Human Capital Management Blog

The Benetech Advantage

It's lonely in HR. Never fear! Benetech's team of seasoned experts provides the wisdom, technology insights, and healthcare regulatory updates that keep under-staffed and over-tasked HR departments informed, in compliance, and running lean!

Matt Ingold

Matt serves as Benetech's Director of Business Development. He helps employers reduce the cost of personnel management, and discover where improved talent management can give their business a competitive advantage.

By: Matt Ingold

November 7th, 2019

Your 2020 FSA, HSA, QSEHRA, and HDHP Limits

Healthcare Compliance

Each year, the IRS sets new out of pocket maximums and contribution limits for a number of tax-related benefit plans based on cost-of-living adjustments (COLAs). We'll get right to the point. The 2020 adjustments are official as of today and are as follows.

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By: Matt Ingold

October 29th, 2019

ACA Penalties Rise Again in 2020

Healthcare Compliance

The IRS has released updated penalties for Affordable Care Act non-compliance. As has been the common practice since the first year of mandatory reporting for Applicable Large Employers (ALEs), the penalties for failure to offer coverage to “substantially all” of your full-time employees, or failure to offer coverage that was “affordable” or offered “minimum value” has increased with inflation. Here are the new penalty rates, as well as some common misconceptions about ACA penalties.

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By: Matt Ingold

October 23rd, 2019

NY Mandates Leave for Domestic Violence Victims

Compliance & Auditing | HR

Starting on Nov 18, 2019, NYS employers will be required to grant leave to employees whom they know to be victims of domestic violence. While there are exceptions for employers who can show that the leave would place upon their business an undue hardship, employers are required to provide such employees with a “reasonable amount of time” to receive recovery care.

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By: Matt Ingold

August 8th, 2019

Five tips to Changing a Flexible Spending Account Administrator Mid Plan Year

Healthcare

While changing Flex Spending Account Administrator's in the middle of your plan year is not ideal, it is certainly possible.

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3 Most Common Mistake Employers Make When Offering Benefits

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

By: Matt Ingold

August 1st, 2019

The Pros and Cons of PEOs: Are They a Fit for You?

Human Capital Management

Simplify HR and keep my costs low—has a nice ring to it. Managing employees and their benefits can be expensive and tedious, and the problem only grows as your expand. A Professional Employer Organization (PEO) is certainly an option for employers looking to offboard HR tasks and find some possible savings on health insurance. The question—is a PEO a good fit for you? Here are a few pros and cons to consider, as well as some topics that most PEOs like to avoid discussing in their sales presentations. Joining a PEO is a big commitment, so the following tips will help you walk into the discussion with eyes wide open.

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By: Matt Ingold

July 17th, 2019

With Recent Federal Court Decision, Can NYS Still Prohibit Mandatory Arbitration for Sexual Harassment Allegations?

NYS Sexual Harassment Training

When Governor Cuomo signed the 2018 Budget Bill, one of the provisions was a prohibition against employers including any written clause in employee’s contracts or company policy requiring sexual harassment allegations to go through mandatory arbitration prior to outside courts. The only exception would be where this provision was inconsistent with federal law.

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By: Matt Ingold

May 17th, 2019

Is Non-Discrimination Testing on Your Premium-Only Plan Worth the Money?

Healthcare Compliance

A Section 125 plan, AKA a cafeteria plan, allows employers to give employees the option of taking cash or make a pre-tax contribution to their employer-sponsored health plan. This is a great benefit to employers (reduced payroll and FICA tax) and employees (reduced taxable income and paying health premiums with pre-tax dollars). While cafeteria plans have been around for decades, we still run into employers who deliver their plans on a post-tax contribution basis and miss out on the savings for their business and employees. A simple $300 plan document can save thousands of dollars year-over-year. But that aside, there are stipulations to gaining the tax benefits of a Section 125 plan, and the IRS imposes strict testing to make sure that an employer's plan does not discriminate in favor of highly compensated employees.

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By: Matt Ingold

April 5th, 2019

What's the Difference Between NYS and NYC Sexual Harassment Laws?

Compliance & Auditing | NYS Sexual Harassment Training

Question: What are the differences between NYS and NYC Sexual Harassment Laws?

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Before you leave...

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Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.

Before you leave...

Mistakes are expensive, especially when building benefit plans.

We've outlined the 3 most common mistakes employers make when offering benefits in a quick ebook. Get your copy free when you subscribe to our blog.