Health plan design is just one piece of a comprehensive benefits strategy that will impact where you fall on the list of great employers. We partner with your team to understand your mission, corporate culture and demographics in order to connect them to your benefits strategy. We then map out a complete benefits strategy that stems the tide of rising costs and improves employee engagement — all making you an employer of choice.
We help you find and keep the right talent by designing benefit plans that improve recruiting and retention, provide tools that empower employees, assist with leadership development and educate employees to increase engagement.
We show you how to maximize the ROI of your benefits strategy with creative options for healthcare plans and employee benefits. You see a positive impact to your bottom line as we help you manage health plan costs, understand and target key cost drivers, avoid costly compliance mistakes, boost employee productivity and reduce turnover. Offerings include:
As states cautiously re-open and medical professionals brace for a potentially busy summer caring for people infected with COVID-19, protests have flared up nationwide sending hundreds of thousands of people into the streets to demand justice and systemic change. With emotional and physical stress already high from the fear, change and uncertainty surrounding the pandemic, the additional grief and trauma of the current social unrest, could trigger a further increase in the already anticipated higher need for mental healthcare.
One of the many taxes and fees included in the Affordable Care Act (ACA) when it first passed was the Patient-Centered Outcomes Research Institute (PCORI) fee. This was an annual fee based on the average number of members enrolled on the health plan, paid either by the insurance company (in the case of a fully-insured health plan) or the employer (in the case of a self-funded health plan, including Health Reimbursement Arrangements, or HRAs). In December of 2019, the Further Consolidated Appropriations Act was signed into law, extending the PCORI fee for another 10 years.
If you have a non-calendar year plan, the answer is maybe. If you have a calendar year plan, however, your filing deadline has not been affected, it remains July 31, 2020 (at least for now, barring further relief from the IRS). To see how your non-calendar plan may be affected, continue reading below. For more information on how to avoid errors and ERISA penalties as you file Form 5500 for your health and welfare plans, read our article The Form 5500 filing deadline is approaching - avoid errors and ERISA penalties.
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