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CMS Publishes 2020 Benefit Payment and Parameters Final Rule | Chicago Benefits Agency

The Centers for Medicare and Medicaid Services (CMS) published its final rule and fact sheet for benefit payment and parameters for 2020. Although the final rule primarily affects the individual market and the Exchanges, the final rule addresses the following topics that may impact employer-sponsored group health plans:The 2020 maximum annual limitation on cost sharing is $8,150 for self-only … Continued

Kids and Body Image | Illinois Benefits Consultants

Growing up can be tough. The challenges of school, relationships with friends, sports and other activities can be stressful for children. Peer pressure, along with what they see and hear daily via social media, TV, movies and video games, can cause them to stress out about how they look. Comparing themselves with their friends—or, worse, … Continued

REMINDER: HEALTH PLAN PCORI FEES ARE DUE JULY 31 | Chicago Benefits Team

Employers that self-insured any group health plans in 2018, including health reimbursement arrangements (HRAs), are responsible for determining whether the annual PCORI fee applies to their plan. If so, use Form 720 to calculate, report, and pay the fee by July 31, 2019.PCORI stands for the Patient-Centered Outcomes Research Institute. Federal law imposes a small annual fee on most health … Continued

Ask the Experts: Overtime and Paid Time Off | Illinois Benefits Advisors

Question: Should we include holidays, PTO, vacation, or other leave taken during the workweek in calculating overtime premium pay under FLSA rules?Answer: No. Because holiday, PTO, and vacation hours are not actually hours worked they do not count towards overtime pay.Under the Fair Labor Standards Act (FLSA), an employer who requires or permits an employee to work … Continued

Identity Theft | Chicago Benefits Consultants

Recently, the “Happiest Place on Earth” wasn’t living up to its name for many families. For almost a full year, malicious software had been installed on point-of-sale systems at several Earl Enterprises restaurants. This software then captured debit and credit card numbers, expiration dates, and cardholder names of users purchasing food at these venues. Identity … Continued

Gig Economy 101 | Illinois Benefits Team

By now you’ve heard of the term “gig economy” but you may not know what it means. Is it describing the economy of musicians as they work gigs? Does it mean something about computers and the measurement of space allotted for their programs? Does it have something to do with fishing? Well, not exactly. But, … Continued