Tag Archives: Employee Benefits

IRS Extends ACA Reporting Deadline for Form 1095 to Employees

What It Means to Work in the Insurance Industry

The Internal Revenue Service (IRS) extended the deadline for employers to deliver the Affordable Care Act’s (ACA) 2016 information reporting forms to employees from January 31, 2017 to March 2, 2017. The extension only applies for tax year 2016 and for furnishing Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) and Form 1095-B (Health Coverage) […]

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Why Your Business Should Be Offering Voluntary Benefits

Why Your Business Should Be Offering Voluntary Benefits

Now more than ever, it’s becoming critical for employers to offer voluntary benefits as a way to enrich their current benefits portfolio and to maximize their strategy of attracting and retaining employees. Also known as supplemental benefits, voluntary products provide a financial safety net for unexpected medical expenses in the event an employee becomes sick […]

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5 Reasons Why Your Business Needs Fiduciary Liability Insurance

5 Reasons Why Your Business Needs Fiduciary Liability Insurance

Most employers offer benefit plans as a way to attract and retain employees. However, fiduciaries are at risk to be held personally liable for what happens to that plan under the Employee Retirement Income Security Act (ERISA). If you are involved in the management of a retirement or health plan for a company, then you are likely […]

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IRS Extends 2015 ACA Information Reporting Deadlines for Employers

IRS Extends 2015 ACA Information Reporting Deadlines for Employers

Employers subject to the 2015 Affordable Care Act (ACA) information reporting requirements can breathe easy, at least for a little while longer. Early last week, the Internal Revenue Service (IRS) announced that it’s extending the deadlines to file information returns under sections 6055 and 6056 of the Internal Revenue Code. The reporting deadline extensions for employers […]

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McGrath Insurance Agent Becomes Self-Funding Certified

McGrath Insurance Agent Becomes Self-Funding Certified

Jennifer Krog, Employee Benefits Account Executive at McGrath Insurance Group, Inc., recently became certified through The National Association of Health Underwriters’ (NAHU) new professional development course on self-funded employer health plans. Krog enrolled in the class in order to gain a better understanding of the key technical components of self-funding, and is prepared to counsel her […]

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New Massachusetts Law: Earned Sick Time for Employees

New Massachusetts Law: Earned Sick Time for Employees

All employees in the state of Massachusetts, including full-time, part-time, temporary, and seasonal employees, will be entitled to earn and use sick time leave from work beginning July 1, 2015. The new law states that for every 30 hours an employee works, they will earn one hour of sick time. Employees can start earning sick time […]

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Disability Insurance Provides Income Protection

Disability Insurance Provides Income Protection

As a person in good health, you might be thinking that your chances of suffering from a disabling injury or illness are quite low. Yet, the odds are probably much higher than you think. One in four 20-year-olds entering the workforce will suffer from a disability before their retirement, which could result in loss of […]

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6 Key Points of the ACA Employer Mandate

6 Key Points of the ACA Employer Mandate

It’s the start of the New Year, which means the Affordable Care Act (ACA) employer mandate, delayed from its original date, went into effect as of January 1, 2015. The mandate states that small business owners with 100 or more full-time equivalent employees must be in compliance with ACA employer requirements, or else face penalties. Here are […]

Accident Insurance Provides Added Benefits

Accident Insurance Provides Added Benefits

As the back to school season draws near, parents everywhere are breathing a huge sigh of relief. Soon the kids will be back to their daily routine of classes, homework, and extracurricular activities, and the parents can go back to working and trying to keep up with the kids. But with all this running around, […]

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