The Big-Picture View of Risk | MI Benefits Agency

Many human resources and business leaders think about compliance in black-and-white terms. We simply check the boxes and evaluate compliance efforts using one measure: “Are we doing it right or not?”It’s easy to fall into the trap of failing to see the broader implications of our compliance efforts. We need to go beyond, “What’s the … Continued

Here’s to a Healthy Heart! | Michigan Employee Benefits

Heartbreaks are painful, but did you know that heart disease is the leading cause of death in the United States, with more than 630,000 people dying from the condition each year. This equates to one in four deaths attributed to this awful disease. The most common form of heart disease is coronary artery disease (CAD), … Continued

IRS Releases 2019 Inflation-Adjusted Limits | MI Employee Benefits Agents

The Internal Revenue Service (IRS) released its inflation-adjusted limits for various benefits. For example, the maximum contribution limit to health flexible spending arrangements (FSAs) will be $2,700 in 2019. Also, the maximum reimbursement limit in 2019 for Qualified Small Employer Health Reimbursement Arrangements will be $5,150 for single coverage and $10,450 for family coverage.Read more … Continued

From Resolutions to Reality | MI Benefit Consultants

Ever wonder why the resolutions you make in January don’t stick around after March? You aren’t alone! Studies show that only 8% of people keep their New Year’s resolutions. Only 8%! Why? And how do people achieve their goals set at New Year’s? We’ve broken it down for you so you can identify your goal-breaker … Continued

Advance Informational Copies of 2018 Form 5500 Annual Return/Report | Michigan Benefit Consultants

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2018 Form 5500 annual return/report and related instructions.Here are some of the changes that the instructions highlight:Principal Business Activity Codes.Principal Business Activity Codes have been updated to … Continued

Proposed 2020 Benefit Payment and Parameters Rule | Michigan Benefits Agents

The Centers for Medicare & Medicaid Services (CMS) released a proposed rule for benefit payment and parameters for 2020. CMS also released its draft 2020 actuarial value calculator and draft 2020 actuarial value calculator methodology.According to CMS, the proposed rule is intended to reduce fiscal and regulatory burdens associated with the Patient Protection and Affordable … Continued

Ask the Experts: Using a Health FSA on COBRA | Michigan Employee Benefits

Question: A terminated employee took COBRA for the health FSA. Can he stop making after-tax COBRA contributions after three months, then just keep paying the 2 percent admin fee and continue accessing the account? Or does he have to make full contributions in order to use it, even on COBRA?Answer: Health flexible spending account (HFSA) … Continued

Attitude of Gratitude | Michigan Employee Benefits Agency

Having a grateful heart impacts more than just you! When you express your gratitude to others, it becomes a ripple effect and extends further than you can imagine. Watch this video to learn how to say “thank you” to others!

5 Ways to Say Thank You | MI Benefits Agency

As we begin our new year of 2019, we have also closed 2018 with lots of celebrations, gift-giving, and family time. Showing appreciation for others during this generous season comes second nature for some but for others, it doesn’t.  You may be looking for ideas on how to express your gratitude effectively to those around … Continued