Home Add to Favorite Contact Submit  
           08 August, 2020

Category:  Press » Business


Texas Benefits Consultant Releases Employee Benefits Compliance Checklist

         Views: 156
2020-03-25 08:23:36     
Marc Pieroni

Dallas, Texas ( press.abc-directory.com ) March 20, 2020 - A Texas benefit consultant at Benefit Corp recently created an employee benefits compliance checklist for 2020. As these regulations change frequently, it's important to stay up to date on the latest changes in order to remain compliant and avoid paying penalties.

Large companies will need to take note of several changes. They must offer minimum essential coverage that is affordable and meets minimum value requirements for their full time employees. Coverage must be offered to at least 95% of employees and their dependents. New regulations on how to determine whether your company must follow this rule have been released to assist you. Various new government regulations, including the withdrawal of a prescription drug rebate plan, may also affect the amount your company will need to pay to ensure adequate coverage. Failing to comply with regulations requiring minimum essential coverage carries steep penalties. Monthly fines for 2020 have not yet been announced, though they typically increase based on the number of employees at your company. It is therefore particularly important for larger companies to keep their employee benefits up to date each year.

All employers must report the cost of employer-provided health benefits to employees, including medical, dental, and vision coverage, and larger companies must give an additional annual report to the IRS. Carefully review your health plan coverage, the cost to employees, the type of services covered, and other important healthcare information to ensure compliance with the latest regulations. Not only will this help you avoid paying heavy fines, it will also create a healthier workforce and more satisfied employees in the workplace. This allows you to attract and retain high performing employees while effectively managing your funds and providing your company with the resources it needs to continue growing.

Specialized in: Texas Benefit Consultant - Employee Benefits Compliance Checklist
URL: https://benefitcorp.com
Print press release      Bookmark this page
Related Press releases 
New York AC Company Publishes Guide On How To Find A Refrigerant Leak (Popularity: ): Manhattan, New York ( press.abc-directory.com ) July 21, 2020 - Cool Works Co., Inc, a New York AC company, recently released a new informational article that discusses the process on how to find a refrigerant leak. The blog was designed to help educate commercial building managers on how they can identify any leaks as well as how to safeguard against them in the future. The company designed the article to ...
Chantilly Fire Damage Restoration Company Discusses Roof Tarping (Popularity: ): Chantilly, Virginia ( press.abc-directory.com ) July 21, 2020 - A Chantilly fire damage restoration company, Monumental Contractors, recently released a new educational resource on their website regarding roof tarping and why it is important for storm damage restoration procedures. The contractors hope this new article will be used by homeowners and contractors as an informational tool that helps them understand what roof tarping is and how it is used during ...
Columbia Water Damage Company Educates On Emergency Water Extraction (Popularity: ): West Columbia, South Carolina ( press.abc-directory.com ) June 4, 2020 - Columbia water damage restoration company Kingsley LLC has recently released a new blog on how to tell when you need emergency water extraction. The expert technicians guide the information in the article to help homeowners who have experienced water damage understand the importance of getting it handled quickly and by professionals. They hope the article will help people better ...
Tarjs is Pleased to Announce the Launch of New Website (Popularity: ): Muscat, Oman (press.abc-directory.com) April 30, 2020 - Tarjs is pleased to announce the launch of our brand new website! After several months of hard work and dedication, Tarjs has officially launched the website. The company’s aim was to create a new website that is faster, easier to navigate, and more user-friendly.With this new website, visitors can learn about Tarjs services and solutions. The new website is interactive and gives better ...
Modelworks Large Aircraft Models & Ship Model Factory Expands into Japanese Markets (Popularity: ): Modelworks Direct is a company that specialized in producing a wide range of custom scale models with more than years of experience in scale model making.San Dimas, CA – March 21, 2020 - Herman Bongco, a Senior Partner of Modelworks Direct, today announced that the company is now expands its business to Japan Market. Their business is now focusing in LARGE Custom Aircraft Models for tradeshow. The company is offering ...

Press release home snapshot 

Related Business 
New York Employee Benefits Conference (NYEBC) (Popularity: ): Organization for human resource professionals dealing with pension and welfare benefit plans, and other employee benefits
Woodward Benefits, Inc. (Popularity: ): An employee benefits insurance agency providing employee benefit programs to mid-size public and private organizations in Michigan, USA.
Benefits Plus Services (Popularity: ): Provides health insurance and employee benefits to small companies in Texas. Products include group health, life, vision, dental, disability, 401k, and Section 125 plans.
New England Benefits (Popularity: ): We are a leading broker of Health Insurance and Employee Benefits. Our FREE service provides benefits solutions to organizations of any size through the leading insurers and financial institutions.
Employee Benefit Statements (Popularity: ): COMPackage is a full-featured, easy-to-use compensation management software solution that allows businesses to provide employee benefits statements. COMPackage has identified over 60 employee benefits and perks that can cost companies thousands of dollars or more each year.
New England Employee Benefits Company (Popularity: ): New England Employee Benefits Company, Inc. is a group insurance services and voluntary employee benefits company.
ABC Benefits Group (Popularity: ): Provides a full range of employee benefits including health, dental, life and disability insurance. They also provide "out of country" coverage, employee assistance programs and 401k pension plans.
Hanson Benefits (Popularity: ): Provides employee benefits management and administration services.
Zynamic Group (Popularity: ): Provides programs for areas of HR management, employee relations, federal compliance and benefits administration.
VISICOR - Top Employee Benefits Brokerage Firm (Popularity: ): Get benefits consulting services from the reputable brokerage firm VISICOR. Working with us helps your HR department create long-term benefits solutions.