Deerfield Advisors – Employee Benefits

clocktowerWelcome to the DF Employee Benefits Blog. Our aim with the articles in this section of the Deerfield Advisor Knowledge Base blog is to provide relevant and helpful information for businesses and Individuals seeking to minimize their exposure to risk. It’s a risky world out there so it helps to be well informed about all the things that can cause loss. As always, don’t hesitate to contact us if you have questions or comments.
The Deerfield Teamline_silv0725

clocktowerCritical Illness Insurance: What It Is and Whether Employees Need It

Simply having health insurance does not guarantee that an emergency health situation won’t cripple your or an employee’s finances. Critical illness costs an average of $35,500, largely in lost wages. Of the over 60% of U.S. bankruptcies involving medical problems, over 75% of people were insured when the illness started. Continue reading…

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clocktowerA Practical Guide to HSAs?

If you’ve been following our series, you know that a Health Savings Account is a tax-advantaged, IRA-like creation designed for people covered under a High-Deductible Health Plan. If you also found out that you are eligible for an HSA and like its many benefits, it may be time to open an account. But how do you go about it? Continue reading…

line_silv0725clocktowerIs an HSA Right for You?

Despite its unique triple tax advantage, over one third of those eligible for a health savings account do not have one.  Since the average 65-year-old married couple will need well over $200,000 in healthcare expenses during retirement, it’s worth considering whether opening an HSA is right for you. Of course, an HSA is not the only way to save money for retirement or immediate healthcare costs. What advantages does an HSA have over other savings accounts? Are you able to open one? Should you? Continue reading…

line_silv0725clocktowerHarassment in the Workplace: How to Respond to Complaints of Harassment

You did everything right. You read parts 1 and 2 of our series, so you know what harassment is and how to prevent it. You’ve disseminated a perfect anti-harassment policy, run fantastic trainings, and carefully vetted new hires. Then one day an employee walks into your office claiming that your best manager has been harassing her for weeks. Continue reading…

line_silv0725clocktowerHarassment in the Workplace: What Makes Good Policy and Training?

In our previous article, we outlined what harassment is and how state laws govern most harassment-related legislation. We also mentioned the conditions, outlined by the Supreme Court in Vance v. Ball State University, under which an employer in any state is liable for an employee’s harassment. The employer is liable if the perpetrator is the victim’s supervisor, i.e. a person who has authority over employment decisions or the daily work activities of an employee. The employer is also liable if the company has been negligent, i.e. has no process in place to prevent harassment. Continue reading…

line_silv0725clocktower Harassment in the Workplace: An Overview

An elderly employee is called “grandpa” by his coworkers. A young employee complains that the art on the office walls makes her uncomfortable. A supervisor jokes that a female employee might get a promotion if she gets a drink with him after work. A white employee sends derogatory emails to an African American employee. A female supervisor reprimands a male employee for being late to work three times in a row. Which of these instances are forms of harassment? Continue reading…

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clocktowerRetaliation claims & what you need to be aware of to prevent them

For six years, reports of retaliation have been more common than any other type of discrimination in the workplace. In 2014, retaliation claims made up a record 42.8 percent of all charges reported to the Equal Employment Opportunity Commission. That percentage represents 37,955 charges nationwide (double the number filed in 1998) – 3,708 filed in Texas alone! Continue reading…

line_silv0725clocktowerHSA Plans for Business – Why you may want to consider it

With all of the recent media hype regarding federal health insurance reform and the state of the health insurance industry, I’m sure by now you have heard the term HSA. You may be wondering: What does this mean? How does it apply to me as a business owner? Continue reading…

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Employer Shared Responsibility requirements for 2015 and beyond – Additional information on safe harbors

On Feb. 10, the final regulations for the Employer Shared Responsibility provisions (also referred to as the “employer mandate”) under the Affordable Care Act were released by the Internal Revenue Service and Department of the Treasury. Continue reading…

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ObamaCare Implementation

ObamaCare implementation is fast approaching. Folks are wondering how their health insurance will change come January 1, 2014 when the law commences officially. October 1 starts open enrollment on the Exchanges established by the Patient Protection and Affordable Care Act (PPACA) or ObamaCare. The PPACA established these Exchanges, also referred to as “marketplaces,” nationwide. Continue reading…

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