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Updating a buy sell agreement

Ah Spring…. Flowers blooming, warmer weather, and the feeling of renewal and rejuvenation.  It also brings everyone’s favorite pastime…”spring cleaning”!  I know, I know, cleaning out the garage and straightening up the attic is not the most exciting way to spend a Saturday.  All jokes aside though, Spring is an energizing time of the year …

Carey’s love for Georgia Tech was felt prior to his arrival at the Techwood Dorm in the. Fall of 1964.    While at Tech, Carey served as President of his fraternity, Pi Kappa Alpha and of the Student Government Association.  While President of the Student Government Association, Carey was instrumental in the building of the Student Athletic …

Has major healthcare insurance disruption just been launched? Only the future will answer that question, yet the recent announcement by Amazon, JP Morgan and Berkshire Hathaway creates a financial juggernaut with a proven ability to execute. Disruption in business is defined by Webster’s as “to break apart” or “radically change an industry or business strategy.” What …

I-85 Commute Alternatives

The closure of I-85 for an indefinite period of time presents many employers with a significant business issue. The Benefit Company is pleased to offer your organization resources to help you navigate the anticipated traffic delays and congestion.  These resources could help mitigate the impact of the I-85 Bridge Collapse on your organization and employees. Federal tax …

Human Resources News

In This Issue: Legal Updates & Reminders The EEOC has reported that for FY2016, there were 91,503 charges of discrimination filed. The top 3 types didn’t change from FY2015: Retaliation (45.9% of all charges); Race (35.3%); Disability (30.7%). For the first time, the EEOC also included detailed information about LGBT charges, resolving 1,650 cases and …

National Association of Health Underwriters, (NAHU), 2017 Capitol Conference

Carey Brown, Founder and Principal of The Benefit Company, traveled from Atlanta to Washington D.C. to participate in the National Association of Health Underwriters, (NAHU), 2017 Capitol Conference. Below is a brief update and review of his visit with legislators and National Employee Benefit leaders. On February the 11th thru the 15th, I attended the …

Benefit Flash

Contribution & Benefit Limits 2016 Limit 2017 Limit Section 401(k), 403(b), or 457(b) annual deferral $18,000 $18,000 SIMPLE plan annual deferral $12,500 $12,500 Section 415 maximums Annual benefit from defined $210,000 $210,000 benefit plan Annual additions to defined contribution plan $53,000 $54,000 Maximum IRA contribution $5,500 $5,500 Catch-up contribution limits Retirement plan $6,000 $6,000 SIMPLE plan …

Benefit Flash

Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the required minimum essential coverage, (2) individuals who request premium …

Marketplace Notices ACA Fines

As we have previously noted, many employers, including several of our clients,  have received “marketplace notices” from the Department of Health & Human Services (HHS) informing them that one or more of their employees signed up for health coverage through the Federally-Facilitated Marketplace for 2016 and are receiving a tax credit or subsidy in doing …

alternative to epipen

Adrenaclick, also referred to as an “epinephrine auto-injector” is a good alternative. Employees and family members who use “EpiPens” (allergic reaction, auto-injector syringe filled with an inexpensive drug called epinephrine) may have seen in the news recently that the cost for this device/prescription has increased dramatically – even catching the eyes of congress and regulators. …