Monthly Archives: December 2013

Ensuring your SPD’s are ERISA Compliant

December 19th, 2013

As one of the most important documents for participants’ employees and their dependents, the Summary Plan Description (Wrap SPD) communicates what a Health Benefit plan(s) provides and how it operates. All employers who offer Group Welfare to their employees are required to provide SPD’s containing clear language about available benefits that are compliant with ERISA,...

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Americans with Disability Act As Amended

December 19th, 2013

The Americans with Disabilities Act (ADA) is one of the most comprehensive pieces of civil rights legislation. With a significant impact on health benefits it affects both individuals and employers. Did you know? 1 in 4 of today’s 20 year-olds will become disabled before they retire  Over 37 million Americans are classified as disabled which...

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‘Tis the time of year

December 19th, 2013

As the snow starts to fly here in the Midwest, our four legged friends have returned.  BASIC’s Corporate office backs up to a nature reserve and we benefit with a spectacular view. Tuesday, December17th we had seven visitors. We don’t often have bucks with racks visit. This fellow was a rare treat....

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Are You a Strategic or Tactical Manager?

December 2nd, 2013

From the Desk of Dave Tomko, owner – The Growth Coach of West Michigan I am on a crusade to re-educate and re-focus senior business managers to lead more and manage less. I have found that this shift in attitude leads to a much more fulfilling and enjoyable career. It will also eventually make you...

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Supreme Court to Decide Contested Payroll Tax Issue

December 2nd, 2013

At long last, the U.S. Supreme Court has agreed to resolve a matter that has perplexed payroll managers for the last few years. In the controversial Quality Stores case, the Sixth Circuit Court of Appeals ruled in 2012 that severance payments should not be treated as wages for payroll tax purposes, a conflicting decision with...

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New Guidelines for Mental Health Benefits

December 2nd, 2013

Mental health benefits and medical health benefits need to be made available on an equal basis, according to Congress. The idea was to prevent employers from being more generous with health benefits for standard medical and surgical services than they were for mental health and addiction services. This is why Congress passed the Mental Health Parity...

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