Posts by Sarah Johnson
The New Year’s Tradition You’d Like to Get Rid Of: Getting Ready for That Annual Health Insurance Renewal
In September 2017, the Bureau of Labor Statistics released its latest findings regarding the cost of benefits to employers as a percentage of employee pay. At the top of the list? Health insurance.1 It’s ahead of: Paid leave Overtime and bonuses Retirement contributions, and Individual, legally required taxes. At the same time, SHRM expects health…
Read MoreStay Tuned for ACA updates and proposed changes
You may have noted talk of changes to the Affordable Care Act, widely known as Obamacare. This coming week Phyllis Merrill, MBA’s CEO and her team are traveling to Washington D.C. to be briefed on the current bill now in mark-up, and the likely changes. Stay tuned for details coming soon. We are committed to…
Read MoreELAP has a new dedicated Spanish line
In the economic atmosphere of rising premiums and decreasing benefits, at MBA Benefit Administrators, we are transforming the healthcare landscape nationally, in part due to our partnership with ELAP, a medical bill audit and repricing company which provides fiduciary protection to our clients. This week ELAP is happy to announce that a Spanish speaking que…
Read MoreACA Reporting Delay
We received this email alert from the SPBA on November 18, 2016: ACA Reporting Delay IRS just released Notice 2016-70, extending the due date for furnishing to individuals 1095-C, Employer-Provided Health Insurance Offer and Coverage, as well as 1095-B from January 31, 2017 to March 2, 2017. The Notice also extends good-faith transition relief from…
Read MoreIn Honor of our Veterans
MBA would like to express its gratitude to the veterans that work for MBA and all those who have given and risked so much serve and allow us to have the freedoms and rights that we enjoy as a nation today. Veterans currently with MBA include: Vice President, Vince Klingler, who served in the Utah…
Read MoreOctober Conference Report
October 17-19th – Representatives from MBA Benefit Administrators attended a national conference in Minneapolis presented by the Society of Professional Benefit Administrators (SPBA). The aim of the conference is to inform members of recent industry trends and to encourage a forum where other Third Party Administrators and other industry related companies may address current concerns…
Read MoreACA Reporting Requirements
Staying in the know is a crucial component to running a successful business. Last week the U.S. Treasury and the IRS announced an ACA reporting requirements extension for distributing information to employees. While the IRS is prepared to receive documentation of health coverage by employers, because of feedback from businesses, the required deadlines to report…
Read MoreMBA Benefit Administrators shines new light on solutions to the runaway healthcare costs crisis.
Sometimes history provides the best perspective and subsequently solutions to life’s most challenging problems, for example runaway healthcare costs. Read on to learn a history lesson on the beginning of PPO networks and how the disconnect between medical services and the cost of service were born. The future is best planned for by looking in…
Read MoreDon’t Be Caught Unaware, the Cadillac Tax Is Waiting To Time In
It’s all about taxes. According to the Affordable Care Act of 2010, requiring the purchase of a product is illegal, but mandating a tax for not purchasing that product is legal. At this point, as a business owner, insurance broker, or HR professional, you have weathered the first season of regulations that have come, but…
Read MoreFrequently Asked Questions About the Cadillac Tax
What is the purpose of the Cadillac tax? First, the tax acts as a source of revenue to fund the costs of the ACA; second, to encourage the reduction of costs in providing health care; and third, to eliminate the tax benefits for employers who compensate their staff through benefits, rather than directly with taxable…
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