Here’s a review of the changes that affect small employers and some large ones. Most of the provisions of the new Setting Every Community Up For Retirement Enhancement Act (SECURE) went into effect Jan. 1, 2020. Part of a federal government...

Does your health benefit plan have a pharmacy benefit manager (PBM)? If so, it’s important you understand how a PBM affects your and your employees’ access to prescription drugs, as well as controlling your out-of-pocket costs. PBMs...

As telecommuting continues to gain popularity with it comes a new set of compliance challenges for businesses. Telecommuting occurs when employees do some or all of their work away from the company’s main office. Computers, laptops and cell...

Background checks allow employers to get a clearer picture of an applicant’s job and personal history. So, what happens if you find out that the applicant has a criminal background or has been convicted of drug use? Denying an applicant a...

Health care reform continues to be a hot topic during the 2020 presidential election. Even though health care reform continues to be a hot topic during the 2020 presidential election, the power to transform health care this year may lie with the...

Effective January 1, 2020, your employees must withdraw at least the minimum amount from their employer-sponsored 401(k) and IRAs (Individual Retirement Accounts) by age 72. The required minimum distribution (RMD) age was formerly 70½. The RMD...

Employees know they should save for retirement, but it’s not always easy. Many worry they don’t have enough money to put into retirement savings because they’re having difficulties paying bills. You can help employees save and maximize...

Disability, not death, is much more likely to cause someone to lose their home. If you only offer life insurance as an employee benefit, consider adding disability insurance if you want to provide more complete financial protection for employees...

The National Business Group on Health estimates that the average cost of coverage for an employee and their family will be $15,375. This is obviously bad news for small employers, even though they are not required by the federal employer mandate to...

Most people know that a 401(k) plan is a valuable retirement tool. It’s less well-known that a health savings account (HSA) also is a valuable retirement tool. Not only is an HSA a great way to save for medical expenses while employed, but the...