Allevity Blog

Category: Benefits

As anyone in HR will tell you, things have been a bit hectic since the Affordable Care Act (ACA) rollout, with new guidelines and changes going through every day. Among those changes are the final rules for ACA tax reporting which were issued on March 5, 2014. These are rules that many companies still don’t fully understand, even though any company that provides insurance to their employees or employs more than 50 full-time staff members is now going to be held accountable. Don’t worry, you…   read more...
What’s that sound? No, seriously – be quiet for a second. What is that? Oh. There it is. The soft whisper of premium leakage draining your corporation’s budget; money falling out of your pockets in a totally preventable way. Depressing, right? Premium leakage essentially refers to the money lost by overpaying insurance premiums for employees who are: a)No longer employed b)Not having the proper premiums deducted out of their own payroll c)Enrolled prior to their eligibility date Most…   read more...
Despite all the back and forth over the last few years, it would appear the Affordable Care Act (ACA) is here to stay, with some of the biggest changes taking place this year. That means you have probably already experienced an influx of employees with questions, concerns and a whole lot of incorrect information showing up at your door. It’s not necessarily their fault. Getting a handle on the changes that will be taking place can be confusing, and there are all kinds of conflicting reports…   read more...
Having a hard time making sense of what the Affordable Care Act (ACA) means this year? You’re not alone. The ever-changing world of Health Care Reform has many people scratching their heads in confusion. The article, “8 Things to Know About Obamacare in 2014” from Kaiser Health News, helps shed some light. 8 Things to Know About Obamacare in 2014   read more...
If you just said, “What the heck is Premium Leakage?” Read on… It relates to the insurance benefits you provide to your employees. Basically, it’s any payment to a carrier that is more than the payment should be. How much have you overpaid for your medical premiums? As an employer, you should reconcile your benefit statement each month to make sure that you're not paying for coverage that employees no longer have and that your employees' deductions are enough to pay for the coverage they…   read more...
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