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Benefits Buzz – November 2023 | NY Benefits Team

Final Forms and Instructions for 2023 ACA Reporting Released The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: 2023 Forms 1094-B and 1095-B (and instructions) will be used by providers of minimum essential coverage, including self-insured plan sponsors that are not applicable large employers (ALEs), … Continued

Benefits Breakdown September 2023 | New York Employee Benefits Firm

2024 Open Enrollment: The Power of Early Preparation With the 2024 open enrollment season fast approaching, employers have an opportunity to develop attractive benefits offerings and proactively communicate with employees to win them over. Early preparation can help show employees they’re valued, convince top performers to stay in their current positions and attract new talent. … Continued

Benefits Buzz August 2023 | New York Benefits Group

Draft Forms for 2023 ACA Reporting Released The IRS has released draft 2023 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions for these forms have not yet been released. 2023 draft Forms 1094-B and 1095-B are drafts of the forms used by providers of minimum essential coverage, including self-insured plan … Continued

Benefits Breakdown – August 2023 | New York Benefits Partners

Strategies for Identifying and Resolving Gaps in Benefits Offerings Identifying gaps in benefits offerings can be complex, as it requires a careful assessment of employee preferences, trends and organizational resources. However, this task is vital; benefits offerings can lead to increased employee engagement and satisfaction. Consider the following strategies for identifying and addressing these gaps: … Continued

Benefits Breakdown July 2023 | New York Benefits Agency

Managing Costs Associated With Cell and Gene Therapy Cell and gene therapy (CGT) is a treatment that modifies a patient’s genetic code to treat or cure specific diseases. These treatments have the potential to enhance patient care and outcomes, but they come at a very high cost. While there’s an urgency to bring CGT to … Continued

Benefits and Me May 2023 | New York Benefits Group

Understanding Lifestyle Spending Accounts Chances are you’re paying more attention to your benefits and wondering how to get the best bang for your buck. You’re likely familiar with health savings and flexible spending accounts, but have you heard of lifestyle spending accounts (LSAs)? An LSA is an employer-funded account that can cover some health- and … Continued

Live Well, Work Well | NY Benefits Advisors

Celebrate World No Tobacco Day by Learning About Smoking Cessation According to the American Lung Association, smoking kills over 480,000 people every year. Few people would disagree that smoking is hazardous to their health, yet millions continue to take part in this unhealthy habit. The most recent data from the Centers for Disease Control and … Continued

What You Need to Know: How COVID-19 Could Impact Your Clients’ Insurance | Employee Benefits Consultants

As the COVID-19 pandemic worsens and becomes increasingly widespread, you will likely be facing more and more questions from your clients regarding business continuity planning. COVID-19 has already led to huge business interruptions, supply chain issues and liability concerns—all of which can open your clients up to claims. Employers, no matter their industry or size, … Continued