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Monthly Archives: November 2012

Actual Cost of a Section 125 Premium Only Plan

Many business owners hear the word employee benefits and only see money walking out the door. This is a very common viewpoint, but this doesn’t have to be the case for Section 125 Premium Only Plans. [read more...]

November 19th, 2012 • 0 Comments

What Programs does your State have?

With so much focus on federal reform there hasn’t been much spotlight on state coverage initiatives concerning Section 125 plans.  Over the past 5-6 years there has been substantial focus at a state level to increase participation and find tax incentives for employers and employees to increase coverage. [read more...]

November 13th, 2012 • 0 Comments

Minnesota Gives a Carrot for the Uninsured…….

If you are an employee and looking to enroll in health insurance for the first time in over a year, the state of Minnesota is willing to help.  Minnesota regulators are serious about decreasing the uninsured population in their stat and willing to put their money where their mouth is. [read more...]

November 6th, 2012 • 0 Comments

What you NEED to know about W-2 Reporting

We have received a food of calls and e-mails concerning the new W-2 reporting requirements for employers concerning reporting cost of health insurance.  Although this new requirement DOES NOT effect the tax deductibility of benefits or your Section 125 POP Plan there are guidelines you should be aware of. The term W-2 actually translates to "employee receipt" so for employers paying a large portion of their employee health coverage this actually allows employers to take credit for the large investment they make toward their employees. [read more...]

November 1st, 2012 • 0 Comments