The Affordable Care Act’s medical loss ratio (MLR) rules require group health insurance issuers to provide rebates if their MLR—the amount of health insurance premiums…
Like many businesses, you may be feeling the financial crunch these days and be tempted to use money you deduct for taxes and retirement plan…
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for…
According to Optum’s Wellness in the Workplace study, more than 80% of employers plan to spend more on health care and wellness in the next…
Requirement Applies to Employers that Offer Prescription Drug Coverage Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals must provide…
Final Rule Takes Effect Jan. 1 On Sept. 24, 2019, the U.S. Department of Labor (DOL) announced a new final rule that updates the salary…
No Waiver or Transition Relief is Currently Available Recently, the Internal Revenue Service released an information letter regarding the Affordable Care Act’s employer shared responsibility…
A Multiple Employer Plan (MEP) is a qualified retirement plan for two or more employers who are not related. It can be particularly appealing to…
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Opinion Issued in Case with Doctor’s Certification Employees may take leave under the federal Family and Medical Leave Act (FMLA) to attend their child’s Individualized…
Here at SIMA we offer a comprehensive set of tools and support materials to ensure your employees remain engaged, educated, and, most of all, enrolled…
When you get ready to retire, there’s a good chance one of your biggest expenses will be health care. Luckily, there are tools you can…
