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Infinity Benefit Solutions, Inc.
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Infinity Benefit Solutions, Inc.'s posts

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The Affordable Care Act requires all health plans and health insurance issuers to provide a summary of benefits and coverage (SBC) to applicants and participants, which is a concise explanation of essential health plan information. Meant to help participants understand their coverage options, the SBC applies to both non-grandfathered and grandfathered plans.

http://hubs.ly/H01sL160
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The Affordable Care Act has made individual health insurance much more accessible and affordable, but nonetheless, many employees in Wisconsin receive health insurance through a group health insurance plan from their employer. But with more Wisconsin employers making the switch for themselves and their employees to individual health insurance, some big questions about cost will arise.

http://hubs.ly/H01ml9W0

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Health-contingent wellness programs, such as programs that reward employees who do not use to decrease their use of tobacco, and programs that reward employees who achieve specified cholesterol levels or weight are seeing an increase in popularity in workplaces in Wisconsin.

The new regulations require health-contingent wellness programs to abide by certain rules to protect employees from unfair practices. Click through to learn more.

http://hubs.ly/H01l4S_0

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Many people know of the tax advantages that are associated with 401(k) plans and individual retirement accounts, but many aren’t aware of the three tax benefits of health savings accounts (HSAs).

HSAs allow account holders to pay for their current health care expenses while saving for future expenses and have three considerable advantages: they are tax deductible, allow tax-free withdrawals and earn tax-free interest.

http://hubs.ly/H01hVR-0

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Zenefits integrates a number of Human Resources tasks, including employee benefits and payroll into one system.

But before you decide to make the switch, consider this: buying group health insurance is complicated and costly, especially when you are trying to navigate compliance, coverage options, and administration alone. You need a trusted Milwaukee insurance advisor to guide you through designing, implementing and maintaining a compliant benefits strategy.

http://hubs.ly/H01h8HS0

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On October 7, President Obama signed the Protecting Affordable Coverage for Employees (PACE) Act, which will bring premium relief to mid-size employers with 50 -99 employees on their 2016 group health plan renewal rates.

Click through to find out what that means for Wisconsin organizations who employ 50-99 employees.

http://hubs.ly/H01gBxK0

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The Internal Revenue Code contains rules for both controlled groups and affiliated service groups to determine if two or more employers must be grouped together and treated as single employer under certain specific circumstances. Because of the necessity to comply with employee benefit laws, it is important to understand if your Wisconsin business is linked other businesses to form one of these two defined groups.

Our latest blog defines a Controlled Group to help you better navigate and understand the Code.

http://hubs.ly/H01g32f0

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Last month, the United States Department of Labor (DOL) won a five-year battle with the financial industry to move forward on regulations designed to protect 401(k) and Individual Retirement Account investors by requiring all advisors to act in the best interest of retirees.

These new rules have been touted to be the biggest change for financial advisors and brokers since the stock-trading commissions were deregulated in 1975. And so, we would like to take a closer look at these new rules and what they mean.

http://hubs.ly/H01drsW0

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Over the course of the past few weeks, we have explored the advantages and disadvantages of each medical benefits solution to help you provide the best group health benefits, meeting both the needs of your organization and those of your employees.

Today, we are exploring the advantages and disadvantages of HDHP insurance.

http://hubs.ly/H01cKFF0

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just because your Wisconsin business is offering employee health benefit solutions, it doesn’t mean you are ACA compliant. Many employers are required to file information returns and provide statements to full-time employees about the benefit solutions being offered.

To assist in ensuring your business is compliant, we will be exploring the 5 W’s of the ACA Employer Mandate over the course of the next few weeks, answering the questions before you have to ask.

Today we are exploring who needs to comply.

http://hubs.ly/H01c5rf0
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