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6 Reasons People Don’t Buy Life Insurance (and Why They’re Wrong) | Chicago Benefit Advisors

Let’s face it. Most people put off buying life insurance for any number of reasons—if they even understand it Take a look at this list—do any of them sound like you?1. It’s too expensive. In the ever-burgeoning budget of a young family, things like day care and car payments and possibly student loans eat up … Continued

Court Remands Wellness Regulations to EEOC for Reconsideration | Chicago Benefit Advisors

On August 22, 2017, the United States District Court for the District of Columbia held that the U.S. Equal Employment Opportunity Commission (EEOC) failed to provide a reasoned explanation for its decision to adopt 30 percent incentive levels for employer-sponsored wellness programs under both the Americans with Disabilities Act (ADA) rules and Genetic Information Nondiscrimination … Continued

The Risk of Being Uninsured (and the Hidden Bargain in Addressing It Now) | Chicago Benefit Advisors

With all the expenses of everyday living, it’s tempting to think of insurance as just another cost. What’s harder to see is the potential cost of not buying insurance—or what’s known as “self-insuring”—and the hidden bargain of coverage.The Important vs. the Urgent We’ve all experienced it: the tendency to stay focused on putting out fires, … Continued

Small Businesses Healthcare Competitive, But Faces Two Big Challenges | Chicago Benefit Advisors

We recently revealed how competitive small business health plans are when compared to national averages—and even how they are doing a better job of containing costs. But the UBA Health Plan Survey also uncovers two challenges these groups face in its new special report: “Small Businesses Keeping Pace with Nationwide Health Trends”.1.Small businesses are passing … Continued

The Killjoy of Office Culture | Chicago Benefit Advisors

One of the latest things trending right now in business is the importance of office culture. When everyone in the office is working well together, productivity rises and efficiency increases. Naturally, the opposite is true when employees do not work well together and the corporate culture suffers. So, what are these barriers and what can … Continued

Understanding EAP Confidentiality | Chicago Benefit Advisors

When it comes to Employee Assistance Programs, confidentiality is a concern for both employers and employees. As an employer, it is helpful to understand the terms and processes your EAP uses to keep information confidential and ensure that your employees and your workplace are safe.The Health Insurance Portability and Accountability Act (HIPAA) rules apply to … Continued

What You Need to Know about Health Flexible Spending Accounts | Chicago Benefit Advisors

A health flexible spending account (FSA) is a pre-tax account used to pay for out-of-pocket health care costs for a participant as well as a participant’s spouse and eligible dependents. Health FSAs are employer-established benefit plans and may be offered with other employer-provided benefits as part of a cafeteria plan. Self-employed individuals are not eligible … Continued

DOL Guidance for Benefit Plans Impacted by Hurricane Harvey | Chicago Benefit Advisors

The U.S. Department of Labor has issued compliance guidance for benefit plans, employers and employees, and service providers who are impacted by Hurricane Harvey. The guidance generally provides relief from various ERISA requirements and time limits for entities in the disaster area. This follows the Internal Revenue Service (IRS) announcement extending certain filing dates, including … Continued

Slight Increase to Standard Per Diem Rates for Fiscal Year 2018 | Chicago Benefit Advisors

Mark your calendars for October 1, 2017, when the 2018 standard per diem rates for the lower 48 Continental United States (CONUS, because everyone loves an acronym) go into effect.These rates, set by the General Services Administration (GSA, see acronym comment above), represent the maximum amount that federal employees can receive in travel reimbursements when … Continued

Survey: Small Businesses Keeping Pace with Health Benefits Offered by Employers Nationwide | Chicago Benefit Advisors

Small employers, those with fewer than 100 employees, have a reputation for not offering health insurance benefits that are competitive with larger employers, but new survey data from UBA’s Health Plan Survey reveals they are keeping pace with the average employer and, in fact, doing a better job of containing costs.According to our new special … Continued