Your property is where the magic of your business happens. So protecting it against loss and damage is a no-brainer. The right insurance package can prevent a serious loss or even your organization from going out of business.
To make sure you have the right coverage, we conduct a comprehensive review of every aspect of your operation. Our team looks at your key processes, procedures, documents and contracts in order to provide an analysis that matches areas of exposure with strategies for mitigation. We also measure your risk tolerance and how that impacts the coverage you need. You will have a complete and cost-effective plan that helps protect your business and allows you to focus on your goals — not your insurance.
The IRS recently released final 2020 Forms 1094-C and 1095-C and applicable instructions ahead of Affordable Care Act (ACA) reporting for 2020. As a reminder, applicable large employers (“ALEs”) must furnish Form 1095-C to full-time employees and file Form 1094-C and all 1095-Cs with the IRS. ALEs offering a self-insured group health plan must also furnish Forms 1095-C to covered employees or other primary insured individuals in the self-funded health plan (e.g., COBRA qualified beneficiaries). Additionally, due to the COVID-19 pandemic and challenges to business operations, ALEs may have variations to their reporting for 2020 due to furloughs and/or layoffs.
No one understands better than the person who administers benefits about the difficulty of open enrollment season. It was hard enough ambushing employees in the workplace to remind them that they need to submit their packets. Let’s not even talk about the headache of creating multiple schedules so that employees can take physical breaks from work and listen to benefits presentations. Now, administrators must figure out the best way to get the packet to the eligible employees in the first place.