Final Forms and Instructions for 2020 ACA Reporting Released
November 2, 2020The Internal Revenue Service (IRS) released final 2020 forms and instructions for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. [more]Health FSA Limit Will Remain the Same for 2021
November 2, 2020On Oct. 27, 2020, the IRS released Revenue Procedure 2020-45 (Rev. Proc. 20-45), which announced that the health FSA dollar limit on employee salary reduction contributions will remain at $2,750 for taxable years beginning in 2021. It also includes annual inflation-adjusted numbers for 2021 for a number of other tax provisions. [more]NJSBA 2020 Virtual Conference
October 29, 2020The 2020 New Jersey School Board Association Workshop was presented virtually this year, and Brown & Brown participated through live chats, videos, and downloadable documents on our Employee Benefit and Property & Casualty services. [more]2020 Key HSA Features
January 17, 2020High deductible health plans (HDHP) in conjunction with a health savings account (HSA) are increasing in popularity as more employees opt for this type of insurance plan and it’s all important tax advantage on the health savings account. [more]Benefits for Treatment of Eating Disorders – Can they be limited?
July 11, 2019Recent legislation and agency guidance has emphasized that eating disorders are a mental health condition, therefore, the treatment of an eating disorder is a mental health benefit. Coverage for eating disorders must be consistent with the federal mental health parity requirements. If your health plan is subject to the Mental Health Parity and Addiction Equity Act (MHPAEA), it must provide consistency between medical/surgical benefits and eating disorder benefits as it pertains to annual or lifetime limits, financial requirements, and quantitative and non-quantitative treatment limitations. [more]Brown & Brown Team Leaders Hike to the Summit of Mt. Shasta
June 26, 2019Lou Della Penna, Jr., President of Brown & Brown Benefit Advisors along with David Palmer from the Brown & Brown NE Trails Team and Brian Crowley of Brown & Brown Insurance Brokers of Sacramento hiked to the summit of Mt. Shasta on Friday, June 21st. [more]Brown & Brown Benefit Advisors Sponsors Golf for Rob Event
June 17, 2019Brown & Brown Benefit Advisors was a sponsor, and participant, at the Golf for Rob event on Friday, June 7th at the Ramblewood Country Club in Mount Laurel, New Jersey. It is the annual signature event of BBBA’s Senior Account Specialist Ashley Stoffel and her family’s organization. [more]Q & A with B&B: If a fraudulent claim is submitted under COBRA, can the coverage be terminated for the qualified beneficiary?
June 14, 2019Should a qualified beneficiary submit a fraudulent claim you may terminate coverage, however, the following three requirements need to be met in order to do so. [more]NJ Health Insurance Mandate – Information for Employers
May 6, 2019Starting with Tax Year 2019, the New Jersey Legislature requires third-party reporting to verify health coverage information provided by individual taxpayers. That means employers must provide New Jersey taxpayers and the State with the same 1094 and 1095 health-care coverage information they sent to the IRS in Tax Year 2018. Employers will file health coverage forms through New Jersey’s system for filing of W-2 forms. Companies must file 2019 coverage information electronically by February 15, 2020. We will post instructions on this website in mid-2019. [more]Holistic Employee Benefit Plans Offer Long-term Value (workforce.com)
January 22, 2019In today’s health care environment, holistic programs are especially vital. Employees who are both mentally and physically healthy are more productive. [more]
