Supreme Court Blocks Biden’s Virus Mandate for Large Employers
UPDATE 1/13/2022: Today the Supreme Court blocked the Biden administration from enforcing a vaccine-or-testing mandate for large employers. The court however allowed a more modest mandate requiring health care workers at facilities receiving federal money to be vaccinated. The vote in the employer mandate case was 6 to 3, with liberal justices in dissent. The vote in…
IRS Issues Guidance About End of Employer Retention Tax Credit
The Employee Retention Tax Credit was created as part of the federal CARES Act in March of 2020 to provide certain employers suffering from severe pandemic-related economic effects with an employment tax credit to cover the wages and/or health insurance costs of eligible employees. The credit was supposed to expire at the end of 2020,…
Biden Administration Announces Details on the New Health Plan Prescription Drug and Medical Care Cost Reporting Requirements
One of the many requirements that the “No Surprises Act” portion of the Consolidation Appropriations Act of 2020 places on group health plan sponsors is a new obligation to report detailed prescription drug and medical care spending information to the federal government on an annual basis. The Biden Administration just released an Interim Final Rule addressing how to…
Combat Employee Turnover by Asking These 4 Questions
As the job market becomes ripe with new opportunities, the mass exodus of workers carries on: In April, the share of U.S. workers leaving their jobs was 2.7%, the highest level since the year 2000, according to the U.S. Department of Labor. Companies that want to maintain — and even grow — their workforces need to…
Top Tips for Benefit Renewals and Open Enrollment 2021 from Robert DeNinno
Robert DeNinno Jr., Principal of the Philadelphia based Precision Benefits Group penned his first article for the Philadelphia Business Journal as a member of the Philadelphia Business Journal Leadership Trust titled, Top benefit renewal and open enrollment tips for 2021. In the article, Rob provides numerous tips and tricks for handling your hectic benefit renewal and open…
Do New Executive Orders Create a Vaccine Mandate for Employees?
On September 9, 2021, the White House issued two Executive Orders* and announced additional forthcoming rules regarding COVID-19 safety requirements as part of its Path Out of the Pandemic Action Plan. The new emergency rule applies broadly to employers with 100 or more employees, federal employees, contractors and subcontractors, health care workers at Medicare and Medicaid participating…
Robert DeNinno Jr. invited to join Philadelphia Business Journal Leadership Trust
Philadelphia Business Journal Leadership Trust is an Invitation-Only Community for Top Business Decision Makers in Greater Philadelphia Philadelphia, PA (Sept 13, 2021) — Robert DeNinno Jr., Principal of Precision Benefits Group, has been invited to join Philadelphia Business Journal Leadership Trust, an exclusive community for influential business leaders, executives and entrepreneurs in Greater Philadelphia. Rob…
Robert DeNinno Jr. Featured in CNN Business Article on Employee Compensation Beyond Salary
Robert DeNinno Jr., Principal of the Philadelphia based Precision Benefits Group was quoted in the CNN Business article, entitled “You know your salary. But how much are you really making? Calculate your total compensation.” The piece written by Jeanne Sahadi discusses how employees can estimate their total compensation, including their employee benefits packages to provide a more…
Biden Administration Delays Aspects of the “No Surprises Act”
On Friday, August 20, 2021, the Biden Administration issued FAQ guidance delaying key aspects of upcoming health plan price transparency and disclosure requirements slated to impact employer group health plans, health insurance carriers, and providers in the year ahead. The Administration will not enforce critical compliance deadlines related to the final Transparency in Coverage regulations and the…
Should Employers Pay for Mandatory COVID-19 Testing?
More employers are requiring their workers to get vaccinated against the coronavirus or submit to regular COVID-19 testing, prompting questions about who pays for testing when workers refuse to get vaccinated. High transmission rates of the COVID-19 delta variant led many employers—including the federal government, some state governments and large companies—to revise their COVID-19 safety…
Robert DeNinno Jr. Featured in the Philadelphia Inquirer on Small Business Improvement
Robert DeNinno Jr., Principal of the Philadelphia based Precision Benefits Group was quoted in The Philadelphia Inquirer article, entitled “These little known health insurance options may save small employers big money.” The piece written by Gene Marks explores the ways small businesses can improve their bottom line and attract premier talent utilizing two plans, the Qualified Small Employer…
Top Employee Benefits Perks to Keep Your Employees Happy and Healthy
Holistic employee benefits that take care of an individual’s diverse set of needs have become critical during COVID-19. Employees are turning to their employers for support with challenges involving mental health, financial strain and childcare issues. Indeed, 58% of employers are offering their employees wellness benefits, according to data from the Society for Human Resource…
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