Entries by Kari Mortenson

Compliance Overview: 2020 Open Enrollment Checklist

To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2020. Employers should review their plan documents to confirm that they include these required changes and communicate plan changes and notices through an updated summary plan description (SPD) or a summary of material modifications (SMM).

ACA Compliance Bulletin: Affordability Percentages Will Decrease for 2020

On July 23, 2019, the IRS issued Revenue Procedure 2019-29 to index the contribution percentages in 2020 for determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2020, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage does not exceed a specific percentage.

Auto Theft: Prevention and Next Steps

It’s just another brisk summer morning and you step outside in a rush, eyes down digging in your bag to check for your phone, keys in hand. You look up at the driveway. Your jaw drops as your brain tries to process what you’re seeing – or rather, not seeing. Where is your car?  

Do You Need an Umbrella Liability Policy?

You have liability coverage included in your auto insurance policy in case of a car accident. You have liability coverage included in your homeowners/renters’ policy in case of a property accident. Maybe you even have liability coverage through another personal insurance policy, like your watercraft policy, in case of an accident on the water. You’re all covered, right? Well, it turns out, you might not be.