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Interim Final Regulation on Maximum Civil Monetary Penalties | Illinois Employee Benefits

The Department of Health and Human Services (HHS) recently issued interim final regulations that adjust for inflation the maximum civil monetary penalties (CMP) that fall under HHS’s jurisdiction. The regulations reflect changes required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the Act). Adjustments under the Act were effective on August … Continued

Ask the Experts: Dealing With FSA Carryover Funds | Chicago Employee Benefits

Question: If an employee has a small health flexible spending account (FSA) balance with a carryover to the next year, and the employee chooses not to participate in the new FSA year, can the employer force the employee to use those funds so as not to incur additional administrative fees in the next plan year? Answer: … Continued

Videos Make Everything Better

You don’t need to look at the success of YouTube to realize that people are naturally drawn to online videos. The same can be said when people are looking for a job.

Videos Make Everything Better

You don’t need to look at the success of YouTube to realize that people are naturally drawn to online videos. The same can be said when people are looking for a job.

Wellness Wearables: Novelty or an Impact to the Health Care Industry? | Chicago Employee Benefits

It’s no secret in the wellness industry today that wellness wearables are in high demand as one of the most employer-offered program incentives. Wearables are not only being distributed at a large quantity by medical carriers, they are also being utilized by employers as an incentive to drive employee engagement on wellness platforms, challenges, and … Continued

New Law Allows Small Employers to Pay Premiums for Individual Policies | Illinois Benefit Advisors

This week, the U.S. Senate passed the 21st Century Cures Act which includes a provision allowing small businesses to offer a new type of health reimbursement arrangement for their employees’ health care expenses, including individual insurance premiums. The act was previously passed by the House and President Obama is expected to sign it shortly. The … Continued

The New HSA Under Trump’s Proposed Health Plan | Chicago Employee Benefits

With the election of a new President, health care plans and the fate of the Affordable Care Act are a hot topic of discussion. As part of his 7-tier health plan, President-Elect Donald Trump has proposed a shift in the way health savings accounts (HSAs) are offered to working Americans. Simply put, an HSA is … Continued

Is A Shorter Workday Better? Only Time Will Tell.

If you or a coworker is a “clock watcher” when it comes to that five o’clock rush out the door, you may rejoice in not having to watch the clock for as long during the workday.

Is A Shorter Workday Better? Only Time Will Tell.

If you or a coworker is a “clock watcher” when it comes to that five o’clock rush out the door, you may rejoice in not having to watch the clock for as long during the workday.

Long-Term Care Insurance: Employee Education Makes the Difference | Chicago Benefit Advisors

Most Partners of United Benefit Advisors (UBA) and their clients have benefits enrollment down pat. They know what to communicate to employees, and when. Employees, too, are usually familiar with the process. For example, they know what to expect when they start comparing their medical plan options to their 401(k) contributions. But not all benefits … Continued