Posts Categorized: Benefits Update

Employer Shared Responsibility Payment

If you are not already doing so, you may want to consider having employees complete waivers if they choose not to take medical coverage and keeping a copy of the waiver on file.

Small Group Renewal Rates and the New FSLA Overtime Rule

Renewal season is on the way, and I want to remind you that small group rates are only available 60 days in advance of the renewal. For CU Insurance Solutions employee benefits clients, I will be sending out your renewals as I receive them along with last year’s census for an update.

ACA Update – Opt-Out Payments

As you know, under the ACA employees who have access to ‘affordable’ health insurance from their employer are not eligible for subsidies, and large employers (50+ FTEs) must offer affordable coverage.  This year (2016), affordable means that the employee’s portion of individual health insurance premiums is less than 9.66% of their household income; in 2017… Read more »

Employee Benefits: Broker vs. Carrier Consolidation

As with every small employer group, credit unions are not exempt from the challenges of providing affordable health insurance options for their employees and families. Additionally, the ongoing changes under the Affordable Care Act have made it vastly harder for HR managers to clearly state what their healthcare plans provide in a way that’s easy for employees to understand.

ACA Update – Let’s Talk Compliance

For the first time in over four years, trying to keep up with the Affordable Care Act’s mandates isn’t consuming all of our benefits energy. There are still many mandates to fill and new pieces to incorporate, but at this point here at CU Insurance Solutions we have a clearer idea of what’s coming down the pike and it’s more of a stream than an avalanche of new information.

ACA Update – 1095 Tax Forms

Please be aware that you and your employees who had health insurance in 2015 will be receiving 1095 form if you have not already.