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On Monday, November 15, President Biden signed the Infrastructure Investment and Jobs Act, the bipartisan infrastructure bill, into law. This legislation contains $550 billion in new spending including funding for roads and bridges, railroads, improvements to the power grid, broadband expansion, water infrastructure, public transit, and airports. There were few significant tax implications included in the bill except for a provision that terminates the Employee Retention Credit (ERC) after September 30, 2021.
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Greg Pope, managing partner at EY's Louisville office,speaks about changes to their benefits, including adding mental health offerings at no cost to employees. He also shares how they evaluate their benefits, exploring new employee benefits and more. Briana Whittle, senior HR generalist at Strothman and Company in Louisville, speaks about their newest employee benefits and what everyone should be considering when evaluating employee benefits, including attracting and retaining talented employees.
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Health insurers such as Anthem and Humana must comply with MLR (Medical Loss Ratio) rules set forth by the ACA. The MRL rules require insurers to spend 80-85% of premium dollars on medical care and healthcare quality improvement, rather than administration costs. If your firm, or your client, receives a MLR rebate there are specific rules regarding distribution.
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Our benefit broker, Lane Hettich, summarized a list of FAQs around vaccination status and benefit plan design strategies. Helpful information for anyone crafting company policies.
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“I have learned so much about leadership, presentation skills, and professionalism during my volunteer time; it has served me well and will continue to serve me in the future.”
—Elizabeth Rankin, CPA, owner of ANEW 401K TPA, LLC | Member since 1998
