Month: January 2015
Top 5 Questions About The “Cadillac” Tax
The excise tax on high cost plans (also referred to as the Cadillac tax and the 4980I tax) is scheduled to take effect in 2018. To date, regulations have not been issued, so many of the details about how the tax will operate are unclear. (The regulatory agencies are responsible...
Read MoreProposed Changes to Summary of Benefits and Coverage (SBC)
The Department of Labor (DOL), the Department of Health and Human Services (HHS), and the Internal Revenue Service (IRS) have issued proposed regulations that would update the summary of benefits and coverage (SBC) requirement, including the SBC template, instructions, example calculator, and uniform glossary. If adopted, the revised form would be used...
Read MoreInnovative Principal Speaks at Federal Reserve Bank
On Tuesday, January 13th Innovative’s Principal, Mark Sulpizio, was invited to participate at the Entrepreneurs’ Forum of Greater Philadelphia event at The Federal Reserve Bank of Philadelphia. Mark was featured as one of five panelists invited to speak at the EFGP Advisory Boards networking event. The group discussed important topics...
Read MoreInnovative Investment Fiduciaries Presents to HR Association
On Thursday, January 8th, Innovative’s Matthew Bernstein, Retirement Plan Consultant, and Mark Sulpizio, Managing Partner, were asked to speak at the Greater Princeton Human Resources Association’s (GPHRA) monthly meeting in Princeton, New Jersey. The presentation discussed the Pension Protection Act’s plan restatement requirement due April 30th 2016 which requires most...
Read MoreEmployees Just Don’t Understand…
Or are employers just not communicating effectively? In 2015, most organizations have employees that include Baby Boomers, Generation X, Generation Y, and Millennials. Each of these generations is different in the way they find information, digest information, and act on information. Now if you read the title to this post...
Read MoreConsider a Wellness Coach
Biometric testing has become the latest rage in wellness programs. If you’re unfamiliar with this, biometric testing (sometimes called biometric screening) involves measuring employees’ blood pressure, blood glucose, cholesterol, and similar measurements of employees’ health status. This testing can be a very helpful and important part of a corporate wellness...
Read MoreAre You Benchmarking Your Health Plan Correctly?
Many employers benchmark their health plans against other employers with the same carrier or using nationally available data. But the benchmarking best practice is to compare your plan with others based on plan type, region, employee size, and industry. Without this more granular data, you could be missing key data...
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