Designing a Benefit Plan to Meet Your Needs Benefit offerings have become increasingly important to help attract and retain employees in a time when people are flocking to new opportunities in unprecedented numbers. With the growing significance…
EBC Insights
Managing Your Own COBRA Program Might Be Fine – A Very Steep Fine
Self-administration might just mean a host of legal headaches and financial penalties. Learning the Hard Way There’s a very good reason why so many employers rely on third-party administrators…
Employee Benefit Trends That Are Shaping 2022
The COVID-19 pandemic shifted just about every aspect of our lives – including how we work, where we work, and what we want from our employers. According to the Bureau of Labor Statistics, over…
Retiree Health Benefits and COBRA
Employers often incorrectly assume that they don’t need to offer COBRA if they offer retiree health benefits or they misunderstand when and to whom COBRA must be offered. Unfortunately, these types of common COBRA errors can lead to significant risk…
Wrap Plans: What you Need to Know
What’s a Wrap Plan? Wrap plans are documents that bundle health and welfare benefits into a single plan document and summary plan description (SPD). These documents help fill in the gaps of required information by wrapping around the insurance certificates…
Understanding Your SPD
Everything you need to know about SPDs What’s an SPD and why is it important? Summary Plan Descriptions (SPDs) are documents that include all of the important information that employers and plan participants need to know about their benefit plan.
Wrapping up 2021 and Preparing for 2022
Since the start of the COVID-19 pandemic, we’ve seen many legislative and regulatory changes that have altered employee benefits. These regulatory changes were put in place to offer additional relief and extensions during a difficult time. Although much…
From FSA to HSA: HSA Eligibility
How to Avoid Disqualifying Coverage When offering a health savings account (HSA), there are a few eligibility requirements that employers need to keep in mind for participants looking to transition from their standard health flexible spending account (FSA) to an HSA....
2022 FSA and Commuter Limits
The IRS has officially announced, under Revenue Procedure 2020-45, the 2022 Flexible Spending Account (FSA) and Commuter limits. FSA Limits The Health Care (standard or limited) FSA annual maximum plan contribution limit will increase…
HSA Awareness Month is Here!
October is HSA Awareness Month and we’re here to spread the word about health savings accounts (HSAs) and how they help people save for today and tomorrow! When people think about HSAs, they often think of them as a short-term benefit where…