Quick Facts: The Affordable Care Act (ACA) requires health insurance issuers and employers that sponsor self-funded group health plans to pay Patient-Centered Outcomes Research Institute (PCORI) fees. Employers that sponsor fully insured health plans are not required to pay the fee directly, but employers sponsoring self-funded plans must pay the fee annually on IRS Form 720.
Many people have heard of or seen Kapnick Insurance in one way or another, but probably don’t know about our vast history. Take a look inside the history of Kapnick Insurance and how it all got started when Doug, Jim, and Mike sat down with WJR’s Business Biography’s host Jeff Sloan. Kapnick was founded in 1946 by Elmer Kapnick. He started the company out of necessity,
As leaders in the emerging cannabis industry, you are very familiar with evolving laws, rules, and regulations governing your choices. There are countless rules and regulations governing employee benefits plans, many of which are complex. At Kapnick, we take a holistic approach to our benefits consulting, providing you with the most effective
Wherever you’re located, you want on-the-ground, local experts to ensure you have the best access, resources, and insider knowledge. At Kapnick, we provide this. While Kapnick is the largest privately-owned insurance brokerage in Michigan, our reach extends far beyond our beautiful Great Lakes’ State’s borders. And if we don’t have direct, personal experience
The following is a case study based on real Kapnick clients about the poor employee engagement and low benefits enrollment a client was experiencing. THE PROBLEM A large property management group based in Michigan had full-time and part-time employees scattered throughout the US, primarily in Southern
Workers’ compensation represents less than 2% of U.S. medical spending, and thus was fundamentally ignored in the 2010 legislation that overhauled the nation’s health care system. Yet, the reform impacts and benefits workers’ compensation programs in two direct ways.
Enrolling, administering, filing, auditing, correcting, answering questions. Managing your employees’ benefits can be challenging, especially during busy seasons like open enrollment, or if you don’t have a fully staffed HR team. Kapnick can help expand your HR team without hiring additional employees. Kapnick’s online benefits platform allows our clients to significantly reduce administration costs, eliminate time-consuming paperwork, and enable a
As health care costs continue to rise, so has the value of employee benefits packages such as voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. Because of their cost efficiency and portability, voluntary benefits are becoming a central
A full year since the start of the “great resignation” employers are still struggling to retain and recruit, and employees continue to walk away from their employers in record numbers. A Prudential survey conducted toward the end of 2021 found that 46% of workers were actively seeking or considering finding a new job, and labor statistics backed those findings.
These recommended practices in this handbook provide responsible employers, workers, and worker representatives with a sound, flexible framework for addressing safety and health issues on diverse construction job sites. The emphasis of these practices is to provide a proactive approach to managing occupational safety and health.