United Benefit Advisors Insight and Analysis Blog

Top 5 Blogs of 2018

Posted by: Bill Olson    Jan 3, 2019 1:00:00 PM

As 2018 wraps up and we move into 2019, we wanted to recap some of the most popular posts we shared this year.

In everything from compliance updates to human resources news, UBA stays on top of the latest trends, new regulations, and hot-button issues in the industry so we can share knowledge about the benefits industry.

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Topics: benefits compliance, voluntary benefits, IRS, fringe benefits, retirement planning

Treasury, DOL, and HHS Release Two Final Rules on Contraceptive Coverage Exemptions

Posted by: Karen Hsu    Dec 27, 2018 1:30:46 PM

The Department of the Treasury (Treasury), Department of Labor (DOL), and Department  of Health and Human Services (HHS) (collectively, Departments) released two final rules on contraceptive coverage exemptions. These rules finalize the Departments’ interim final rules that were published on October 13, 2017. HHS also issued a press release and fact sheet on these final rules.

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Topics: Department of Labor, Department of Health and Human Services, contraception coverage

IRS Issues Specifications for Employer-Provided Substitute ACA Forms

Posted by: Karen Hsu    Dec 20, 2018 12:52:11 PM

The Internal Revenue Service (IRS) issued Publication 5223 General Rules and Specifications for Affordable Care Act Substitute Forms 1095-A, 1094-B, 1095-B, 1094-C, and 1095-C that describes how employers may prepare substitute forms to furnish ACA reporting information to individuals and the IRS.

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

Are Employers Smart to Deal with Student Debt?

Posted by: Bill Olson    Dec 18, 2018 12:46:46 PM

In recent decades, a college education has become accessible to more Americans than ever before. Since most families or individuals can’t write a check for a full year’s tuition, student loans are one way to finance that attractive education. Students loans are often touted as “good debt,” worthwhile money spent that, with low interest rates and career advances, can improve credit and long-term earning prospects.

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Topics: student loan, debt, HR Elements, recruitment, talent retention

Make Your Employer Brand More Purposeful

Posted by: Bill Olson    Dec 13, 2018 1:09:20 PM

Branding is big news. Beyond hoping to boost sales and profits through consumer-facing brands, branding is also a critical component for companies in their roles as employers. As budgets are being made and communications planned for 2019, there are steps big and small you can take to make employer branding a priority for your team in the new year.

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Topics: Branding, Employer Branding, recruiting, talent retention, company culture, Job Interviews

IRS Extends Due Date to Furnish ACA Forms to Participants and Provides Good Faith Penalty Relief

Posted by: Karen Hsu    Dec 11, 2018 1:12:23 PM

The Internal Revenue Service (IRS) issued Notice 2018-94 to extend the due date to furnish 2018 Forms 1095-B and 1095-C to individuals. The due date moves from January 31, 2019, to March 4, 2019.

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Topics: Form 1095-B, Form 1095-C, extended, compliance recap

Your Voluntary Benefits Plan May Lead To A Tragic Result

Posted by: Mitchell Nelson    Dec 6, 2018 12:52:59 PM

The end of the open enrollment season is in sight, and human resource professionals are breathing a sigh of relief as they close the door on the 2019 enrollment. Smart benefit managers are already beginning to assess new products and services for the next enrollment season and looking at how to improve their programs and processes.

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Topics: disability insurance, income protection, disability income protection, Millennials

Culture Questions

Posted by: Bill Olson    Dec 4, 2018 12:59:30 PM

With unemployment continuing at historically low numbers, it’s up to employers to win sought-after candidates. During an interview, employers are likely ready for the culture question. When asked about culture directly, according to an article in Fast Company, interviewers are quick to offer pat or polished answers.

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Topics: company culture, corporate culture, recruitment, recruiting

HHS Releases Inflation-Adjusted Federal Civil Penalty Amounts

Posted by: Karen Hsu    Nov 29, 2018 2:36:55 PM

The Department of Health and Human Services (HHS) issued its Annual Civil Monetary Penalties Inflation Adjustment. Here are some of the adjustments:

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Topics: compliance recap, HHS, Medicare

Happier Holidays, the HR Way

Posted by: Bill Olson    Nov 27, 2018 12:49:58 PM

Most people, according to a new survey featured in HR Dive, have the greatest sense of belonging in their own homes. That may not be surprising news, but what is interesting is that one third of respondents felt the greatest sense of belonging in their workplace. A significant percentage, 40 percent, attribute that feeling to actions their colleagues and managers take to check in on them, both personally and professionally. Belonging improves employee retention and productivity, certainly, but it requires acknowledgement of diversity and efforts at inclusion.

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Topics: holidays, human resources, diversity, Inclusion