2021 ACA Reporting Update
These changes specifically impact the Form 1095-B & Form 1095-C distribution deadline and good faith transition relief. Be sure to listen in to the important information shared in this podcast.
Many American households have at least one pet. In any given year, one in three of these beloved family members will need costly veterinary care, even if it is for routine exam visits and vaccinations. Should a pet become severely ill and need emergency care, costs can sometimes be more than pet owners can bear. However, if they have pet insurance, owners will never have to make a decision about their pets wellbeing based on cost.
Though pet insurance is a nontraditional benefit and is generally paid for by the employee, it is becoming increasingly popular in the workplace to help employees care for their pets without going bankrupt. This benefit is particularly valuable, as pet care is increasingly expensive. In fact, offering insurance for man’s best friend is a great marketing and PR initiative for companies that want to add to their image of being a great place to work.
Pets typically visit the vet for the following reasons:
These services are the same or similar to the reasons why you or your employees would visit the doctor, and often carry a steep price tag. Specifically, here are the typical costs for the following common pet injuries and illnesses:
Coverage Details
Compare Your Options
If your organization is considering this benefit for your employees, consider asking the pet insurance companies the following questions before making your selection:
If you are considering offering this benefit to your employees, visit www.petinsurance.com.
These changes specifically impact the Form 1095-B & Form 1095-C distribution deadline and good faith transition relief. Be sure to listen in to the important information shared in this podcast.
Join us and listen to this podcast for reminders on what needs to be done before the end of 2021, and how to start preparing for specific tasks in 2022.
Tuning-in, you'll hear from two speakers on trending topics and more.
Bob Radecki is president, senior regulatory and public policy analyst at Benefit Comply, LLC, an employee benefits compliance consulting firm. Bob will discuss the end of the 100% COBRA subsidy authorized under the American Rescue Plan Act, health cost transparency rules and surprise billing regulations, vaccine incentives and mandates, and more opportunities for consideration of Individual Coverage HRAs (ICHRAs).
Joel Wood is the senior vice president for government affairs of The Council of Insurance Agents & Brokers and also oversees CouncilPAC, the association’s political action committee. Joel will share his unique perspective on the Supreme Court’s ACA decision and thoughts on the Biden Administration’s health insurance goals, public options at the State Level, 2022 Elections and possible outcomes’ impact on legislation, as well as comment on cost transparency related to health cost transparency rules and recent surprise billing regs.
Productivity Consultants & Career Support Services (PCCSS) was founded in 1999 as an image-consulting firm that focused on career and personal branding. Since then, the organization has evolved into a boutique human capital and career development firm designed to facilitate change management for individual and organizational clients.
Based on the belief that human learning, training, and performance improvement initiatives should lead to quantifiable outcomes, the organization focuses on analyzing the performance challenges for individuals and within private and non-profit organizations as they relate to productivity and success.
Learn more: https://productivityconsultants.org/index.php
Listen in to this episode as we discuss what can and cannot be part of an employer’s vaccine policy, where restrictions or limitations may exist and, surprisingly, where they do not, and other considerations to take into account.
Over the course of their lifetime, 40% of people will be diagnosed with cancer, and the remaining 60% will support at least 4 loved ones through cancer. OneVillage is one place to find the resources, products, community, and support you need when cancer enters your life.
Learn more: https://onevillage.io/
As a result, Congress enhanced the FFCRA leave under ARPA to include paid leave related to the vaccine, among other enhancements, and extended the payroll tax credits even further. Listen to this conversation to learn how else the FFCRA was updated and what you need to know.
The subsidy will cover the full cost of COBRA or state continuation premiums from April 1st, through Sept. 30, 2021 if the employee lost or loses group health insurance due to a reduction in work hours or an involuntary job loss. Be sure to listen to this episode to better understand who is eligible and the various employer obligations associated.
Let’s face it – navigating the HR technology market is complex. Advisors need help educating and guiding employers. With BTR’s Core Service offering, they aim to increase your agency’s tech “fluency” and provide the technology foundation you need to empower and educate your client base.
ENGAGEMENT
KNOWLEDGE
STRATEGY
This gives companies an enticing benefit that uniquely serves every employee in the organization. And it all works within the system you have in place today.
It’s savvy to reduce PTO balance sheet liabilities while enhancing talent recruiting and retention. In simple terms, it pays off for both HR and Finance. Both will appreciate the returns for enhancing PTO benefits and reducing corporate liability.
To learn more, please contact Lipscomb & Pitts Insurance's Director of Client Engagement, Betsy Kamler at betsyk@lpinsurance.com or 901-321-1000.
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