Noncompliance with COBRA laws could result in astronomical penalties, legal fees, and other expenses. Consider this: A maximum of $110 penalty per affected participant or beneficiary per day from the date the noncompliance started. Personal liability imposed on plan administrators. It is not unheard of for COBRA violations to cost a company thousands
The use of technology is revolutionizing the way we do business and young professionals have come to expect it. The practical use of technology in the employee benefit space is evolving, and in many ways, millennials are in the driver's seat. With Increased regulation, unsustainable medical cost increases, and an
Please join us for a brief 20 minute webinar on February 4th at 11:30 am. We will be showcasing our technology tools designed to streamline your processes for Benefits Management, Human Resources, and ACA Compliance into one, simple, easy-to-use system. This webinar we will highlight: Employee On-boarding Supervisor Training Online Benefit Enrollment and Cost
Whether you’re a startup or a small to medium business you’ll no doubt already have experienced the dreaded mountain of paperwork that comes with ensuring the smooth running of all your HR processes. If done manually, this paperwork can see you (literally) pulling your hair out, which is where our
Just as many Californians prepare for open enrollment season, the California Office of the Patient Advocate released ratings Wednesday of 10 HMOs, six PPOs and more than 200 medical groups. Read the full LA Times article here.
Small employers - i.e., employers who are not applicable large employers (ALEs) -who reimburse or pay a premium for an individual health insurance policy for an employee should be aware that they may be subject to a $100 per day ($36,500 per year), per employee excise tax. Transition relief from the
In late March, the Supreme Court will hear arguments on the constitutionality of the "Individual Mandate". The Court is allowing more than 5 hours and we can expect a ruling by late June. Couple this with a Presidential election in November and this is shaping up for a big year for
The California State Compensation Insurance Fund (SCIF) announced November 9 that the 80,000+ employers written direct through SCIF have a new option. They may choose to select an independent broker to represent them through a broker of record letter. Independent brokers “bring significant and lasting contributions through a wide variety
At Van Beurden Insurance Services, Inc., we like to think we have been able to combine the best of both worlds: the resources of a large company with the commitment and family tradition of a smaller firm. Our philosophy is that happy, experienced, and dedicated employees provide optimum
For years, business owners have complained about the same things regarding Workers' Compensation Insurance: Large Deposits High Rates Policy Audits Difficult Payment Plans Aren't these the things that bother you the most about Work Comp? These can be especially bothersome for smaller businesses, who never seem to see the same aggressive offers from Insurance Companies. These