COVID-19 Update: CARES Act and Other Resources

Posted by Matt Schwartz on Wed, Apr 1, 2020 @ 13:04 PM

Last week, we shared information in our blog post about the impact of COVID-19 on business and benefits, namely updates to carrier guidelines and benefits, and the initial response of both federal and local governments.  Plus, we included a wide range of resources and support that had come to fruition. Those links remain accessible.

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Topics: Worksite Wellness, Employee Benefits, Business Strategy

Webinar: What Employers Need to Know About Retiree Coverage

Posted by Matt Schwartz on Wed, Apr 1, 2020 @ 10:04 AM

Tuesday, April 14, 2020
2:00 p.m. ET / 11:00 a.m. PT

This webinar will help plan sponsors understand the compliance issues surrounding retiree health plan coverage.

This webinar will:

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Topics: Compliance Issues, Employee Benefits, Learning Events

Planning a Multi-generational Benefits Strategy

Posted by Matt Schwartz on Thu, Mar 26, 2020 @ 11:03 AM

 

Today’s workforce can consist of employees from three to five generations, with each group having different needs. That’s why it’s important to build a multi-generational benefits strategy.

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Topics: Employee Benefits, Employee Engagement

3 Reasons for Offering Employees a 401(k) Option

Posted by Matt Schwartz on Wed, Mar 25, 2020 @ 10:03 AM

An article on business.org points out that many businesses choose to offer a retirement plan, and not just for their employees’ advantage. With a 401(k), an employee is allowed to deposit a percentage of their income into an account, and quite often an employer will also contribute to a worker’s 401(k). There are obvious benefits for employees, but this retirement plan could provide advantages for your company as well.

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Topics: Employee Benefits, Employee Engagement, Business Strategy

COVID-19 Impact on Business and Benefits

Posted by Matt Schwartz on Tue, Mar 24, 2020 @ 09:03 AM

The outbreak of COVID-19 raises issues of personal and business safety, including its impact on benefits.  To address the most common, pressing issues, we have compiled actionable information to help you make business decisions, along with other helpful resources. 

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Topics: Employee Benefits, Business Strategy

Meet Core Value Winner: Jenna Corwin - March 2020

Posted by Matt Schwartz on Thu, Mar 12, 2020 @ 11:03 AM

Every month, Schwartz Insurance Group selects a peer-nominated associate to receive a Core Value Award. The winner is chosen because they "lived" one of our agency's core values - typically an event or accomplishment above and beyond the call of duty in serving our customers. This month, Jenna Corwin has "lived" our core value of "Consider it Done." 

Here's her story:

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Topics: Employee Benefits, Core Value Winner

Compliance Recap - February 2020

Posted by Matt Schwartz on Tue, Mar 10, 2020 @ 09:03 AM

February was a busy month in the employee benefits world.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Webinar: What Employers Need to Know About HIPAA and HITECH

Posted by Matt Schwartz on Mon, Mar 2, 2020 @ 09:03 AM

Tuesday, March 10, 2020
2:00 p.m. ET / 11:00 a.m. PT

The Health Insurance Portability and Accountability Act (HIPAA), its administrative simplification regulations, and the Health Information Technology for Economic and Clinical Health Act (HITECH) provide administrative, privacy, and security standards for health plans and their business associates.

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Topics: Compliance Issues, Employee Benefits, Learning Events

Highlights of the Summary of Benefits & Coverage Requirement

Posted by Matt Schwartz on Thu, Feb 27, 2020 @ 11:02 AM


Plan administrators of group health plans must provide a Summary of Benefits and Coverage (SBC) to eligible individuals. Insurer is responsible for creating the SBC for fully insured plans, and the insurer and plan administrator are both responsible for distributing to participants in insured plans. 

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Proposed 2021 Benefit Payment and Parameters Rule

Posted by Matt Schwartz on Wed, Feb 19, 2020 @ 10:02 AM

The Centers for Medicare & Medicaid Services (CMS) released a proposed rule for benefit payment and parameters for 2021. CMS also released its draft 2021 actuarial value calculator and draft 2021 actuarial value calculator methodology.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits