Blog Archives

• Nothing Is Certain, But Death and LESS Taxes… | Florida Employee Benefits

  Posted on January 17th, 2018

  On January 11, 2018, the Internal Revenue Service released its income tax withholding tables for 2018 reflecting changes made by the December 2017 tax reform legislation. The updated withholding information provides the new rates for employers to use during 2018. Employers are encouraged to use these tables as soon as possible… 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 »

• The Perks of Holiday Parties: How They’re Still an Asset to Your Company | Florida Benefit Advisors

  Posted on December 6th, 2017

  The end of the year is upon us and a majority of companies celebrate with an end-of-year/holiday party.  Although the trend of holiday parties has diminished in recent years, it’s still a good idea to commemorate the year with an office perk like a fun, festive party. BENEFITS OF A… 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 »

• 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 »

• IRS Releases Drafts of 2017 Forms 1094 and 1095 | Florida Benefit Advisors

  Posted on September 26th, 2017

  The IRS has released drafts of the forms and instructions that employers will use for 2017 reporting under the Affordable Care Act (ACA). It is expected that when the IRS releases final versions, the material will be virtually identical to the drafts. Applicable large employers (ALEs) will use the following:… Read more »

• TeleMedicine – The NextGen Benefit of Minor Healthcare

  Posted on August 29th, 2017

  It’s not surprising that 2017 stands to be the year many will have an experience to share using a Telemedicine or a Virtual Doctor service. With current market trends, government regulations, and changing economic demands, it’s fast becoming a more popular alternative to traditional healthcare visits.  And, as healthcare costs… Read more »

• Temporary Safe Harbor for Online Posting of SBCs | Florida Employee Benefits

  Posted on October 15th, 2015

  By Danielle Capilla, Chief Compliance Officer at United Benefit Advisors A Summary of Benefits and Coverage (SBC) is a four-page (double-sided) communication required by the federal government under the Patient Protection and Affordable Care Act (ACA). It must contain specific information, in a specific order and with a minimum size… Read more »

• IRS Releases Draft 2015 Instructions for 6055/6056 Reporting | Florida Employee Benefits

  Posted on September 14th, 2015

  By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to… Read more »