5 Employee Handbook Mistakes to Avoid | Michigan Benefit Brokers

Gary Wheeler, partner at Constangy, Brooks, Smith & Prophete, LLP, a well-respected national employment law firm and legal partner to ThinkHR, explains five mistakes he sees frequently in his clients’ employee handbooks.It’s too long, inconsistent, or redundant.Like with your house, when you live with an employee handbook for a while, you collect things and it … Continued

IRS Announces HSA Limits for 2019 | Michigan Benefit Consultants

On May 10, 2018, the IRS released Revenue Procedure 2018-30 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2019. These limits include:The maximum HSA contribution limit;The minimum deductible amount for HDHPs; andThe maximum out-of-pocket expense limit for HDHPs.These limits vary based on whether an individual has … Continued

Top 5 Social Media Tips That Can Benefit Every Agency | MI Benefit Advisors

The world is connected nowadays through our screens. Whether it be email, texting, websites, Facetime, or social media; we all use technology to connect us to others. According to Hubspot, an online marketing and sales software provider, consumers are on social networks more than ever before. They wrote:“In our survey of 1,091 global internet users, … Continued

It’s Intern Season | Michigan Employee Benefit Consultants

Summer internships offer students opportunities to gain real-world experience and hands-on career development. Conversely, internship programs give employers access to highly motivated and educated young workers and give junior managers more experience training and supervising. There are benefits for everyone involved.However, there are some potential legal and administrative pitfalls that many employers overlook. One of … Continued

Notifying Participants of a Plan Change | MI Benefit Consultants

Curious about when you should notify a participant about a change to their health care plan?The answer is that it depends!Notification must happen within one of three time frames: 60 days prior to the change, no later than 60 days after the change, or within 210 days after the end of the plan year.For modifications … Continued

799,182 Reasons to Buy Life Insurance | Michigan Benefit Advisors

A generation ago, unexpected loss of a loved one could be seen as an isolated situation. But today, a quick search of GoFundMe delivers a difficult reality check. Simply type “funerals” into the search field, and behold—799,182 results (on this particular day). Almost 800,000 tales of the sudden loss of a loved one, compounded by … Continued

Prescription Drug Discount Programs | MI Benefit Consultants

Did you know that you can save time and money on your prescription drugs by simply signing up for a discount card online? With savings as much as 80% off, these discount cards keep your health care costs down even when the prices of prescriptions are sharply rising.  At no cost to the patient, discount … Continued

The Rap on Wraps | Michigan Employee Benefit Advisors

There’s a good chance you use a wrap document to help satisfy your Employee Retirement Income Security Act (ERISA) summary plan description (SPD) obligations. Yet if you look for a definition of wrap document in ERISA statutes or regulations, you will not find one. The wrap is not a defined term or required document; it … Continued

Higher Satisfaction Through Higher Education | MI Benefit Advisors

When evaluating employee benefits, essentials such as health and dental plans, vacation time and 401(k) contributions quickly come to mind. Another benefit employers should consider involves subsidizing learning as well as ambitions. Grants and reimbursements toward advanced degrees and continuing education can be a smart investment for both employers and employees.Educational benefits are strongly linked … Continued