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Keys to a Successful 2022 Employee Benefits Strategy Season

It’s 2022 “Strategy Season.” Not as exciting as baseball season or beach season, but it is more important to your business. The number of organizations I come across that aren’t already in the midst of planning for their employee benefits in 2022 is surprising. “Winging it” with last-minute scrambling can, and often does, result in unexpected outcomes. Viewpoints from Matt Sears When it comes to benefits, there are few key elements to consider to set everyone up for success: Know what you’re trying to accomplish; what you want your benefits “to be.” Your benefits strategy should …

https://www.epicbrokers.com/insights/keys-to-a-successful-2022-employee-benefits-strategy-season/

Employee Benefits Study Illustrates the Range of Effects from the Pandemic

… won from the vanishing commute but were more fearful of illness. Younger employees with white-collar jobs and without families may have found comfort in the stability and quiet in their apartments, though some no doubt missed the social experiences city life had previously offered. MetLife recently released its annual Employee Benefit Trends Study and discovered that more than half of employees in their twenties now expressed higher satisfaction with work-life balance than they had before the pandemic. It’s baby boomers who have seen the greatest decline in “holistic wellbeing,” which is described as including financial, physical, mental …

https://www.epicbrokers.com/insights/employee-benefits-study-illustrates-the-range-of-effects-from-the-pandemic/

Special Compliance Alert: Significant Employee Benefits Changes Contained in the American Rescue Plan Act of 2021

Quick Facts ARPA creates a federal subsidy that will cover 100% of COBRA premiums for certain Qualified Beneficiaries. The subsidy runs from April 1, 2021, through September 30, 2021. Individuals who previously experienced an involuntary termination, or reduction in hours, but did not elect COBRA, or dropped COBRA coverage, but are still within their COBRA maximum coverage period, are allowed a chance to enroll or re-enroll. Congress passed the $1.9 trillion COVID relief bill, the American Rescue Plan Act of 2021 (ARPA). The bill includes significant employee–benefits-related provisions including a federal subsidy that will cover 100 …

https://www.epicbrokers.com/insights/employee-benefits-changes-in-american-rescue-plan-act-of-2021/

Employee Benefits Changes Under the Consolidated Appropriations Act

… to allow: Carryover of unused funds from a Health FSA or DCAP from plan year 2020 into plan year 2021 and from plan year 2021 to plan year 2022. Extension of Health FSA or DCAP grace periods for 12 months following the end of the plan year. Employees to receive reimbursements from unused benefits or contributions through the end of the plan year after they ceased participation in a Health FSA in 2020 or 2021. An increase to the maximum age for reimbursable DCAP expenses from age 13 to 14 when the dependent aged out during the pandemic. Employers are

https://www.epicbrokers.com/insights/employee-benefits-changes-under-the-consolidated-appropriations-act/

IRS Announces Increased Limits for Certain Employee Benefits for 2021

… 400/year (subject to phase out for individuals with adjusted gross income in excess of $216,660) IRC Section 9831 qualified small employer health reimbursement arrangement (QSEHRA): $5,300/year ($10,700/year for family coverage). Please contact your EPIC account team with any questions regarding these updated limits. EPIC Employee Benefits Compliance Services For further information on this or any other topics, please contact your EPIC consulting team. Learn About Our Employee Benefits Compliance Services EPIC offers this material for general information only. EPIC does not intend this material to be, nor may any person receiving this information construe …

https://www.epicbrokers.com/insights/irs-announces-increased-limits-for-certain-employee-benefits-for-2021/

Employee Benefits Consulting with Suzannah Gill

… Savviness What are easy steps employers can take to provide their employees with tools and resources to more easily navigate the healthcare market? Watch Now Healthcare Executive Orders What do President Biden’s recent executive orders on healthcare mean for Employer-sponsored health insurance? Watch Now The Employer Response to Employee Vaccination How are other employers approaching employee vaccination—mandates, incentives, education, or a passive approach? The results from EPIC’s Market Pulse Survey provide insight into the most common strategies that employers are adopting. Watch Now Top Employee Benefits Predictions for 2021 Holistic Employee Wellbeing Remote Work Here to …

https://www.epicbrokers.com/suzannahgill/

EPIC Adds Matthew Marmorek as National Practice Leader, Global (Non-US) Employee Benefits

EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today that Matthew Marmorek has joined the firm as National Practice Leader, Global (Non-U.S.) Employee Benefits. Marmorek has worked in the international employee benefits industry for almost two decades. He specializes in developing innovative solutions to help multinational organizations meet their global employee benefit needs. He has extensive experience guiding clients through the implementation of financing vehicles such as multinational pooling, global underwriting, and captive arrangements, both on and off-shore, including medical, non-medical, and pension coverage. Marmorek brings deep carrier …

https://www.epicbrokers.com/insights/epic-adds-matthew-marmorek-as-national-practice-leader-global-non-us-employee-benefits/

EPIC Continues Expansion of Employee Benefits Practice with New Leadership

… increasing pharmacy prices – one of the most problematic components of escalating cost,” said Craig Hasday, National Employee Benefits Practice Leader. Said Steve Denton, President, EPIC Holdings, “For the past eighteen months, Craig has led our National Employee Benefits Operations Board. In that role, Craig has worked closely with the geographic employee benefits leaders and has done an incredible job bringing our national teams together.” During this time, EPIC has seen increased communication and enhancements across the board in service offerings for its clients. Further, EPIC has seen great improvement in revenue growth, profitability, and integration of its vast employee benefits …

https://www.epicbrokers.com/insights/epic-continues-expansion-of-employee-benefits-practice-with-new-leadership/