Category Archives: Uncategorized

Permissible Mid-Year Changes Guide

We are often asked what the permissible mid-year changes are under Internal Revenue Code Section 125 given that virtually 100% of our clients provide the means for their employees to pay their medical, dental, and vision plan premium contributions through payroll on a pre-tax basis through a “Premium Only” Section 125 plan. These same questions […]

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BenefitsCFO Actuarial Services

Delivering Insight for HR / Benefits and the CFO – Actuarial services powered by Milliman’s BenefitsCFO™ The HR / benefits department needs more competitive benefit plans to attract and retain key employees, whereas the CFO needs to balance a budget that is showing annual healthcare trends in the 8%-10% range when the budget only has […]

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Benico, Ltd. Joins Others to Form Alera Group

Benico, Ltd. has joined 23 other entrepreneurial insurance and financial services companies across the United States to form Alera Group, an employee benefits, property/casualty, risk management and wealth management firm with approximately $158 million in revenue. The new firm has more than 750 employees serving more than 20,000 clients in 40 U.S. based offices across […]

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IRS Provides a 30-Day Extension for Furnishing Forms 1095 and Extends Good Faith Transition Relief

The Internal Revenue Service (IRS) has released Notice 2016-7000, which extends the deadline for furnishing Forms 1095-B and 1095-C to individuals from January 31, 2017 to March 2, 2017.  The Notice did not delay the due date for filing the forms with the IRS, which remains February 28 if filing by paper, or March 31 if […]

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HHS Finalizes 2017 Notice of Benefit and Payment Parameters

HHS published the final version of its 2017 Notice of Benefit and Payment Parameters, which is issued each year as part of the Affordable Care Act (ACA).

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