Proposed 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 […]
Innovative 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 […]
Innovative 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 […]
Employees 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 […]
Consider 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 […]
Are 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 […]
Determining Minimum Value and Affordability
The IRS has released final regulations that address how wellness incentives or penalties, contributions to a health reimbursement arrangement, and employer contributions to a Section 125 plan are applied to […]
2015 Cost-of-Living Adjustments
Many employee benefit limits are automatically adjusted each year for inflation (this is often referred to as an “indexed” limit). The Internal Revenue Service and the Social Security Administration have […]
Supreme Court Agrees to Rule on Availability of Premium Tax Credits
Premium tax credits are only available to individuals who obtain health coverage through a Marketplace. A dispute has arisen as to whether the IRS has the ability to interpret PPACA […]
The “Play or Pay” Package
The employer-shared responsibility (“play or pay”) requirements do not apply to small employers and have been delayed until 2016 for employers with 50-99 employees. This raises the question – what […]
