Ask the Experts: Executive-Only Medical Plans | PA Employee Benefits Agency

Question: Our company offers group medical and dental plans for all employees. We also have an executive-only medical plan that covers out-of-pocket expenses that the regular group plan does not pay. Does COBRA apply to the executive-only plan? Do we have to include it in our summary plan description (SPD)?Answer: The coverage continuation requirements of the Consolidated … Continued

Connecting Agility, Culture and Change Management | PA Benefits Advisors

Every company wants to lead their industry, and doing so means remaining competitive.  With the rate of speed the world experiences change in this age that is a very difficult proposition.  For an HR professional, it is increasingly more difficult to stay ahead of the curve.So, what are the critical pieces to the strategy?AgilityChange ManagementCultureKnowing … Continued

Ask the Experts: Taxability of Reimbursements for Mileage | Pennsylvania Benefits Team

Question: Are amounts an employer reimburses employees for mileage taxable?Answer: They may be; the type of reimbursement plan will dictate whether reimbursement for business travel is or is not taxable. Both accountable plans and non-accountable plans allow an employer to reimburse employees for their business expenses.With an accountable plan, the reimbursement is not taxable to … Continued

IRS Announces HSA Limits for 2020 | PA Benefits Agency

On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses.To be eligible for an HSA, an employee:Must be covered by a … Continued

Spring Clean Your Life | PA Employee Benefits

The winter doldrums have left most of the country and we are witnessing the arrival of spring. Just like the budding trees and baby animals signify a new start, so does a fresh cleaning of your home. But don’t let the spring cleaning stop with the physical place where you live—extend it to all corners … Continued

Insuring the Times of Your Life | PA Benefits Agency

Preston Newby was a youth minister. He and his wife, Tara, were driving with their son to visit family—excited to announce a new baby on the way. In the keeping with the kind of person Preston was, he stopped to help at the scene of an accident. That’s when he was struck by another car … Continued

Is it Time for Unlimited Time off? | PA Employee Benefits Advisors UBA

While more and more perks — catered lunches, on-site gyms, immunizations programs — are about employee health, wellness, and happiness, they ultimately are also designed to keep workers at work. A recent article in Quartz at Work points out that more than anything, employees want more time off and out of the office. Unlimited time off, to … Continued

Who Can I Name as a Beneficiary on My Life Insurance Policy? | PA Benefits Advisors

First off, great job on buying life insurance! You took an important step by protecting the ones you love.Every life insurance policy requires you to name a beneficiary. A life insurance beneficiary is typically the person or people who get the payout on your life insurance policy after you die; it may also be a … Continued

Hot Trends in HR | PA Employee Benefits Agency

2019 has ushered in many new trends such as retro cartoon character timepieces, meatless hamburgers, and 5G networks to name a few. Not surprisingly, trend-watching doesn’t stop with pop culture, fashion, and technology. Your company’s human resources department should also take notice of the top changes in the marketplace, so they are poised to attract … Continued

Spring into Fitness with These 5 Simple Tips! | Pennsylvania Benefits Agency

Spring is here! That means it’s time to ditch those Winter layers, and even that excess Winter weight. No matter what your current fitness level, Spring is a great time to refocus your habits and spruce up your routine.Get a Check Up or a PhysicalBefore starting any new fitness regimen, it’s a good idea to … Continued

 

Megro Benefits Company

Two Radnor Corporate Center
Suite 110
Radnor, PA 19087
610-567-0175
800-527-3615

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