Category: UBA

  • DOL Fiduciary Rule Overturned | FL Benefit Advisors

    Posted on March 22nd, 2018

    In its March 15, 2018, decision, the U.S. Court of Appeals for the Fifth Circuit overturned the U.S. Department of Labor’s (DOL) Fiduciary Rule that expanded the definition of an investment advice fiduciary under the federal Employee Retirement Income Security Act (ERISA). Under the Fiduciary Rule, investment brokers were going… Read more »

  • All About Health Savings Accounts | Florida Employee Benefits

    Posted on March 15th, 2018

    Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage… Read more »

  • Benefits of an Annual Exam | FL Benefit Advisors

    Posted on February 22nd, 2018

    Have you ever heard the proverb “Knowledge is power?” It means that knowledge is more powerful than just physical strength and with knowledge people can produce powerful results. This applies to your annual medical physical as well! The #1 goal of your annual exam is to GAIN KNOWLEDGE. Annual exams… Read more »

  • 2017 UBA Healthplan Survey | Florida Benefit Advisors

    Posted on December 27th, 2017

    It was recently unveiled the latest findings from our 2017 Health Plan Survey. With data on 20,099 health plans sponsored by 11,221 employers, the UBA survey is nearly three times larger than the next two of the nation’s largest health plan benchmarking surveys combined. Here are the top trends at… Read more »

  • IRS Updates Guidance on Play-or-Pay Penalty Assessments | Florida Benefit Advisors

    Posted on December 13th, 2017

    Beginning in 2015, to comply with the Patient Protection and Affordable Care Act (ACA), “large” employers must offer their full-time employees health coverage, or pay one of two employer shared responsibility / play-or-pay penalties. The Internal Revenue Service (IRS) determines the penalty each calendar year after employees have filed their… Read more »

  • Top 3 Frequently Asked Questions about Qualified Small Employer Health Reimbursement Arrangements | Florida Benefit Advisors

    Posted on November 28th, 2017

    On December 13, 2016, President Obama signed the 21st Century Cures Act (Cures Act) into law. The Cures Act provides a method for certain small employers to reimburse individual health coverage premiums up to a dollar limit through HRAs called “Qualified Small Employer Health Reimbursement Arrangements” (QSE HRAs). The provision went into effect on… Read more »

  • Expansion of Association Health Plans | Florida Benefit Advisors

    Posted on November 13th, 2017

    Recently, the Trump Administration issued an Executive Order that, among other things, ordered the Department of Labor (DOL) to explore expansion of association health plans (AHPs) by broadening the scope of ERISA to allow employers within the same line of business across the country to join together in a group… Read more »

  • Benefit Plan Design: Charging Employees Different Premiums | Florida Benefit Advisors

    Posted on November 2nd, 2017

    Employers who are designing a health and welfare benefit plan for their employees often wonder about the rules relating to setting premiums for employees. Employers generally have significant flexibility in this part of their plan’s design. Common structures contemplated by employers include, but are not limited to: Charging all employees… Read more »

  • President Trump Ends ACA Cost Sharing Reductions | Florida Benefit Advisors

    Posted on October 19th, 2017

    On the evening of October 12, 2017, President Trump announced that cost sharing reductions for low income Americans in relation to the Patient Protection and Affordable Care Act (ACA) would be stopped. The Department of Health and Human Services (HHS) has confirmed that payments will be stopped immediately. While there… Read more »

  • Are you addressing your employee’s financial health? | Florida Benefit Advisors

    Posted on October 12th, 2017

    The importance of health and wellness in the workplace is more apparent than ever. It’s obvious why healthy individuals make better employees and the positive impact this has on your bottom line. When thinking about building a program to improve the well-being of your employees, don’t forget about the importance… Read more »

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