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How the wrong benefits administration system can hinder efficiency and put your organization at risk…and what to do about it

It is not an easy time to be a human resources professional. The 2010 passage of the Affordable Care Act (ACA) brought additional reporting, disclosure, and notification requirements. Workload, administrative costs, and compliance risk for human resources teams increased. This legislation only compounded the complex reporting, disclosure, and fiduciary requirements associated with the Employee Retirement Income Security Act (ERISA). With... Continue reading.

Secure Cyber Security

Surprisingly, most organizations have cyber assets that are worth 14 percent more than their plant property and equipment (PP&E), but not surprisingly, their rate of insurance is higher for their PP&E assets, according to the 2017 Cyber Risk Transfer Comparison Global Report. Organizations insure an average of 59 percent of their PP&E losses, compared to just... Continue reading.

Electronic Logging Device Ruling: Do You Know What’s Included and If You’re Required to Comply?

Many companies have put off installation of Electronic Logging Devices (ELDs). However, the Federal Motor Carrier Safety Administration (FMCSA) ruled in December 2015 that many carriers must be in compliance by the end of this year. Specific compliance deadlines are as follows: Drivers and carriers currently using paper logs or logging software must be using... Continue reading.

MJ Insurance Expands Phoenix Team with Four New Additions

PHOENIX- (May 30, 2017) – MJ Insurance, one of the nation’s largest privately-held insurance agencies with more than five decades of success, is pleased to welcome four new additions to its Phoenix office. Kasey Stevens, Daniel Bish and Morgan Agster will start May 30 and Angelica Alaniz will join on June 5. In her role... Continue reading.

MJ Insurance Continues to Expand Team in Indianapolis

INDIANAPOLIS – (May 30, 2017) – MJ Insurance, one of the nation’s largest privately-held insurance agencies with more than five decades of success, is pleased to announce its three recent hires, Michaela Neal, Margaret Gloyeske and Jacob Jones, to the Indianapolis office starting May 30. Neal continues on with the MJ team as risk transfer... Continue reading.

Cyberspace Under Siege

The IT security company Trend Micro declared 2016 “The Year of Online Extortion.” It’s likely they’re now calling 2017 “The Supersized Year of Online Extortion” following an alarming recent wave of ransomware attacks. In the latest incident, which has gained headlines worldwide, more than 200,000 computers in at least 150 countries have so far been... Continue reading.

The Monetary Value of Sweat

Feel better, live longer and save money—that’s a pretty good trifecta of benefits. It turns out that all three can be reached with a little sweat. But we all know that developing new health and fitness habits can be a real challenge, which is why corporate wellness programs can prove so valuable to both employee... Continue reading.

IRS Announces HSA/HDHP Limits for 2018

OVERVIEW On May 5, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-37 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018. These limits include: The maximum HSA contribution limit; The minimum deductible amount for HDHPs; and The maximum out-of-pocket expense limit forHDHPs. These limits... Continue reading.

Legislative Update: House Republicans Pass Amended AHCA

On May 4, 2017, members of the U.S. House of Representatives voted 217-213 to pass the American Health Care Act (AHCA), after it had been amended several times. The AHCA is the proposed legislation to repeal and replace the Affordable Care Act (ACA). The AHCA needed 216 votes to pass in the House. Ultimately, it... Continue reading.