Every October, we celebrate Health Literacy Month to highlight the important role health literacy plays in improving health for people in the United States.
Broad Reach Benefits, an Alera Group Company
Insurance
Parsippany, NJ 167 followers
Real People. Real Relationships. Unreal results.
About us
We are Employee Benefit Advisors. Solving your problems and overseeing your employee benefits is our core focus. Our highly experienced team possesses a breadth and depth of knowledge that distinguishes us in the employee benefits industry. We’ll provide you with complete oversight of your employee benefit plans including consulting, actuarial and underwriting expertise, compliance advice and tools, access to diversified domestic and international products and cutting-edge benefits and HR technology. We embed ourselves within your organization. We will understand your specific situation and we have your back. Above all, our interests are aligned with yours. We'll provide the oversight and management to help you control your healthcare costs using effective strategies that larger companies have used for years. We provide you with administrative support, fanatical customer service and cutting-edge yet user-friendly technology to significantly reduce the amount of time you spend administering the benefits. You'll be sure your company is in compliance, therefore, avoiding unnecessary fines and legal hassles. And you'll have employees that understand and appreciate the benefits you provide. Broad Reach Benefits has been helping employers with their employee benefits since 1991. We have a solid record of success working with companies in over twenty states from New York to California.
- Website
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http://www.BroadReachBenefits.com
External link for Broad Reach Benefits, an Alera Group Company
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Parsippany, NJ
- Type
- Privately Held
- Founded
- 1991
- Specialties
- Employee Benefits, Medical, Self Insurance, disability, 5500, Health Care Reform, Executive Reimbursement Plans, Underwriting, Compliance, Online Enrollment, Life Insurance, Long Term Care, Executive Carve-out Plans, Supplemental Benefits, and Health Care Exchanges
Locations
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Primary
Get directions
4 Century Drive
Suite 360
Parsippany, NJ 07054, US
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Get directions
158 Cavalry Drive
Franklin, TN 37064, US
Employees at Broad Reach Benefits, an Alera Group Company
Updates
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Employee assistance programs (EAPs) are work-based intervention programs that connect employees with resources to identify and address personal problems. EAPs providing medical care are considered group health plans that must comply with various legal requirements, such as #ERISA, #COBRA, #HIPAA and the #ACA. https://lnkd.in/gTTMTbNR
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This month’s #HR Brief video highlights how the USCIS recently extended the Form I-9 expiration date. It also highlights how the federal district court blocks the FTC’s noncompete ban.
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Employers have the opportunity to educate their workforce regarding how they can effectively choose and utilize their healthcare coverage, a study conducted by Optavise said. The benefits solutions firm released its 2023 Healthcare Literacy Report which says that employers miss out on opportunities such as cost reduction when they do not improve their efforts in benefits education. https://lnkd.in/gaMk2CuW
Do employees understand their benefits?
hrdive.com
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With core inflation in the U.S. hovering around 3%, the smaller pay increases employers offer workers this year may still outpace inflation. https://lnkd.in/ecuaDciW
71% of CFOs Plan to Raise Average Pay More Than 4%: Report
cfo.com
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The #IRS has announced the affordability percentage that will apply under the #ACA’s pay-or-play rules for plan years beginning in 2025. This increase may give employers more flexibility when setting employee contribution levels for 2025. https://lnkd.in/eZE9bsdY
Pay-or-Play Affordability Percentage Will Increase for 2025 - Employee Benefits Broker
https://broadreachbenefits.com
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Even many veteran #HR pros will admit that they are occasionally stumped by the intricacies of the Family and Medical Leave Act (#FMLA). Case in point: the “key employee” exception. Understanding when to employ this rarely-used exception can help you reinforce the idea that HR can be a strategic business partner. https://lnkd.in/eKh6XKxM #MedicalLeaveAct
What is a ‘Key Employee’ Under FMLA & Why You Should Care
hrmorning.com
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Today, most leaders agree generative AI will #benefit their organizations, and early research shows that AI adoption has been broad and swift across different sectors of the economy. In one new study, for example, 76% of organizations said that they were already using #AI in some capacity and this number is expected to grow. https://lnkd.in/dnHtCSh2 #CFO #healthcarebenefits #benefits2025
AI benefits may take time; CFOs should still push for investment
cfo.com
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The IRS issued Notice 2024-63, providing interim guidance for sponsors of 401(k) and similar retirement plans that provide or wish to provide matching contributions based on qualified student loan payments made by their participating employees. https://lnkd.in/eERPieur
IRS Implementation Guidance on Qualified Student Loan Payment Match Programs - Employee Benefits Broker
https://broadreachbenefits.com
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The Department of Health and Human Services (#HHS) has issued final regulations that include the agency's annual inflation adjustments to civil money penalties assessed for HHS-administered provisions, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The final regulations, which are effective August 8, 2024, include updated penalties for certain violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). https://lnkd.in/eu3ZCJwz
Increased Civil Penalty Amounts for SBC, MSP, HIPAA Violations - Employee Benefits Broker
https://broadreachbenefits.com