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Posted January 6, 2020 at 10:30 AM
The Affordable Care Act (ACA) employer reporting is a requirement under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide information to the IRS... Read More

Posted December 23, 2019 at 11:00 AM
OVERVIEW Last week, the U.S. House of Representatives passed a short-term continuing spending resolution to prevent a government shutdown and continue funding through September 2020. It swiftly... Read More

Posted November 15, 2019 at 10:30 AM
Administering employee benefits can be costly and complex. However, an efficient benefits administration system could save you money and effort. Benefits administration systems remove manual... Read More

Posted November 15, 2019 at 10:30 AM
New health insurance choices give Minnesota companies opportunities to manage risk, reduce costs, and control claims. “The market is opening up for creative solutions,” said Erik Hinz, a... Read More

Posted November 15, 2019 at 10:15 AM
Many employers typically use prescription drugs covered through their insurers. But new options for self-insurance let businesses hire pharmacy benefit managers independently from their insurance... Read More

Posted November 15, 2019 at 10:15 AM
To overcome the reluctance of employees to go through health benefit documents, employers have improved employee engagement through digital enrollment and accessibility tools. Engaged employees... Read More

Posted November 15, 2019 at 10:15 AM
Companies often turn to self-funded health insurance plans to reduce costs. But larger-than-expected claims the employer might face could negate any savings employers anticipate over the cost of... Read More

Posted November 13, 2019 at 8:30 AM
By: Paul Shaheen, RHU, REBC, Vice President, / Horton Benefit Solutions We hope you are staying warm with this early-arrived winter! A few weeks ago, I talked about COBRA basics, and how, per the law... Read More

Posted November 6, 2019 at 5:00 PM
Highlights of changes for 2020 Employee annual contributons will increate from $19,000 to $19,500 Employer plus employee contricnbutions will increase from $56,000 to $57,000 For Employees over the... Read More

Posted October 31, 2019 at 2:15 PM
Beginning in 2018, Illinois implemented its state-sponsored retirement program—the Illinois Secure Choice Retirement Savings Program (Secure Choice). This program offers a Roth Individual Retirement... Read More