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As an employer, you’re likely aware of the requirement of managing and calculating “imputed income” for your employees. This requirement of the IRS applies to employees who are covered by an employer-provided benefit of more than $50,000 in term life insurance. This requirement is tedious and challenging, especially if you have a payroll or software service, however it is one that must be administered. This Continue reading
Employer Benefits Compliance – October 15th Deadline Medicare D Creditable Coverage Notification If you are an employer who provides prescription drug coverage as part of your benefit package, you are required under the Medicare Modernization Act to annually disclose to your Medicare-eligible population whether the pharmacy plan is “creditable” or “non-creditable”. “Creditable” means the prescription drug coverage provided meets or exceeds the Medicare Continue reading
Millenium Benefits Consulting offers a different perspective on what is normally one of the biggest headaches in an employer’s year. Take a quick look to see if it helps… Yikes – Open Enrollment is just around the corner! Yep, it’s true – for plans renewing on January 1, 2013 – open enrollment is right around the corner. Most employers and employees alike dread the open Continue reading
As an employer, one question that challenges you again and again is which benefits can be changed when an employee experiences a family status change. You may even ask “ what is a family status change or qualifying event”. For example, an employee gets a divorce and has dependents. Can the dependents remain on the medical, dental and vision benefits? Or an employee adopts Continue reading
Millennium Benefits Consulting (MBC) is an Atlanta-based employee benefit and consulting brokerage firm that was incorporated in 1988. As a privately held, family-oriented organization, MBC stands apart from other consulting houses and brokerage firms because of our passion and talent for creating customized benefit solutions. The MBC team is comprised of associates with a variety of professional backgrounds and related areas of expertise, ranging from large national health insurance carriers to human resource departments. Having dealt extensively with both sides of the healthcare/benefits equation, MBC is uniquely qualified to develop benefit solutions that are valuable for employees, while making the most efficient use of the employer’s resources. Learn more about MBC at www.mbcllc.com.
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