The ACA reporting requirements for 2015 have been delayed for paper and electronic filers. Under ACA requirements, large employers with more than 50 full time employees or equivalents must file IRS Forms 1094-C and 1095-C with the IRS. The forms must also be distributed to employees containing the detailed health insurance coverage for each month […]
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How the average employee sees health insurance
Like most employees, I chose my health insurance plan based on just a few things – the premium, the co-pays and the deductible. I didn’t research to find out if my primary care doctor was on my plan. I didn’t research what would happen if I broke my arm. I just expected that if I […]
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ADP’s Total Source PEO Helps Put the Pieces Together (Infographic)
Professional Employer Organizations (PEOs) like ADP’s Total Source can help you piece together all of the complex and necessary activities in running your business successfully. From lowered rates on group health insurance to simplifying all of your employee management operations, PEOs are a great way to streamline your business. ADP is known for its expertise […]
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Successful We are HR Software Webinar
Faison Group had its first We are HR Software Webinar yesterday and it was a complete success! The demonstration took participants through our free HR software platform. Features include benefits administration and enrollment, ready-to-go employee communications, an online employee bulletin board, holiday and event notices, HR forms management and much more. Employees can log into […]
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Unlimited Dental Coverage is Here!
As implants are becoming a common treatment for preserving bone structure and replacing unhealthy teeth, the traditional annual max amounts that usually apply to dental insurance are falling short of the market needs. One major health insurance carrier is now offering an extended annual max to help meet this market trend. Members in essence will […]
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Community Rating Simplified
As an insurance broker in both Florida and Virginia, we have a vested interest in monitoring legal changes affecting the way group health insurance premiums are set. To fully understand what effect community rating will have on your group health insurance rates, you must first understand how premiums are determined by health insurance carriers. In […]
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Why choose a PEO (Professional Employer Organization)?
First you might be asking yourself what is a PEO? Also known as a Professional Employer Organization or Professional Employment Organization, a PEO is a service that allows employers to outsource their human resources tasks. The top reasons your company might choose a PEO is for payroll administration, employee benefits (especially health insurance), workers’ compensation […]
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Faison Group made preferred partner by ADP TotalSource
Faison Group has become one of only two preferred ADP TotalSource Providers in South Florida. We have always brokered ADP’s Workforce Now product, but are proud to partner with ADP to offer even more to our customers. ADP TotalSource human capital management services handle HR administration and employee benefits while you focus on building your […]
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Why a local insurance broker is a better broker.
If you’ve been considering a move to Zenefits, you may want to ask yourself what you expect from your insurance broker. Are you looking for a trusted advisor that provides a high level of service that can help you choose employee benefits that make sense for your business? Are you looking for individualized claim support, […]
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Double Digit Increases are Expected in 2016
The Affordable Care Act (ACA) has reformed the rating practices of health insurance carriers in the individual and small group markets by limiting the factors that can affect premium rates. So what does that mean for your small group health insurance premiums? Most likely double digit increases. Small businesses with employee populations that are mostly […]