live Well, Work [...]
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Leave a Comment: (0) →On May 2, 2017, the House of Representatives passed the Working Families Flexibility Act (also known as H.R. 1180). H.R. 1180 still needs approval from the Senate and the executive branch before it becomes law. However, to help our clients understand how this Act may potentially impact their business, we encourage you to log-in to [...]
Continue Reading →Under the ACA, employees (and their family members) who are eligible for coverage under an affordable employer-sponsored plan are generally not eligible for the premium tax credit. The ACA provides that employer-sponsored coverage is considered affordable if the employee’s required contribution for self-only coverage does not exceed a specific percentage of the employee’s household income [...]
Continue Reading →On May 5, 2017, the IRS announced the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. The following chart highlights the updated limits: If you need assistance updating your plan designs and/or employee communication materials to reflect this change in the months to come, please contact our team [...]
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