United Benefit Advisors Insight and Analysis Blog

IRS Releases Final Forms and Instructions for 2018 ACA Reporting

Posted by: Karen Hsu    Nov 15, 2018 1:12:11 PM

The Internal Revenue Service (IRS) released instructions for both the Forms 1094-B and 1095-B and the Forms 1094-C and 1095-C and Forms 1094-B, 1095-B,1094-C, and 1095-C. There are no substantive changes in the forms or instructions between 2017 and 2018, beyond the further removal of now-expired forms of transition relief. There is a minor formatting change to Forms 1095-B and 1095-C for 2018. There are dividers for the entry of an individual’s first name, middle name, and last name. 

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Topics: compliance recap, IRS 1094, IRS 1095, IRS, ACA reporting

Giving Thanks in the Office

Posted by: Bill Olson    Nov 13, 2018 1:05:32 PM

While our personal lives may offer plenty of opportunities to give thanks, it's also important to make a habit of it in our professional lives, according to an article in the Cobb Business Journal. Few people in a study cited expressed gratitude for their work, and that might be because a culture of gratitude needs to be cultivated in the office, and from the top. Business leaders worried that giving thanks will be seen as hinting at a promotion, showing weakness, or failing to inspire hard work should take note of leaders like Richard Branson and Oprah Winfrey. Both view gratitude as an essential element of success and built empires by cultivating a culture of thankfulness. The data supports that mindset, with the vast majority of employees reporting they'd work harder for a more grateful boss.

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Topics: company culture, corporate culture, leadership

All Three Generations Need Income Protection

Posted by: Mitchell Nelson    Nov 8, 2018 12:56:27 PM

The top three workforce generations are Baby Boomers, Generation Xers and Millennials. These generations range from being born in 1946–1996, which is a 50-year difference from the first Baby Boomer to the last Millennial. Even with the large age gap, all of these individuals have a very similar concern—the loss of income if they are unable to work due to a disabling event such as an injury or illness. 

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Topics: Generational Differences, Millennials, Generation X, Baby Boomers, disability income, income protection

8 Ways to Relate to Time as a Realist

Posted by: Bill Olson    Nov 6, 2018 1:11:26 PM

Productivity and time management expert Julie Morgenstern believes people can be grouped two ways when it comes to time management: Time realists and time optimists.

Time realists consider how long things take and what is going on in any given day. Time optimists are guided by what they hope to get done.

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Topics: time management, scheduling, personal time, personal management, avoiding burnout, employee burnout, productivity

Tri-Agency Proposed Rule on Health Reimbursement Arrangements

Posted by: Karen Hsu    Nov 1, 2018 1:37:24 PM

The Department of the Treasury (Treasury), Department of Labor (DOL), and Department of Health and Human Services (HHS) (collectively, the Departments) released their proposed rule regarding health reimbursement arrangements (HRAs) and other account-based group health plans. The DOL also issued a news release and fact sheet on the proposed rule.

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Topics: HRAs, HRA, Qualified Small Employer HRA, QSE HRA, Compliance Advisor

Be the Boss You Want to See in the World

Posted by: Bill Olson    Oct 30, 2018 12:46:14 PM

An article in the Harvard Business Review suggests that the traits that make someone become a leader aren’t always the ones that make someone an effective leader. Instead, efficacy can be traced to ethicality. Here are a few tips to be an ethical leader.

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Topics: leadership, workplace culture, creating culture, work environment, Feedback

Choosing the Right Flexible Benefit for Employees

Posted by: Blake London    Oct 25, 2018 12:56:25 PM

Trying to decide which of the many employer-sponsored benefits out there to offer employees can leave an employer feeling lost in a confusing bowl of alphabet soup—HSA? FSA? DCAP? HRA? What does it mean if a benefit is “limited” or “post-deductible”? Which one is use-it-or-lose-it? Which one has a rollover? What are the limits on each benefit?—and so on.

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Topics: Flexible Benefits, HRA, FSA, HSA, employee benefit plans

Making a Remote Team Work

Posted by: Bill Olson    Oct 24, 2018 10:55:46 AM

In a tight labor market, a candidate’s potential commute can make a job more or less attractive. HumanResources reports that a quarter of employees surveyed had left a job because of the commute. When looking at just Millennials, the number jumps to one third. Employees can be choosy, selecting a job that offers more of what they want, and that means less of a commute. Companies can work around this by offering transportation amenities, flexible scheduling or more remote working opportunities.

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Topics: remote work, Millennials in the Workforce, commute, flexibility in the workplace

Do you have a choice of where you will be taken care of?

Posted by: Rob Morrow    Oct 18, 2018 1:07:37 PM

If something should happen to you or one of your employees today that required Long Term Care, do you, or they, have a choice in where the care is received? 

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Topics: Long-Term Care, long-term care insurance, Medicaid, employee benefits, long-term care benefits, senior care

Shrinking Talent Pools Mean Shifting Hiring Strategies

Posted by: Bill Olson    Oct 16, 2018 12:45:32 PM

The labor market is tighter than ever, so people in hiring capacities need to be ready to win potential workers from competitors.

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Topics: Job Candidates, Job Interviews, recruiting, company culture, attracting talent