Alpha e-News Update

February 2016
 
The Alpha Group Agency
4200 Rockside Road, Suite 300
Independence, Ohio 44131
216-520-3300
Employee Benefits
Summary of the 2015 Employer Health Benefits Annual Summary

This article briefly summarizes some of the main takeaways from the 2015 survey of employer-sponsored health benefits from the Kaiser Family Foundation and the Health Research & Educational Trust (Kaiser/HRET). View Article 
 
Wellness Trends
Live Well, Work Well 
live well work well   
Please download & print or email this month's LIVE WELL, WORK WELL Newsletter for your employees! 

The Live Well, Work Well Newsletter is an employee newsletter that is produced monthly and covers topics like health, wellness, fitness, nutrition and personal finances. This month's issue includes information on tanning beds, the importance of good posture, how to prevent foodborne illness and a fudgy fruit recipe.
 
Health Fair Guide
 
This Workplace Wellness guide provides a detailed timeline for planning your event, sample wellness fair activities, and more to help you plan a successful health fair. View Article
 
 
Human Resources
helpful tips - cropped
HR Brief: Human Resources Tips 

This month's HR Brief gives an overview of recent guidance issued on conducting internal Form I-9 audits and on advising employees on 401(k) loans. It also advises employers about the new filing deadlines for certain information returns beginning with the 2016 reporting year, including the Form W-2. View Article 
Financial
What's the Difference?        
401(k) vs. Roth 401(k)
 
Traditional 401(k) plans and Roth 401(k) plans are both employer-sponsored retirement plans designed to assist employees in saving money for retirement. Read here to learn the differences. 
 
 
Due to the delay of the ACA reporting deadlines, some individuals may not receive Form 1095-C by the time they file their income tax returns.

For 2015 only, individuals who rely on this information from their employers to determine whether or not they are eligible for premium tax credits do not need to amend their tax returns once they receive Form 1095-C.

Instead, they should keep this form for their tax records. This exception also applies to individuals who may rely on Form 1095-B to prove they had minimum essential coverage all year.
 
Individual Insurance 
Know Your Insurance - Tax Forms 1095-A, 1095-B & 1095-C Q&A

This Know Your Insurance Article features common questions and answers from the IRS regarding the new 1095-A, 1095-B & 1095-C tax forms. View Article
  
Solutions

Do-It-Yourself 1095 Form Generator      

How will you produce the required Forms 1094-C and 1095-C? 

Alpha has a solution.

Alpha can provide you access to DIY1095, a web-based, user-friendly tool that helps you manage the forms-generation process. An automated template for HR/Benefits professionals to generate compliant, accurate Forms 1094-C and 1095-C (or 1094-B and 1095-B for small employers).

A value-added benefit free of charge for all Alpha clients.

Reduce errors and use your time to focus on other things. Sign up is easy, just complete and submit this  Employer Access Request Form. A Welcome email will tell you what's next!  Need to know more?

Summary Plan Description  

Including Premium Conversion Plan  

 

AlphaHR can help you stay in compliance with the required plan documentation for your benefit plans. Alpha clients are eligible for a discounted annual rate and the set-up fee is waived. Annual rate includes:

  • Separate Plan Document and Summary Plan Description (wrap document)
  • ERISA and Affordable Care Act Notices at no extra charge
  • Summary of Material Modification
  • Instructions on how to distribute information to employees
  • Email alerts regarding changes to ERISA or IRS requirements that could impact Wrap SPD and Plan Document compliance
  • Premium Conversion Plan <NEW!
  • Learn more

Sean Nehlsen of AlphaHR and his team are available to help with the creation of SPD's and
total ERISA Compliance.  

Property & Casualty 
Alpha Property & Casualty 
 
Alpha Property & Casualty has offices in Westlake & Independence, with agents available at both locations. Alpha P&C offers solutions for Business Insurance as well as personal lines. Get a quote

This month's featured article:
This Know Your Benefits article explains what home and auto insurance is, what it covers and how it works.
 

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