On Feb. 27, 2015, the Department of Health and Human Services (HHS) published its final Notice of Benefit and Payment Parameters for 2016. This final rule describes benefit and payment parameters applicable to the 2016 benefit year, including standards relating to: • The reinsurance program’s annual contribution rate for 2016; • The 2016 open enrollment Read more →

The term PTO may not be familiar within every organization, but many are considering whether a new policy, shifting from the traditional accruals of vacation, sick and maybe even personal time off, may be a good option. PTO, or Paid Time Off takes all of the traditional accruals and puts them into a single block Read more →

Should You Be Worried About Your Appliance Hoses? There’s a ticking time bomb in your house right now, waiting to strike when you least expect it. In fact, there might even be more than one. And each can cause thousands and thousands of dollars in damage. We here at Bateman, Gordon & Sands, Inc. are Read more →

New reporting requirements under Internal Revenue Code Sections 6055 and 6056 will be used to enforce the individual mandate and employer mandate. Employers need their HR department, payroll department, payroll vendor, benefits broker/consultant and tax advisors to work together to discuss how each of their respective areas manage the information required to meet the reporting Read more →

Q. We have a number of COBRA participants. Do we have to report on them? A. Yes. Employers with self‐funded health plans (6055 Reporting) must report COBRA participants as covered individuals under the plan. This reporting is done on Form 1095‐B part IV “Covered Individuals”. For Applicable Large Employers (ALE’s) with fully‐insured health plans (6056 Read more →