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On January 20, 2017, President Trump signed an Executive Order on the Affordable Care Act (ACA). But if you think the ACA is gone - think again. No ACA provisions or requirements have been eliminated or delayed as a result of President Trump’s actions. Employers should continue to prepare for future requirements and deadlines to ensure full compliance.
The Department of Labor (DOL) has launched a rather aggressive program to test if companies are complying with the Form 5500 and associated audit report requirements in a timely way. For non-compliant companies a fine of up to $2,063 per day is a reality they soon may face.
Traditional health insurance is costly. Each year, you wage war against the annual cost increases that eat away at your business’s bottom line. And yet, despite your most valiant efforts, the system always wins.
But there is a way to fight back. Many small and midsize companies have figured out what the big guys have known for decades - you can beat the system.
HSA accounts follow a new set of rules for employees that enroll in Medicare. If any of your employees are covered by a High Deductible Health Plan (HDHP), contribute to a HSA, and are looking to enroll in Medicare these rules apply to you.
In with the old, out with the new. During the 1980s and 1990s many health care systems around the country decided to test their luck in the health insurance business. Most of these organizations did not fully understand the risks and challenges of being in the insurance industry. In the end, most of these health care systems ended up selling their plans to insurance companies or simply shutting them down. As of April 20th, 2016, Anthem Blue Cross and Blue Shield and Aurora Health Care embark on a new joint venture health insurance company. This tried approach is making a comeback with a modern, employer friendly twist.
The U.S. Department of Labor (DOL) announced in June 2015 a proposed rule that would extend overtime protections to certain white-collar workers. The proposed rule may make millions more employees eligible for overtime pay.
Many employers use lifestyle management and employee wellness incentive programs to influence employee behavior. Their prize is slashed health care costs and increased productivity, thanks to improved employee health.
HNI works with high-performing companies to help them address the hidden risks in their business and avoid The Insurance Dependency Trap. This is done by proactively DE-RISKING their business so they can be less dependent on insurance.
HNI also offers the basic services of insurance and employee benefits. HNI has offices in Milwaukee, Chicago, and Minneapolis.