Benefits Archives

Offering Health Insurance

Companies Offering Health Insurance Stipend Instead of Group Health Coverage are not Getting the Biggest Bang for their Buck. Articles like Obamacare Options? In Many Parts of the Country, Only One Insurer Will Remain written by the New York Times or Forbes’ article Health Insurance Premiums Have Continued To Rise Faster Than Worker Wages Under…
The IRS Releases 2017 Annual Benefit Limits

The Internal Revenue Service (IRS) released the 2017 annual contribution limits related to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and all Qualified Retirement Plans. Please see below for the small changes to current limits in place. The announcements from the IRS are as follows: Rev. Proc. 2016-55 Rev. Proc. 2016-28 Notice 2016-62 As…
Perks Are Great, But First – Are You Meeting Your Employee’s Basic Needs?

Employee Morale. We recently blogged about unique perks offered by companies in our post titled 10 Perks to Keep Your Employees Happy. Why the big emphasis on employee morale? Because recent studies indicate that happy employees are 12-20% more productive in the workplace than their neutral or unhappy counterparts. What the last blog did not…
10 Perks That Will Keep Your Employees Happy

Happy Workers. Every organization is in a continuous battle to find and retain the best talent. Aside from compensation and traditional benefits, there are other creative perks companies are offering to keep their employees happy. Some of these are surprisingly affordable, if not free, to implement. Consider one or more of the following practices. How…
Growing Businesses–What You Don’t Know About the Affordable Care Act Could Cost You!

Affordable Care Act. Is your company just about to pass or recently passed the 50 employee mark? That’s great news – your company is growing! Unfortunately, it also means increased regulation including potential eligibility to the Affordable Care Act (ACA). The IRS recently released the draft instructions for the Form 1094-C and Form 1095-C. Any employer…
Back Off My Retirement Plan, Illinois!

Retirement Plan. Did you know that Illinois-based businesses with more than 25 employees will be forced to enroll their employees in a state-run retirement plan, unless you offer one yourself? The Illinois Secure Choice Savings Program Act was signed into law in January 2015 and is expected to be enforced starting in 2017. While the…
How To Tell if You Need a Professional Employer Organization

Professional Employer Organization. As a business owner, you are responsible for an overwhelming number of tasks. Many of these tasks require knowledge and expertise in areas unfamiliar to you. Let’s be honest, this isn’t why you started your business in the first place. You started your business because of your passion and desire to build…
Obamacare: The Real Impact on the Business Community

Obamacare. The Affordable Care Act (ACA) popularly referred to as Obamacare, is a law governing how health insurance is issued in the US. Consisting of a whopping 20,000+ pages of regulations, this law has many business owners dazed and confused. Tandem HR, an HR outsourcing solution, has dedicated staff to keeping up with the employment…
ACA and the Confusion Surrounding Reporting

Affordable Care Act. As the tax filing deadline draws near, the confusion among many employees about the required tax forms by the Affordable Care Act (ACA) is evident. This is the first year Americans may receive Form 1095-C or Form 1095-B from their employers and insurance providers as evidence that the individual had Affordable Care…