29 June 2016 In Blog style

BBQ3016It's summertime, and millions of Americans will be enjoying some of the tastes of the season this year by firing up the grill. However, whether due to inattention or inexperience, many of these outdoor cooking plans will quite literally go up in smoke.

Grilling accidents are among the more common causes of household fires that take place each year in the United States. According to the National Fire Protection Association, an estimated 8,900 home fires occur annually, stemming from the use of grills, hibachis and barbecues.

These incidents can also lead to serious burns, frequently requiring medical attention. In 2014, as an example, approximately 16,600 people had to be sent to emergency rooms due to injuries involving grills, based on NFPA's data. And while Americans grill year-round, most fires happen between May and August.

With the proper preparation and understanding of how to grill safely, however, these accidents can remain isolated incidents. The NFPA and U.S. Fire Administration have tons of tips on the best practices for safe grilling. These four are perhaps the most important of them all.

24 June 2016 In Blog style

The ACA requires employers to provide employees with a written notice informing them about the Marketplaces where they can obtain individual health coverage.

The notice requirements were originally effective on October 1, 2013, but it is often overlooked that new employees must be given the notice within 14 days of their date of hire.

Open Enrollment in the Marketplace for 2017 runs from November 1, 2016 to January 31, 2017.  It is also advisable to provide all current employees with the notice prior to open enrollment every year so they are reminded of the eligibility requirements to receive a discount on their health insurance.

The notice is very important because it helps clarify whether the employee will be eligible for Marketplace subsidies - eligibility for subsidies depends on whether the health plan meets certain standards related to coverage and affordability.  The concern is that employees are accepting the subsidies from the Marketplace even though they are not eligible, and eventually the employee will need to refund the money.  The annual notice will serve as an important reminder about the eligibility for subsidies.

Marketplace Exchange Notice

Barry E. Fields
Vice President, Employee Benefits
JGS Insurance
960 Holmdel Road, Bldg. 1
Holmdel, NJ 07733

JGS is a full service Employee Benefits and Property/Casualty consulting firm

13 June 2016 In Blog style

JGS ACAreportingWorkbook

It feels like we just finished working on the 2015 ACA reporting, but it’s time to start preparing for the 2016 filing.  We can’t rely on the regulations going away, and the accuracy of the 2016 reporting will be critical because simply making a “good faith effort” will no longer be good enough to avoid significant IRS penalties.  Also, vendors will be increasing their pricing later in the year and will impose deadlines for taking on new or renewing clients.

Do you have a plan for reporting information about the health coverage you offered in 2016?
Beginning in 2016, the Affordable Care Act (ACA) required many employers to fulfill complicated reporting requirements regarding the health coverage they offered. Our Section 6056 Reporting Workbook will guide you through each step of the reporting process to help you track the information you need to be in compliance.

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