Special Enrollment Period Allows Small Businesses to Easily Qualify for Group Benefits

October 14, 2015

Are you a business owner with less than 50 full-time equivalent W-2 employees?

MM900041090[1]

 The ACA has a little-known special open enrollment period from November 15 to December 15 where insurance companies must relax their rules…they cannot enforce any participation or contribution requirements.  This makes it possible for smaller employers to get group health insurance, even with only one participant.

The effective date for these policies will be January 1, 2016.  All employee and employer paperwork must be received by the carrier by December 15.   Standard community rates apply.

In addition, there are also tax credits available based on the size of your business and average employee income.

Another option for employers who have employees in good health is called a Level-Funding Option.  If you know which employees are going to enroll, providing employee health history can give you additional ways to save money on employee benefits.  This is available any time of year for employers with at least 10 participating employees.

For all your premium savings options, request a quote and/or contact L & A Services ASAP for one-on-one assistance throughout the entire process. We are certified to assist with shopping and selecting a plan, securing the coverage, and applying for any tax credits you may be eligible for.  Since this is a busy time of year for health insurance companies, the earlier you begin the smoother the process will be.


Important for Employers – Complimentary ERISA Compliance Training Seminars

March 26, 2015

dol logo

By now we have all heard plenty about the Affordable Care Act, and many of us have already received a letter from the Department of Labor.  In 2013, the Department of Labor hired over 1,000 auditors to collect $1.6 Billion in penalties for employers that are non-compliant.  It is estimated that 95% of all employers are not fully compliant with ERISA or new provisions of the Affordable Care Act, which will leave many businesses vulnerable to fines.

Our goal at L & A Services, Inc is to remove the threat of fines from $100-$1100 per person per day, in addition to legal fees that come with an ERISA audit. We believe the ERISA compliance service available through TASC is a viable solution to protect your business against potentially large fines and/or legal fees and will give you peace of mind in the likely event of a DOL audit.

This has recently become an extremely important topic for our business customers.  It is up to the employer to comply with all the complex laws surrounding employee benefits; neither insurance companies nor your insurance agent can protect you against these fines.  However, we can offer you tools and resources to protect yourself.

In anticipation of this demand, we are holding two live informational webinars to inform you and answer questions you may have. You can attend them in the comfort of your own office. Each will last approximately 40 minutes with 10 minutes for questions. We would welcome your attendance and feedback.

Seminar 1       April 21st  9:30am (AZ Time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

 

 Seminar 2       April 22nd  2:30pm (AZ time)

 Link for attendees:  http://meetingtasc.com/cris

Conference Call Line: Toll Free (877) 804-8416

*Conference Code:  7751934225

You can email or call me with your preference as to which webinar will work best for you.

Thank you so much for taking time out of your busy schedules for this important webinar.

Sincerely,
L & A Services, Inc


Surviving an DOL Audit: Employer ERISA Compliance Training

July 24, 2014

Blame it on the ACA…

In 2013, the Department of Labor hired over 1,000 auditors to collect $1.1 Billion in ERISA penalties for employers that are non-compliant with this federal law, which applies to all employee benefit programs.

It is estimated that 95% of all employers are not fully compliant with ERISA or new provisions of the Affordable Care Act which will leave many businesses vulnerable to fines.

Fines could range from $100-$1100 per person per day along with the legal fees that would come with an ERISA audit.  To help reduce this risk we are providing education and resources to help employers understand and decide how to handle these responsibilities.

In anticipation of this demand, we are informing you of four upcoming informational webinars on this subject.

You may attend at no cost in the comfort of your own office. Each will last approximately one hour, with 10 minutes for questions.  Times shown in Arizona time.

Topic: ERISA Compliance and Surviving an Audit

Monday ‐ August 4, 2014 8:00 am
Register:  https://cc.readytalk.com/r/9jkadjcwq2a0&eom

Monday ‐ August 18, 2014 11:00 am
Register:  https://cc.readytalk.com/r/6n8d1c0ednv4&eom

Monday ‐ September 8, 2014 8:00 am
Register:  https://cc.readytalk.com/r/8af5br8d78ef&eom

Monday ‐ September 22, 2014 11:00 am
Register:  https://cc.readytalk.com/r/lwtp0dr39nwv&eom

Reserve your webinar seat now!

These webinars are complimentary, and offered as a value-added service to the employers we serve.  They are conducted by one of our preferred administrative services companies, TASC.  However, should you choose to outsource your ERISA compliance responsibilities, we always compare multiple companies to find the right fit for you.

Thank you for taking time out of your busy schedules for this important webinar.  Please don’t hesitate to contact our office with any questions or concerns.

Sincerely,

 

 

Ben Rosky, RHU

L & A Services, Inc
602-996-6010