A Projected Look Into Voluntary Benefits Plans Currently, in the workforce there are five generations providing labor and support. A decade ago there were only three or four generations in the office. The increase in age ranges directly translates to an increase in the variety of needs to be met by voluntary benefits offerings. The modern term for voluntary benefits …
How Voluntary Benefits Help You and Your Employees Inherently voluntary benefits are about offering flexibility that appeals to a wide variety of employees. The overall group of benefits offered is often referred to as a “cafeteria plan.” Employees can have a look around at the scope of what’s being offered and pick what they’d like while leaving the rest. More …
Telemedicine Benefits Make Coverage Worth it To Employers Incorporating telemedicine into your employer benefits package is a big win for you and your employees. Telemedicine benefits increase employee satisfaction and reduce health costs at the same time. There are millions of patients that use telemedicine – the use of telecommunication and information technology to provide health care from a distance. …
An Update on New Jersey’s Pre-Tax Commuter Benefits On the 1st of March, 2019 New Jersey rolled-out the qualified transportation fringe benefit that requires employers of 20 or more people to offer commuter and transit benefits on a pre-tax basis. Final rules and regulations are expected to be released in the coming months. Earliest enforcement is anticipated for March 1st, …
NJ Proposes Stop-Loss Protection Ban for Many NJ Employers Dear EMPLOYER, The New Jersey Assembly Financial Institutions and Insurance Committee is currently debating a bill that would actually ban Stop-Loss protection for many New Jersey employers – potentially putting YOUR COMPANY’S health plan at risk of termination! This proposed law explicitly prohibits smaller employers from taking advantage of the same self-insurance strategies our state’s larger employers …
Understand the Impact of Grandmothered Plans Ending There has been much buzz recently about “grandmothered” and “grandfathered” plans in New Jersey. Yet another extension was issued in April 2018, allowing — again, at each state’s discretion — grandmothered plans to renew until as late as October 1, 2019, as long as they terminate by the end of 2019. New Jersey, …
New Medicare Numbers and Cards to be Delivered Starting April 2018 From April of 2018 through April of 2019, the Centers for Medicare and Medicaid Services (CMS) will be mailing new Medicare cards to all people currently enrolled in Medicare. (Click here for the mailing schedule.) Why? Medicare is removing the Social Security numbers from the cards and replacing it …
