Blog Archives

Tax Year 2017 Deadlines

These reminders don’t do much for our popularity. But, the only thing worse than doing the work of complying with IRS mandates is stressing over penalties after the IRS has already knocked on your door (see IRS sample letter 226J). …

The New Summary of Benefits and Coverage (SBC)

As open enrollment season approaches, employers and their advisors are getting ready to use the new Summary of Benefits and Coverage (SBC) format required under federal rules. The basic rules have been in place for several years, but 2017 is …

Human Resources Q & A of the Day

Question: We’ve hired a new employee¬†and have agreed to reimburse their COBRA premium until they become eligible for our insurance. They provided us with proof (copies of checks and invoices) that they paid a 3rd party administrator for their COBRA …

SPD, Plan Document, Certificate of Insurance – Do You Have What You Need?

A summary plan description (SPD) is the primary vehicle for informing participants and beneficiaries about their plan and how it operates. It must: Be written for the average participant and be sufficiently comprehensive to apprise covered persons of their benefits, …

Top Questions on Form 5500 Preparation

Reprinted from ThinkHR At this time of year, many employers and benefit advisors begin preparing Form 5500, the annual report required for most employee benefit plans. Form 5500 must be filed with the federal government within seven months of the …

My Fix for Health Care – in less than 250 words!

I haven’t run the numbers on how to pay for this yet (emulating all of my current political heroes).¬† But, I have come up with a relatively simple “Universal Coverage” proposal that does not completely abandon our free-market system and …