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Compliance ✔ 2019 Health FSA Limit
The IRS just announced the Health FSA limit for 2019. The amount increased $50 to $2,700. If an employer's cafeteria plan document states that the contribution limit reflects the maximum allowable by the IRS, then no changes are necessary. However, if the document...
Compliance ✔: HRAs to Reimburse Individual Health Premiums and Excepted Benefits
This week, the Departments (of the Treasury, HHS, and Labor) released proposed regulations that would greatly expand an employer’s ability to offer a Health Reimbursement Account (HRA). An HRA is a self-insured group health plan funded solely by employer contributions...
Compliance ✔: 2019 Open Enrollment Compliance Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after January 1, 2019. Employers should review their plan documents to confirm that...
Our Agency Honored as Best Practices Agency for Third Year in a Row
We are very excited to announce that this year, our agency has once again been recognized as a Best Practices Agency! This honor was originally awarded to SSN in 2016 by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) as part of a...
Data Breach: Why Small to Mid-Sized Businesses Are More Vulnerable Than You Think
Over the last five years, the US has seen quite a few large scale data breaches addressed in the news. Many of these newsworthy breaches have targeted very large companies: Equifax (2017), Adult Friend Finder (2016), Anthem (2015), eBay (2014), JPMorgan Chase...