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IRS Releases Memo on 2-percent Shareholders’ Health Coverage …
WEBThe Internal Revenue Service (IRS) released a memorandum to confirm that a person who is a 2-percent shareholder (through Internal Revenue Code §318’s attribution rules) in an S corporation is entitled to a deduction for the amounts paid by the S corporation under a group health plan.. For the 2-percent shareholder to deduct the health insurance …
Actived: Just Now
URL: https://snellingswalters.com/irs-releases-memo-on-2-percent-shareholders-health-coverage-deductions/
Employee Benefits Solutions
WEBA smarter employee benefits strategy. Better outcomes for your business and your employees. “When we hired Snellings Walters, they were very transparent and we had a bunch of candid conversations. Over two years, we’ve saved over $2 million dollars on our health insurance.”. – Santina Daily, CLM, Director of HR, Chamberlain Hrdlicka Law
Determining COBRA Premiums for Fully Insured and Self-Funded …
WEBThe Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) allows qualified beneficiaries who lose health benefits due to a qualifying event to continue group health benefits. While some group health plans may provide COBRA continuation coverage at a reduced rate or at no cost, most qualified beneficiaries must pay the full COBRA premium.
How to Know If You’re a Candidate For Self-Funding
WEBHow to Know If You’re a Candidate For Self-Funding. Finding a health plan that is suitable for your business and employees is tough. Looking at all your options, including alternative options, is a good way to see what works for your business and what does not.
Attracting and Retaining Employees through Insurance and Health …
WEBAccording to Harvard Business Review, “the pace of employee turnover is forecast to be 50-75% higher than companies have experienced previously, and the issue is compounded by it taking 18% longer to fill roles than pre-pandemic.”That being said, attracting and retaining employees is more important than ever. Finding ways to keep employees satisfied …
Say No to High-Cost Drugs
WEBWhen it comes to employer-sponsored healthcare, one of the most significant cost drivers is prescription drugs. The traditional Pharmacy Benefit Managers (PBMs) that dominate the industry—CVS Caremark, Optum RX, and Express Scripts—operate with a business model that prioritizes profit over transparency and cost-effectiveness, exceeding a whopping …
2024 Employee Benefits Outlook
WEBMoving Forward Together. All signs show that 2024 is poised to be a year of significant transformation in the realm of employee. benefits. Telemedicine is saving time and money, employee retention and benefits education are. becoming more focused, and mental health support is gaining the recognition it deserves.
Why Healthcare Benefits Should be a Top Agenda Item for Leaders
WEBIn the dynamic landscape of business leadership, our priorities can often change. However, one thing consistently resonates with both leaders and their employees – healthcare benefits.As leaders steer their organizations through the ebbs and flows of the current market, healthcare benefits play a pivotal role in nurturing a productive workforce.
Cobra Liability in Mergers and Acquisitions
WEBThe Consolidated Omnibus Budget Reconciliation Act (COBRA) requires certain group health plans to make continuation coverage available to certain individuals who would otherwise lose group health plan coverage due to a qualifying event. Employers who go through business reorganizations, such as mergers and acquisitions (M&A), will need to …
What is Insure the Cure
WEBSince the start of Insure the Cure in 2011, the Atlanta insurance community has raised over $2.6 million to fuel the mission of the Cystic Fibrosis Foundation. This year, our Snellings team has a fundraising goal of $100,000, and we believe that if we come together, we have the power to put an end to cystic fibrosis.
Handling a Claim: What to do if an Employee is Hurt on the Job
WEBProvide Claim Forms to Injured Employees. In most cases, employers must provide the injured employee with a workers’ compensation claim form within 24 hours after a notice of injury. In addition to a workers’ compensation form, you’re required to send the injured employee written information about their rights under the workers
5 Intangible Employee Benefits Your Team Will Love
WEB5. Gym membership reimbursement: Physical wellbeing is important not only for your employees’ overall health but it can also help limit the number of sick days they take. Regular exercise is proven to help enhance your immune system and leave you feeling refreshed with more energy. Allowing a gym reimbursement stipend is a great intangible
Join Our Cause: Cystic Fibrosis Snellings Walters
WEBAt just 3 months old, Emily Snellings was diagnosed with Cystic Fibrosis. Emily is the daughter of our very own Clay Snellings, and granddaughter of our founder, John Snellings. She’s a glass-half-full kind of girl with hopes and dreams of better tomorrows for people living with cystic fibrosis. For kids like Emily, we’re dedicated to
Using a Predict and Prevent Approach to Insurance
WEBAt Snellings Walters, we care about helping you protect your business against all of its risks. This means finding the blind spots in your coverage that you might not be able to see. We’ll make sure we identify the real issues you want to fix and provide you with the right tools and knowledge to succeed. Reach out to us here to get started.
4 Questions to Ask About Your Workplace Safety Plan
WEB4 questions to ask about your workplace safety plan: 1. What are your current policies? If your business already has a policy in place, this question is a simple check off the list. Take a look at your current policy in relation to the state of your workplace. If no accidents have occurred, and your employees are following proper protocols
The Ins and Outs of Warming up and Cooling Down
WEBOK, you’ve made it to the gym, you’ve donned your sneakers, and you’re ready to go! Or are you? If you’re headed for a workout, whether by yourself or in a group, it’s really important that you arm up before you get into it, and cool down when you’re done.
Benefits of Working with an Insurance Broker vs Agent
WEBSince insurance brokers deal with a wide variety of products and services, they’re able to hit each of these checkboxes. The benefits of working with brokers goes deeper than what you see on the surface level. By working with brokers, you also receive: Better quality support. More personalized service.
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