6 Tips for a Healthier Summer BBQ
6 Tips for a Healthier Summer BBQ Grilling is a fun way to prepare some of your favorite foods, especially during the summer. Try out a new recipe and follow these tips to make your summer cooking adventures healthy and flavorful this season! Add color. So many different fruits and veggies can be grilled, alone […]
Innovative Welcomes Nicoletta Torres as New Account Manager
Innovative Welcomes Nicoletta Torres as New Account Manager We are excited to announce the latest addition to the Innovative Benefit Planning team! Please join us in welcoming Nicoletta Torres as our newest Account Manager. As an account manager, Nicoletta will be a valuable resource to Innovative’s leadership team, employees, and clients. She will directly support […]
June 2021 Compliance Recap
June 2021 Compliance Recap June 2021 was not a busy month in the benefits industry, largely due to the summer vacation season and the Independence Day holiday. Importantly, however, the U.S. Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act (ACA). Additionally, the IRS unveiled a tool to assist families in […]
IRS Issues Draft Form 1095-C
IRS Issues Draft Form 1095-C The Internal Revenue Service (IRS) recently issued the 2021 Draft Form 1095-C, which is required to be filed with the IRS by applicable large employers (ALEs), to report the offer of health coverage to employees. New Codes An ALE that offers an individual coverage health reimbursement arrangement (ICHRA) can now […]
The IRS Issues the Most Recent Update to Form 941
The IRS Issues the Most Recent Update to Form 941 On June 24, 2021, the Internal Revenue Service issued the most recent update to Form 941, the Employer’s Quarterly Federal Tax Return. The form has several new lines added to obtain credits for the COBRA subsidies offered under the American Rescue Plan Act (ARPA). Employers […]
EEOC Extends EEO-1 Deadline for 2019 and 2020 Data Submissions
EEOC Extends EEO-1 Deadline for 2019 and 2020 Data Submissions The New Deadline Gives Employers Another Month–Until August 23– To Complete Their Reports Employers now have some extra time to submit equal employment opportunity (EEO-1) workforce data from 2019 and 2020, the U.S. Equal Employment Opportunity Commission (EEOC) announced on June 28, 2021. These reports […]
Andrew May Promoted to Senior Account Manager – Financial Services
Andrew May Promoted to Senior Account Manager – Financial Services Innovative Benefit Planning is pleased to announce the promotion of Andrew May to Senior Account Manager-Financial Services. Andrew has been a part of the Innovative financial service team for over two years, serving as a Financial Services Associate. During this time, Andrew has managed to […]
No Surprise Billing: Interim Final Regulations Part 1
No Surprise Billing: Interim Final Regulations Part 1 On July 1, 2021, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the Departments), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping […]
Benefits of a CEFEX Certified Advisor
Benefits of a CEFEX Certified Advisor A CEFEX (Centre for Fiduciary Excellence) certified advisory firm adheres to a standard representing the best practices in their industry. They abide by a global fiduciary standard of excellence with specific criteria covering 21 best practices. In fact, the documented repeatable processes and the evidence-based decision-making that CEFEX demands […]
3 Reasons Every Employer Should Benchmark Their Health Plan
3 Reasons Every Employer Should Benchmark Their Health Plan As employers are competing for the race for talent and trying to bend the rising health care cost curve, benchmarking employee benefits is more important than ever. Here are three advantages to benchmarking health benefits: Bragging Rights: Employee benefits are a part of the compensation equation […]
