United Benefit Advisors Insight and Analysis Blog

IRS Issues Updated Employers Tax Guide to Fringe Benefits

Posted by: Danielle Capilla    May 17, 2018 4:00:00 PM

Recently the Internal Revenue Service (IRS) issued its 2018 Publication 15-B, which informs 

employers about employment tax treatment of fringe benefits.
Read More

Topics: IRS, employee benefit plans, fringe benefits

Redefining Retirement

Posted by: Bill Olson    May 15, 2018 4:35:21 PM

Employees are working longer, whether because of increasing life expectancies or lowered confidence about their ability to retire. Longer work lives are tied to less engagement and more stress, among other negative impacts. For employers, this may mean taking time to consider shifting benefits or programming to better meet changing needs both to help employees retire when they want and stay healthier if they continue working.

Read More

Topics: family insurance benefits, retirement security, retirement planning

IRS Changes HSA Limit for 2018

Posted by: Danielle Capilla    May 11, 2018 11:54:46 AM

The Internal Revenue Service (IRS) recently released Revenue Procedure 2018-27 to modify the 2018 health savings account (HSA) family contribution limit back to $6,900. This is the second, and likely final, change in limit during 2018.

 

Read More

Topics: family planning, HSA, family insurance benefits, HSA funding, health care benefits, HSAs

Your Workplace May Want to Get Moving

Posted by: Bill Olson    May 8, 2018 12:00:00 PM

Rearranging workspaces may cause grumbling around the water cooler. The return on employee time and company money invested in reorganizing has long been difficult to prove. But, when Steve Jobs famously centralized bathrooms at Pixar for serendipitous interactions meant to spur innovation, it turns out he really was on to something.

Read More

Topics: office culture, office productivity, office environment, empolyee engagement

U.S. Department of Labor Updates CHIP Notice

Posted by: Bill Olson    May 3, 2018 3:00:07 PM

In March, the U.S. Department of Labor (DOL) updated its model Premium Assistance Under Medicaid and the Children's Health Insurance Program notice, otherwise known as the CHIP notice. (This update is standard process, and usually happens biannually.)

Read More

Topics: Medicaid, Department of Labor, health care benefits, health care coverage, CHIP

Why Work? For More than the Money

Posted by: Bill Olson    May 1, 2018 8:00:00 AM

Discovering the individualized reasons people work is key to helping employers understand what will motivate employees.

According to the article "What People Want from Work: Motivation" on the website The Balance, successful companies need to start with money. Paying employees fair compensation, or ideally more than fair, brings the talent in and reduces the risk of losing great employees. Money helps employees check off responsibilities ranging from taking care of the most basic necessities to enjoying hobbies to long-term planning for retirement.

Read More

Topics: employee engagement, employee communication, employee satisfaction, employee participation, employee burnout, workplace culture, motivation, working conditions

Understanding Clients’ IRS Play-or-Pay Penalty Assessment Letter

Posted by: Danielle Capilla    Apr 26, 2018 4:46:07 PM

Recently, clients may have contacted you with questions about Letter 226-J, which they would have received from the Internal Revenue Service (IRS) during or after the end of 2017. These letters stated that your clients might owe money, either because the IRS didn’t offer health coverage to enough of its full-time employees, or because the health coverage that it did offer wasn’t affordable (or minimum value).

Read More

Topics: health insurance policy, Health Coverage Tax Credit, play or pay requirements, ACA penalties, benefits compliance, tax law, Compliance Advisor

Eat to Live Well: Health Benefits of the Mediterranean Diet

Posted by: Bill Olson    Apr 24, 2018 8:00:00 AM

Promoting workforce wellness never tasted so good. For heart-healthy living, it turns out a great dietary option for many dates back centuries.

Based on the traditional cuisine of communities along the coasts of Italy and Greece, the Mediterranean diet is gaining increasing popularity among nutrition experts in this hemisphere.

Read More

Topics: wellness, eating at work, healthy lifestyles, nutrition

Notifying Participants of a Plan Change

Posted by: Danielle Capilla    Apr 19, 2018 6:06:12 PM

Curious about when you should notify a participant about a change to their health care plan? 

The answer is that it depends! 

Read More

Topics: health care benefits, benefits compliance, benefits communication, health care plans

Beware of Tech Overload

Posted by: Bill Olson    Apr 17, 2018 8:00:00 AM

Technology has certainly made the workplace faster, smarter and more productive. New apps and systems continuously offer new ways to create, manage and collaborate. However, just as with many good things, workers can get too much of office tech. With each digitization of traditional job and team functions comes a cost in diminishing associated skills. Many forward-thinking companies are taking heed of the potential pitfalls of tech overload. Check out some particular hazards culled from across the Web.

Read More

Topics: workplace wellness, workplace culture, small business chronicle, technology