Search the Community
Showing results for tags 'group health'.
Found 2 results
-
I have a client that offers group health insurance to its employees. The employer contributes up to $500 per month toward the cost of the benefit for each eligible employee. One employee does not enroll in the group health plan because he is covered by his wife's group health plan through her employer. The employer has decided they want to pay this employee the $500 benefit that he is "missing out on." The employee and employer insist that this should be considered a non-taxable health insurance reimbursement. Their argument is that all the other employees receive the $500 employer paid benefit non-taxable. From everything I have read, that is wrong and it is considered cash in lieu and is taxable to the employee on his W-2. Can anyone provide me with an authoritative source (IRS Notice, etc.) that addresses this and states that is should be taxable income to the employee (assuming I am correct)? Thanks in advance! -
I work for a company with about 220 (benefit eligible) employees. We currently work with a broker to support our benefits strategy and marketing throughout the year. Last year (after a large premium increase on our medical plan) we decided to carve out the commissions from the premiums and pay our broker a flat fee for their services. Over the past year, we have been cutting costs significantly across the company and we have now begun looking at this cost. In addition to negotiating the fee, I have also been asked to look into the possibility of moving forward without the services of a broker. Does anyone have any experience with this? Or know of any companies doing everything in-house and working directly with carriers? Our HR team consists of 5 people, myself being the only one with benefits experience. It is noted that bringing this service in-house may require additional headcount, however, my thought is we could not obtain the experience and time commitment we need for less than the fee we currently pay the broker. Any help is appreciated!
