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…
What is Driving Up Health Care Costs?
As inflation takes hold, employers will need to revise how they budget for both compensation and benefits. Planning for employee health care costs poses particular challenges, given that the annual increase in health benefits costs routinely outpaces general inflation, as medical services are subject to unique cost factors. Who Pays as Prices Rise? Higher prices…
IRS Announces New Guidance on Paid Sick and FMLA Tax Credits
The Internal Revenue Service (IRS) recently issued new guidance for employers about the FMLA tax credits created by the Families First Coronavirus Response Act (FFCRA) and then expanded by the American Rescue Plan Act (ARPA). Qualified employers can use these tax credits to pay for the salaries and group health insurance coverage of employees who are out…
PCORI Fees Deadline for Group Clients is August 2
PCORI Fees Due Date Payment of the Patient-Centered Outcomes Research Institute (PCORI) fee is due on August 2, 2021! While there’s still plenty of time left to meet the deadline, brokers should make sure all employer group clients who might need to pay their PCORI fees on their own are getting their documentation ready now. The PCORI fee…
Biden Administration Regulatory Action Has Impact on All Health Plans
A new regulation from the Centers for Medicare and Medicaid Services (CMS) includes some important provisions that will affect private health insurance coverage including: (1) the 2022 maximum out-of-pocket limits for all private health plan options; (2) a change to the annual premium adjustment formula that could impact the employer coverage “affordability test”; and (3) clarification that…