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121 Benefits will be closed Thursday, August 16th, 2018 beginning at 12:30 p.m. for a volunteer event

August 8th, 2018

121 Benefits will be closed Thursday, August 16th in the afternoon. Continue reading for more details on how this may affect you.

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IRS Releases 2019 Limits for HSAs

May 16th, 2018

The IRS released Revenue Procedure 2018-30 which provides the 2019 inflation-adjusted amounts for high deductible health plans (HDHPs) Health Savings Accounts. The amounts for HSAs for 2019 as compared to 2018 are as follows:

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IRS Announces Adjustment to 2018 HSA Family Contribution Limit- Back to $6900

May 9th, 2018

HSA Family Contribution Limit Increased Back to $6,900 On April 26, 2018 the IRS issued Revenue Procedure 2018–27, increasing the maximum allowable HSA contribution for family coverage back to $6,900.  As you might recall, the IRS previously announced on March 5, 2018, that there would be a decrease in the maximum contribution limit by $50 to $6,850. […]

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IRS Benefit Documentation for Cafeteria Plans. Are you compliant?

January 10th, 2018

Recently, the IRS conducted audits of employers to confirm that the proper documentation for written benefit plans existed in accordance with the Internal Revenue Code. Proper documentation is necessary to receive the tax benefits for providing health and welfare benefits to employees.   Below is a refresher on why compliance with this requirement is important […]

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Healthcare Reform Updates

August 10th, 2017

What is new in benefits? Well, maybe a lot and maybe not! We give you a rundown on the differences between the ACA and the proposed The Better Care Reconciliation Act (BCRA) plan.

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4 Tips to educate your employees about healthcare expenses

April 12th, 2017

Health benefits should be easy, after all, they are benefits. However, too often, they are confusing and poorly communicated to employees. A survey, conducted by Healthcare Trends Institute, provides important information on employee’s feelings related to their health plans, communication preferences, health plan costs, and employee financial and retirement preparedness. Here are 4 tips as […]

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Traditional or High-Deductible Health Plan with HSA

March 21st, 2017

Which plan is right for you? Given that health insurance costs keep climbing, it’s important to understand your options when considering which plan is right for you.  Make sure to carefully review  the details of your specific plan(s). The premiums, deductibles, out-pocket-maximums, and your employer’s HSA contribution are all factors to consider in choosing the […]

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Stand-Alone HRA’s Allowed for Qualified Small Employers

March 16th, 2017

The 21st Century Cures Act, was passed on December 13, 2016, which allows small employers to sponsor a stand-alone Health Reimbursement Account (HRA). A stand-alone HRA is a plan not paired with a group health insurance plan. This type of HRA known as a Qualified Small Employer Health Reimbursement Arrangements (QSEHRA), allows small employers to […]

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Put our experience to work for you

September 8th, 2016

Having been in the benefits industry for as long as we have, it’s not surprising that the folks at 121 Benefits know it through and through.

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