What’s Next? The Impact of the Supreme Court Decision on Employers The following is a review of the recent Supreme Court Decision on Patient Protection and Affordable Care Act (the “Act”) and outlines what steps an employer must take in 2012 and 2013 to comply. The Supreme Court Decision On June 28, 2012, the […]
IRS Releases Guidance on the $2,500 limit for Salary Reduction Contributions under Health FSAs Health care reform imposes a $2,500 limit on annual salary reduction contributions to health Flexible Spending Accounts (“health FSAs) offered under cafeteria plans, effective for taxable years beginning after December 31, 2012 As provided in Section 125(i)(1) of the Internal […]
Health care reform imposes a $2,500 limit on annual salary reduction contributions to health Flexible Spending Accounts (“health FSAs) offered under cafeteria plans, effective for taxable years beginning after December 31, 2012 As provided in Section 125(i)(1) of the Internal Revenue Code (the “Code”), the $2,500 amount is indexed for inflation for taxable years beginning […]
By Sue Voyles President Logos Communications With the debate continuing over national health care reform, and a constitutionality challenge planned this spring before the U.S. Supreme Court, the issues around health care coverage and employee wellness programs rank high in importance among many MBPA members. As part of our new “Business Knowledge” series […]
By Mike Wanstreet Solucient Security Systems The increasing price of copper has air conditioning units a prime target of burglars. According to news reports across the nation, thieves have made an all-out assault on AC units, either taking entire window-box units or stripping the copper from stationary units. Many unsuspecting owners don’t realize they’ve […]
By Mitchell K. Simon CPA You may have thought that using QuickBooks for your business would help keep Uncle Sam at bay. But you should know that the IRS is now training agents to be more competent in auditing accounting records that use QuickBooks. The Service has provided agents copies of the software program […]
By Larry Klimek JKL Associates As a Business Strategist for over 20 years and a past senior level executive, I have a unique vantage point of business owners and how they approach growing and building one of their most valuable assets – their business. If you look around at other successful organizations, including your competition, […]
By Barbara Hendrickson President Visible Communication LLC It’s all about the Brand. What is your Brand messaging? Do you have a personal Brand? Whether we’re conscious of it, we all make brand associations daily — major companies have engaged expensive ad agencies to make certain of it. We will likely all have a similar response when […]
<p><strong>The MBPA SPD Agreement is an All-Inclusive Document Covering All Lines of Health and Welfare Benefits.</strong></p> <p> </p> <p>To help your clients reduce their employee benefit costs, the Associations are providing complimentary services such as Summary Plan Descriptions and Section 125 Plan documents to all dues paying members.</p> <p> </p> <p><strong>Summary Plan Descriptions (SPDs)</strong><br /> <strong>ALERT:</strong> The Employer Retirement Income Security Act (ERISA) guidelines make it mandatory for all businesses with 2 or more employees to provide employees with a Summary Plan Description (SPD).</p> <p> </p> <p>We continue to take a leading role in informing and helping our members meet their obligations under ERISA. <strong>We offer SPDs at no charge to our members.</strong> Types of benefits covered by Summary Plan Descriptions include: Medical, Long Term Disability, Short Term Disability, Life and AD&D and freestanding Dental/Vision.</p> <p> </p> <p>The adoption agreement is now a compliant document reflecting <strong>ALL</strong> the Health Care Reform Law changes as of January 2012. These documents are <strong>FREE</strong> to our members.<strong> NOTE: </strong>The cost for non-members will be $50 starting May 1st. The Benefits SPD adoption agreement is one compliant document rather than 5 different forms.</p> <p> </p> <p><strong>Let us complete your All-Inclusive SPD’s for your clients</strong></p> <p> </p> <p><strong>To request an SPD:</strong></p> <ul> <li>Simply contact our office and our team will work with you or your client.</li> <li>Download the documents from our secured Agent Pavilion, complete, and return to the Association office.</li> <li>The completed Agreement should be emailed in WORD format to <a href=”mailto:info@michbusiness.org”>info@michbusiness.org</a> for processing.</li> <li><strong>The Association will send the completed agreement to you or your client.</strong></li> </ul> <p> </p> <p><strong>Section 125’s</strong></p> <p><strong>To request your Section 125 for your clients:</strong></p> <ul> <li>Simply contact our office and our team will work with you or your client.</li> <li>The Section 125 Plan has a separate adoption agreement.</li> <li>Please follow the same submission instructions as with a SPD.</li> <li>The completed Section 125 Plan and supporting documents are normally returned in 2-5 business days.</li> </ul> <p> </p> <p><strong>Contact a Member Service Representative today to learn more or to get started at 1-888-277-6464 or 1-586-393-8800.<br /> <br /> </strong> </p>
“Wellco does much more than provide corporate health and wellness programs. Wellco fixes health and wellness programs. As a result, we have decreased our medical costs by more than 15%. Wellco’s systems and guidance are the best and most effective in the industry by far.” Carol Gatewood, President, AJ Danboise HealthHammer As the first and only […]
