This month’s ACA Compliance Bulletin reviews the amended American Health Care Act (ACHA) that was passed by the House Republicans and its impact on employers. Read more here: I–Content Development-_LEGAL CONTENT-Content-ACA-ACA_BBBE-148865 House Republicans Pass Amended AHCA 5-4-17
Valdosta, GA – Earlier this month, Allstate Benefits awarded William Hall with the 2016 Allstate Benefits Top Producing Producer for the Southeast Territory.
William has been serving clients in South Georgia for over 20 years. As Vice President of Sales, he is an integral part of the Taylor Insurance Services team and always has the client in mind when putting together a benefits program.
“We are extremely proud of William and his commitment to integrity and quality customer service can be seen everyday,” explained Trey Taylor, CEO and President of Taylor Insurance Services.
Taylor Insurance Services partners with voluntary and supplemental insurance carriers like Allstate Benefits to help bring their clients the best options for their employees and business. Offering a robust employee benefits program can help you recruit and retain top notch employees.
“Allstate Benefits has always provided us with cost effective options and rates. We appreciate their knowledge of the region and for being a great partner over the years, “ said Trey Taylor.
To learn more about our full SPECTRUM of employee benefit solutions for your business http://www.taylorinsuranceservices.com/
This month’s ACA Compliance Bulletin outlines the new Summary of Benefits and Coverage template and glossary of terms. 137340 New SBC Template Required for 2017 2-9-17
Valdosta, GA – Taylor Insurance Services is pleased to announce its new benefits specialist, Emily Higgs. Emily joined the Taylor Insurance team in March and comes to Taylor Insurance with three years of sales and customer services experience.
“With the addition of Higgs, Taylor Insurance is excited to broaden its reach in South Georgia and continue to provide a full SPECTRUM of employee benefits solutions and top-notch customer service to our new and established clients,” explained Trey Taylor, CEO and President of Taylor Insurance Services.
Emily will be an extension of our team to provide employee benefits support and solutions to businesses in Douglas and the surrounding areas.
“I wanted to combine my love for customer service and helping people. And, as a benefits specialist I am able to connect with people and provide them (and their employees) with services that are beneficial to everyone,” said Emily Higgs.
Emily is a graduate of Wiregrass Technical College and a native of Douglas, Georgia. In her free time, she enjoys attending concerts, singing and spending time with her daughter.
For more information on our team and employee benefits solutions, visit www.TaylorInsuranceServices.com
About Taylor Insurance Services
Taylor Insurance Services is a locally owned third generation Employee Benefits Consulting and Brokerage firm headquartered in Valdosta, Georgia. Established in 1968, we are an industry leader in employee benefits for 50 years with clients across 39 states and relationships of over 18 years. We proudly provide a full SPECTRUM of solutions for employers seeking to provide their employees with high-impact, high-quality, high-value products and services that surpass industry standards. Taylor Insurance Services is the recipient of the 2016 Small Business of the Year Award from the Valdosta-Lowndes County Chamber of Commerce.
An employer’s size, or number of employees, is a key factor in determining which federal labor laws the employer must comply with. Some federal labor laws, such as the Equal Pay Act, apply to all employers, regardless of size. However, other laws, such as the Family and Medical Leave Act, only apply to employers that reach a certain employee count.
Check out this great compliance overview document on Federal Employment Laws by Employer Size.
This ACA Compliance Bulletin provides an overview of the potential impact on employers and individuals from the two bills to repeal and replace the Affordable Care Act (ACA). House Committees Release ACA Replacement Bills 3-7-17
This Compliance Bulletin reviews Trump’s directive to the DOL to examine the final rule to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice and an overview of the fiduciary rule. 141582 Trump Directs DOL to Reconsider Fiduciary Rule
February 28, 2017 – VALDOSTA – New administrations bring new challenges to the professional realm, and the Trump administration is no exception. Many of the former administration’s health care initiatives are being rolled back or halted. This leaves employers in an uncertain place in regard to compliance regulations and reform laws. This uncertainty comes in addition to the already complicated day-to-day tasks of an organization, leaving many feeling vulnerable.
The following are five important issues that should be closely monitored in 2017:
- Unraveling of the ACA and Ensuring Employees are Educated Health Care Consumers: A new administration is now in office and President Donald Trump is vowing to repeal the Affordable Care Act (ACA). The first wave of this dismantling came in an executive order that directs federal agencies to waive, delay or grant exemptions from ACA requirements that may impose a financial burden. Other measures are promised to come later in the year, and experts agree that the “wait and see” approach is best for employers until a clear directive is issued. This means employers should focus their energy on increasing employee health care knowledge in order to make employees more educated consumers. Health care consumerism will likely only increase under this administration, so focusing on employee education is a must.
- Employee Retention and Engagement: Employee retention and engagement is more difficult now than ever. With millennials projected to make up the dominant demographic of the workforce by 2020, employers need to rethink their company culture. To underscore the importance of fresh retention ideas, 44 percent of millennials say they would quit their jobs within two years if given the chance. Sixty percent say they wish to leave their current jobs by 2020. Now is the time to consider new retention and engagement initiatives.
- Paid Family and Medical Leave: Paid family and medical leave is an important and enticing package for employees. In the United States, over 88 percent of private sector employees do not have paid leave options, according to the Department of Labor (DOL). And of the few that do have access, over 33 percent believe taking leave would put their jobs at risk. States like California, New Jersey and Rhode Island all have paid leave laws in place, with other states working on their own legislation. This staggering gap in benefit offerings makes paid leave packages especially appealing for younger workers.
- EEO-1 Form Update: The Equal Employment Opportunity Commission (EEOC) has formally adopted modifications to the Employer Information Report (EEO-1), effective March 31, 2018. Beginning at this time, employers will need to report their total number of workers, their gender and race, their pay grade and job classification. The EEOC says this will help it more effectively investigate discrimination claims and pay disparities. In order to prepare for this new requirement, employers should begin compiling this information in 2017.
- I-9 and E-verify Updates: The latest version of the I-9 form is now effective, as of Jan. 22, 2017. This means that employers must use the latest version for all new employees or face steep penalties. The form is not required for existing employees. The main changes include marking “N/A” in fields that would previously be left blank, verifying employment for individuals in person (not remotely via a webcam, for instance) and using a large blank field to leave notes instead of putting them in the margins.
As history shows, when there’s an administration change, employee benefits change as well. There will certainly be new legislation in the coming months, as promised by President Trump. HR needs to lead the way in communication and make adjustments to adhere to any new requirements.
The aforementioned issues describe only a handful of the new HR changes that are forecasted in 2017.
This ACA Compliance Bulletin provides an overview of how repealing the ACA could affect employer sponsored health plans. How Repealing the ACA Could Affect Employer-sponsored Health Plans 2-2-17
VALDOSTA, GA – January 25, 2017 – Today Taylor Insurance Services donated $1,000 to Second Harvest of South Georgia to help with disaster relief efforts of the most recent storms that have affected our communities. Eliza McCall, Second Harvest of South Georgia’s Chief Marketing Officer, accepted the donation from Trey Taylor, CEO and president of Taylor Insurance Services.
“Several of our clients and their employees are our neighbors or know someone that has been affected by the storms,” explained Trey. “Our values drive us to always go the extra mile. And, we wanted to do our part in making sure families get fed during this trying time.”
“We are extremely appreciative of Taylor Insurance’s donation,” stated Eliza. “For every $1 we receive, we can distribute at least 4 pounds of food to those in need in our community. It’s business partners like Taylor Insurance that make our work possible.”
Hands-on volunteering, physical donations and monetary donations are all needed in the aftermath of the storms to help the communities in South Georgia. Second Harvest of South Georgia is one of many organizations helping with this effort. If you would like to help please go to www.feedingsga.org/give to see how you can support the effort.