The Plexus Groupe

DID YOU KNOW? Graduation Party Hijinks Results In Sobering Consequences for Parents

High school graduation is an exciting time for young adults and overly-enthusiastic parents who want to celebrate this milestone. With about two-thirds of high school students planning to go to college after graduation, the temptation to treat them as adults or to let them “blow off some steam” at a party may be quite high for some parents.

The Plexus Groupe's Expert on Personal Lines Quoted in Reviews.Com Article

The Plexus Groupe's Expert on Personal Lines Quoted in Reviews.Com Article

In their latest "Insurance & Pop Culture" column, Reviews.com asked David Miller of The Plexus Groupe whether homeowners insurance would cover damage by Godzilla, and the results might surprise you.

The Plexus Groupe Celebrates EOY Midwest Finalists

The Plexus Groupe Celebrates EOY Midwest Finalists

Executives of The Plexus Groupe celebrated the Entrepreneur of the Year Finalists for the Midwest Division Monday during a reception for the program. This is the 10th year that The Plexus Groupe has been a Platinum Sponsor of the event that celebrates the entrepreneurial spirit and bringing big ideas to life.

DID YOU KNOW? Carfax is Your Friend AND Foe

DID YOU KNOW? Carfax is Your Friend AND Foe

Did you know that some repair facilities, including Midas and Pep Boys, share your vehicle data with Carfax?  Did you also know that Carfax sells this data to some insurance companies?  This data exchange is not a one-way street – Carfax also receives vehicle claims data from insurance companies. 

Work Shield Featured in Dallas Innovates

Work Shield Featured in Dallas Innovates

The Plexus Groupe is not only proud to offer Work Shield as an innovative workplace harassment protection plan to our clients, but we use the confidential reporting platform in our own company as well.

Work Shield founder Jared S. Pope was recently featured in Dallas Innovates as a cutting edge start-up that is making a difference in the #metoo movement.

Wildfire Victims Are Largely Under-Insured

Wildfire Victims Are Largely Under-Insured

California’s massive wildfires over the past year have highlighted that many residents were under-insured – and an insurance expert believes several factors are to blame.

DID YOU KNOW? Beating Black Ice Could Mean A Better Insurance Rate

DID YOU KNOW? Beating Black Ice Could Mean A Better Insurance Rate

Winter is officially here and the arctic air has arrived, making it dangerous to be outside, much less on the roads. Even though we like to think we’re accustomed to tough Midwestern winters, the fact is we all tend to forget to adapt our driving styles when the season arrives. 

EMPLOYEE BENEFITS NEWSLETTER: November 2018

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9 ACA Employer Mandate FAQs for Employers and their Brokers

The Affordable Care Act (ACA) is still in effect, despite efforts to dismantle it. This means its employer mandate is still in effect, and something employers and brokers can’t ignore. Plexus Technology Services, which delivers innovative technology reporting solutions to companies needing to report ACA information to the government, provides 9 ACA FAQs (frequently asked questions) about the employer mandate for employers and their brokers.

 

What is the ACA employer mandate?

Employers with 50 of more full-time employees must offer those workers and dependents the chance to enroll in minimum essential coverage under an employer-sponsored plan.

 

What is “full-time” under health care reform?

Working at least 30 hours per week or 130 hours in a calendar month. A special rule covers “seasonal workers” and others not continuously employed.

What is the look-back method for counting full-time employees?

Count the number of full-time employees during each calendar month and divide by 12.

What is an offer of health coverage?

Employees with 50 or more employees must offer coverage during a plan year. Employees must pay their share within 30 days of due date.

When is employer coverage considered unaffordable?

If the employee’s required contribution for self-only coverage exceeds 9.69 percent of their household income for the taxable year.

How are wellness programs treated?

If a wellness program provides medical benefits, it will likely be treated as a group health plan, subject to non-discrimination requirements.

How are stand-alone wellness programs treated?

If they don’t pay for medical benefits, they are not treated as group health plans.

Who handles the Summary of Benefits and Coverage?

The insurer prepares the SBC, and the plan sponsor distributes it. A self-funded plan prepares its own SBC.

What are the two employer mandate penalties?

No Minimum Essential Coverage: $2,260 per full-time employee.

Inadequate Health Plan: $3,390 per full-time employee.

Have questions regarding these ACA mandates and filing? Contact a Plexus Technology Services associate in Deer Park, Illinois at 847-307-6100, Chicago at 312-606-4800, Dallas at 972-770-5010 or Oklahoma City at 405-840-3033. We’re here to help and we’re happy to help.

Content provided by New Equipment Digest.