TaLk To Us

Blog

Categories

Archive

Innovative Partners with Morey’s Piers & Beachfront Water Parks

Thursday, November  30,  2017

Innovative is excited to announce our new partnership with Morey’s Piers & Beachfront Water Parks. Morey’s Piers, located in Wildwood, New Jersey is an iconic seaside amusement park comprised of three amusement piers and two beachfront waterparks beloved by beachgoers far and wide. Innovative has been selected as the Benefit Consulting Firm tasked with developing … Continue reading

IRS to Send ACA Penalty Letters

Thursday, November  30,  2017

The Internal Revenue Service (IRS) has indicated that it plans to begin notifying employers by year end of their potential liability for failing to provide sufficient health coverage that is compliant with the Patient Protection and Affordable Care Act (ACA). The agency will begin notifying Applicable Large Employers (ALEs) of their potential liability for the … Continue reading

DOL Overtime Rule Defeated in Court, DOL to Appeal

Wednesday, November  8,  2017

As you may recall, the Department of Labor put forth overtime regulations that would have taken effect last December, enabling 4.2 million employees to be eligible for time and a half wages for every hour worked over the standard 40 hours per week. However, a number of business groups filed a lawsuit challenging the DOL’s … Continue reading

IRS Releases Maximum Contribution, Deferral and Compensation Limits for HSA, FSA, and 401(k) for 2018

Wednesday, October  25,  2017

The IRS has released the maximum contribution limits for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) for 2018.  The IRS also released the maximum deferral and compensation limits for 401(k) accounts. Health Savings Accounts Single Coverage Maximum Contribution Limit: $3,450 ($50 increase from 2017) Family Coverage Maximum Contribution Limit: $6,900 ($150 increase from … Continue reading

President Trump Ends ACA Cost Sharing Reductions

Thursday, October  12,  2017

On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. It is anticipated at least some state … Continue reading

Compliance Alert!

Monday, October  9,  2017

Two tri-agency (Internal Revenue Service, Employee Benefits Security Administration, and Centers for Medicare and Medicaid Services) Interim Final Rules were released and became effective on October 6, 2017, and will be published on October 31, 2017, allowing a greater number of employers to opt out of providing contraception to employees at no cost through their … Continue reading

Ryan Kastner Speaks at Pennsylvania State SHRM Conference

Friday, September  22,  2017

Earlier this morning, Innovative’s Employee Benefits Consultant, Ryan Kastner, had the pleasure of presenting at the Pennsylvania State SHRM conference in State College, PA. Ryan’s presentation, “Healthcare Trends in the Trumpcare Era” detailed the most recent national and regional employer health plan trends from the United Benefit Advisor’s  Annual Health Plan Survey and detailed strategic … Continue reading

Innovative Employer Identity Monitoring and Restoration Services

Thursday, September  21,  2017

Recently, Innovative had the pleasure of seeing Frank Abagnale speak at the UBA Conference in Chicago. You may recognize Frank’s name from the movie “Catch Me If You Can” where he was played by Leonardo DiCaprio. Frank became (in)famous for writing fake checks (among other things) as a teenager. Later in life, he was offered … Continue reading

Post-Equifax Cyber Breach: Retirement Plan Sponsor Considerations

Wednesday, September  20,  2017

Plan sponsors have a fiduciary obligation to safeguard and preserve the assets of their employee benefit plans. As the number of cyber hacks continues to increase, plan fiduciaries must take certain steps to protect plan assets. Measures include evaluating security measures currently implemented by your organization, understanding the plan’s service providers’ security procedures, reviewing plan … Continue reading

Post-Equifax Cyber Breach: Employer and Human Resource Considerations

Wednesday, September  20,  2017

Under EEOC regulations, employers can utilize credit checks when hiring employees, provided that the information is relevant to the position. For example, an individual who will be responsible for providing sound investment advice to clients, must prove to the company that their own credit is satisfactory. However, many vendors sell packages to employers that include … Continue reading

QUESTIONS?

Fill out the form and we'll get back to
you as soon as possible.

Full Name*

Email Address*

Company Name

Phone Number

Message

captcha

Innovative Benefit Planning L.L.C.