2021 Plan Limits

Many employee benefit plans are subject to annual contribution limits and these may change each year due to inflation. Below are the plans that have updated contribution limits for 2021: HSA (Health Savings Account): Individual: $3,600 ($50 increase from 2020) Family: $7,200 ($100 increase from 2020) HDHP Out-of-Pocket Maximum (High Deductible Health…
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Review Your Insurance Invoices

Any time your organization has new hires, terminations, or employee life event changes, get in the habit of reviewing your invoices from your insurance carriers. You’ll want to compare your insurance carrier invoices against the recent changes to make sure you are being invoiced the correct amount. Better yet, you…
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Webinar: All Things COBRA

During our September 2020 webinar, we talked about All Things COBRA. COBRA (The Consolidated Omnibus Budget Reconciliation Act) requires employers to offer a continuation of group health benefits when a qualified event occurs (such as job loss) for qualified beneficiaries (such as workers and their families). While it can be…
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Webinar: 2020 HRA Overview

Our August webinar covered the info employers need to know in 2020 when it comes to their Health Reimbursement Arrangement (HRA) including: HRA Overview Types of HRAs 2020 Final Regulations ICHRA EBHRA If you missed the live session or would like to revisit it, use this link to access the…
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Webinar: An Employer’s Guide to HSAs

What is an HSA? Health Savings Accounts can be complex for employers and employees. Our July 2020 installment of the acumen Webinar Series explained the HSA to make it easier for employers to administer these plans. Our discussion items included: Eligibility and Participation Contributions HSA administration CARES Act Updates If…
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Webinar: Mid-Year Election Changes: Section 125 Cafeteria Plans

Our June 2020 edition of the acumen Webinar Series, covered the general rules of Section 125 Cafeteria Plans and the information employers need to know about mid-year election changes to these plans. We also discussed: 15 events permitting mid-year changes Other event considerations Recent developments, including changes related to COVID-19…
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COVID-19 Webinar

On Monday, March 30, 2020, acumen’s Research and Development team hosted a webinar to share important COVID-19 resources for employers. Click here to listen to a recording of this webinar. Topics included: • acumen: How are we responding? • Families First Coronavirus Response Act • Unemployment Considerations • Small Business…
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Is There an App for That? – Acumen’s Wisdom Network

By Michael Rozum, Advisor at acumen We live in an age where nearly everyone has a smartphone or device, which houses countless apps. A look around any waiting area quickly reveals the entertainment value of such apps. Whether it’s reading an article, listening to music, shopping online, or simply scrolling…
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COVID-19 Update from acumen

  As always, acumen is committed to excellent service to our valued clients. Rest assured, in the event that any of our office locations find the need to temporarily close as a concern related to the COVID-19 virus, your service will not be disrupted. We will maintain operations by utilizing…
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Constant Reminders – Staying in Compliance

By Michael Rozum, Advisor at acumen It often feels like technology can be both a blessing and a curse. A curse some days… searching for that coveted work-life balance, trying to unplug to be truly present for the important people in our lives. A blessing other days… when it helps…
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