Benico, Ltd. - Employee Benefits and Insurance

Employee Benefits Consultants

Our professional team provides consulting, administrative support, and
account management services that will help your organization succeed.

Call 847-669-4800 or 888-669-4883 (toll free)

 

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My firm has been a member of the Profit Sharing / 401(k) Council of America (PSCA) for many years.  PSCA does a lot of great things, but one of the very best things it does is its annual “401(k) Day”, an annual event geared toward helping employer plan sponsors provide some very valuable plan education tools for their plan participants.

In 2010, 401(k) Day is officially September 10, 2010, the Friday after Labor Day.  The 2010 401(k) Day theme is –"401(k) Day... Taking You There".

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HSA changes for 2011

In May of 2010 the IRS published Revenue Procedure 2010-22, which provides the 2011 cost-of-living contribution and coverage adjustments for HSAs (health savings accounts) as required under Code Section 223(g). The amounts for 2011 are unchanged from the amounts for 2010 because, after the application of the cost-of-living adjustment rules of § 223(g), the changes in the Consumer Price Index for the relevant period do not result in changes to the amounts for 2011.

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2010 HSA Enrollment Reaches 10 Million

AHIP (America's Health Insurance Plans) just completed a study around how many Americans are now covered by HSA-qualified plans, as of January 2010.

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CIGNA CDHP Results

CIGNA has released the latest of its reports on the experience of its Consumer Driven health plans. It has issued a press release saying, "As overall medical costs continue to increase by double digits annually, medical costs for individuals in account-based consumer-driven health plans (CDHPs) went down 26% over four years." And it adds that this happened, "while levels of care for their preventive medicine, chronic disease management and evidence-based treatments were higher than their counterparts in traditional PPO and HMO health plans."

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