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Benefit Enhancements OTC Pre-Tax Reimbursement Over-the-Counter Prescriptions (OTC) no longer need a physician’s prescription. This applies to Flexible Spending plans (FSA) or Health Saving Accounts (HSA). It can be retroactively applied on 1/1/2020. Adopting this will require adjustments to your Section 125 plan documents. If you are not familiar with a Section 125 document (they …

Continue reading “How Does the CARES Act Enhances My Benefits?”

Coronavirus Aid, Relief, and Economic Security (CARES) Act How does this law help my business? Expert Summary from the VantagePoint Team: While all the details are not out yet, we wanted to get this in your hands as soon as possible. Here is a summary of the programs

What is the impact on employee contributions, unemployment and employer obligation to pay? Insider Pro-Tips from the VantagePoint Team: Employee Contributions: Q:) If employee contributions are taken from pay to cover a portion of insurance premiums plans, how will this money be collected

Amid all the uncertainty surrounding COVID-19, VantagePoint Benefit Administrators wants you to know that we are here for you. Our offices are open, working remotely, but fully functional and available to help you and your employees navigate through these unprecedented times.

How does it affect benefit eligibility? Even though the words furlough, layoff, and reduction in force are used interchangeably, their true meanings are quite different. Be prepared to answer employee questions, or amend your plans, before making an announcement about unpaid time off. Furlough Furlough requires employees to work fewer hours or take a certain …

Continue reading “Furlough, Layoff and Reduction in Force? What’s my best option?”

The economic impact of the coronavirus epidemic it’s starting to show its consequences on the HR and benefits landscape, small-businesses being the ones affected the most these days. But the impact can be seen throughout the global economy, more and more businesses are joining together to come up with ways of sustaining the business environment. …

Continue reading “Coronavirus (COVID-19) – Changing the HR and Benefits Landscape”

Common Challenges for a Small Business It is a challenge to know which benefits plans are required for a small business and what benefits employees actually expect. Adding to the challenge, states have different requirements that are mandatory for employers of different sizes. Small businesses should work with a professional organization that can help them …

Continue reading “Small Business Employee Benefits – All You Need to Know”

Recently, a lot has changed for small businesses, including how the onboarding process will unfold given remote and hybrid work, but also all the workplace safety procedures, dictated by the pandemic. Remote Work During the Pandemic Remote work has become a reality that will continue to be an important part of the way we work, …

Continue reading “New Employee Onboarding Process”

Most employers are in the middle of their re-enrollment period right now, one of the busiest times of the year for HR departments. It is important to understand what other companies are offering in the competition for talent in order to help you recruit and retain the best. In this article, you’ll find the most …

Continue reading “Employee Benefits Trends for 2020”