Employee Benefit Guidance & Compliance Solutions

December 2019 Newsletter

Posted by on December 1, 2019 in Newsletters

Dear Valued Clients and Associates,

Happy Holidays!!

This November and December have been a couple of the busiest, most exciting months of my career. With multiple new plans implemented for 2020 and so many wonderful opportunities to volunteer, meet new people and help so many organizations, I’ll be headed home to Maine for a couple days at Christmas with a heart full of gratitude.

If you’d like to learn how we can help you reach your benefit and compliance goals, let’s chat! Give me a call today 732-258-1032.

Here is your December 2019 Newsletter with a combination of HR and Health related news. I hope you enjoy!

From all of us at PF Compass – We wish you a wonderful Holiday Season!

 


 

Getting Ready for Winter – Developing Your Inclement Weather Policy

By Maggie Johnson, HR Consultant

Winter will soon be here with all of the snowstorms, blizzards, and freezing weather that come with the season. Keeping a business running effectively during harsh weather can be challenging, but having an inclement weather policy can provide guidelines to employees about when they are expected to report to work and how they will be paid when stormy weather hits.

Here are some things to consider when creating your inclement weather policy

Read More Here

 


 

FSA Contribution and Other Benefits Limits Rise for 2020

The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year.

Since this announcement came so late in the year, some employers may not use the updated figures in their benefits limits—as doing so would require an addendum.

In fact, some employers have been known to use limits from the previous year because they cannot wait until this far into the enrollment season to release benefits materials. With that in mind, it wouldn’t be surprising if employers use the 2019 limits for their FSA plans in 2020.

In addition to the FSA contribution limits, the IRS announced increases for transportation benefits and adoption services. Qualified transportation benefit limits (for parking or transit passes) increased to $270 for 2020. Maximum employer subsidies for qualified adoption expenses rose to $14,300, up $220. Other adoption-related limits increased as well.

 


 

Healthy for the Holidays

Natural Medicine & Rehab

Ahh the holidays…a time when we typically lose track of healthy habits, i.e. crazier schedules, parties with more unhealthy foods, late nights, alcohol and high stress (both positive and negative). Being out of our normal routines can cause many things including stress, a greater tendency for our immune system to break down and sometimes…tummy trouble!

If you find yourself engaging in foods that are processed, sugary and chemically laden on a daily basis over the holidays you may experience digestive issues. Here are a 10 remedies to help reduce gas and bloating.

Click here for the entire article

 


 

Health Experts Unanimous in Objection to Medicare-For-All

In a conversation about value-based care and cost containment at the 2019 Forbes Healthcare Summit, three health executives agreed the policy Medicare-For-All jeopardizes the ability to provide health care for everyone. Panelists, Michael Dowling, President & Chief Executive Officer, Northwell Health, Laurie H. Glimcher, M.D., President & Chief Executive Officer, Dana-Farber Cancer Institute and Farzad Mostashari, Founder and CEO of Aledade described the financial gymnastics and negotiations needed to ensure privately and publicly-insured patients have equal access to care, particularly when up to 64% of revenues from public payers are non-negotiable.

For the full article, click here

 


 

6 Steps for a Sublime Seasonal Shindig

Planning a holiday party can be a logistical nightmare, especially when you don’t know where to begin. Luckily, we have a few steps to make it easier.

  1. Set a Budget -A good party doesn’t need to cost more—a buffet can delight as much as a five-course meal. Consider how you want to spend your money (e.g., DJs, food, fancy venue or decor).
  2. Outline the Basics – You’ll need to determine the theme, venue, time and a rough estimate of guests before you can do anything else.
  3. Get a Team – Together Instead of doing it all yourself, consider forming a party planning team to help with logistics, like booking a venue.
  4. Think About Activities – What will people do at your party? Will they eat, dance, exchange gifts, receive awards, play games or something different? Think about what your employees will enjoy the most.
  5. Set Expectations – Prior to the event, communicate appropriate conduct and dress codes. If there will be alcohol, define limits and appropriate etiquette.
  6. Raise the Hype – Ensure employees are excited for the party by hyping it up at work. Keep it top of mind in internal communications by mentioning it frequently as the date approaches.

If you do it right, you’ll have a party that employees won’t stop talking about for months!

 


 

There’s a Healthcare Crisis, and Telemedicine Wants to Cure it

Caroline Roberts – cnet.com

Virtual appointments could be the answer to overcrowded doctor’s offices and months waiting for care.

The issues with the US healthcare system are no secret: too many people miss out on adequate medical treatment because they face too many barriers — lack of insurance, exorbitant costs for care, long wait times to get an appointment, lack of transportation — to make it to the doctor’s office. While political debates about health insurance rage on, many medical professionals are turning to more pragmatic solutions to help patients in today’s world. One such proposed answer is telemedicine…

Read More Here

 


 

More Than 1K Employers Push Senate to Repeal ACA Cadillac Tax

The Cadillac tax, meant to level the playing field between those purchasing coverage on the Affordable Care Act exchanges and those getting employer-sponsored plans, would produce $183 billion in federal revenue through 2029, according to the Congressional Budget Office — $96 billion directly from employers.

The House overwhelmingly passed a bill repealing the tax in July by a bipartisan vote of 419-6. The legislation is currently awaiting action in the Senate, where a third of senators are now co-sponsoring a comparison bill to repeal.

Read More Here

 


 

How to Conduct 1-on-1 Benefits Meetings

Employee benefits programs are a big part of attracting and retaining top talent. You’ve likely worked hard to develop a competitive benefits package, but you may be undermining your hard work by not communicating effectively. Learn some tips for holding 1-on-1 benefits meetings in the video below.

Meeting 1-on-1 to Discuss Benefits – HR 360, Inc.

 


 

Need Dental Insurance?

Delta Dental now offers individual policies – Search Plans, see prices and sign up online here.

 

November 2019

Brandi Bowers | Benefits Consultant
PF Compass Employer Guidance & Benefit Solutions

461 Somerset St. North Plainfield NJ 07060
Tel (732) 258-1032

 

Credits: Copyright © HR 360, Inc. All rights reserved., Forbes.com, cnet.com, Natural Medicine & Rehab, healthcaredive.com

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