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Repealing ACA Isn’t That Easy

Repealing ACA Isn’t That Easy

A great article came out yesterday from one of our favorite publications here at the Omega Benefit Group. The Employee Benefit Adviser has been great at getting information to our industry and this article is a wealth of knowledge.  Take a look: Now that Donald Trump has taken office, in the weeks and months ahead we can expect to learn more details about his proposed healthcare policies and how he plans to begin the process of repealing...

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Small Employers Can Use Stand Alone HRA’s

Small Employers Can Use Stand Alone HRA’s

President Obama on Dec. 13 signed into law the 21st Century Cures Act, which will let small businesses use health reimbursement arrangements (HRAs) to fund employees who purchase individual health plans on the open market. The bipartisan bill, which Congress passed Dec. 7, focuses primarily on speeding up drug approvals and making innovative treatments more accessible. But it also includes provisions that affect employer-provided health...

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IRS Announces Benefit Limitations for 17

IRS Announces Benefit Limitations for 17

Today, the Internal Revenue Service announced in Revenue Procedure 2016-55 the annual inflation adjustments for more than 40 tax provisions for 2017, including the tax rate schedules, and other tax changes. This Revenue Procedure provides details about these annual adjustments. There are several benefit limitations for 2017 included: * The annual dollar limit on employee contributions to employer-sponsored healthcare flexible spending...

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Battle Health Care Cost Increases With Alternate Funding

Battle Health Care Cost Increases With Alternate Funding

Battle Health Care Cost Increases With Alternate Funding This isn’t the 1st time you have seen this from the Omega Benefit Group team. We have been using the term “alternative funding” for several years now and the look of surprise on prospects faces still shocks us! Year after year, employers find themselves battling large increases on their health insurance plans with little to no warning.  Unfortunately, this creates an extremely...

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Millennials and Benefits

Millennials and Benefits

Millennials & Benefits Now that the millennials are a larger population than the baby boomers, they have positioned themselves to re-shape the workforce and economy in a way that most employers are not ready for. The discussion of millennials and their expectations in the workplace is a growing topic and should be a focus for employers if you wish to attract and retain this generation. Though many executives may have negative...

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