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HIPAA compliance 2016

Data breaches targeting the healthcare industry, and the resulting theft of patient records, have reached epidemic proportions, putting the privacy and protected health information (PHI) of millions of Americans at risk. And many of those breaches are triggering HIPAA audits—and devastating fines.

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Tagged Employee Benefits

Time to start thinking about 2016 ACA reporting

Just as you're recovering from the first round of ACA employer reporting, it’s time to start thinking about gathering the data necessary to fill out your 2016 1095-Cs in 2017. To help keep you on your toes, the IRS has already released draft forms and instructions for 2016 reporting under Sections 6055 and 6056.

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Tagged Health Care Reform

Global risk management: The top risks you need to know about

The world has never been more connected than it is today. The exploding globalization of trade and commerce has been a boon to businesses, economies and people around the world. But internationalization has also increased business’ exposure to global risks. It’s a more complex and ambiguous environment, with supply chains sometimes spanning many countries, making long-term investment decisions increasingly unpredictable. Before you make the leap and “go global,” beware of the risks you’ll be facing.

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Tagged Risk Management

Employee benefit communication: Lessons from the presidential campaigns

In the ongoing battle to attract and retain the best talent, your employee benefits package is one of the most powerful tools in your arsenal … but only if employees understand each benefit available. Often, the benefits communication process is lacking or antiquated, and vital information gets lost in the shuffle, leaving people confused about their options. In fact, according to Aflac’s 2015 Workforces Report, only 20 percent of employees surveyed said they had enough information to make informed decisions about their benefits. Only 20 percent! That’s clearly an epic fail.

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Tagged Employee Benefits

Life insurance: A workhorse for funding executive benefits

Running a successful business takes a successful team, and that starts with your executive staff. They’re the driving force behind your operation, so you want the best professionals you can find. But competition for executive “superstars” is keen, to say the least. So how do you put together and fund an attractive compensation package that goes above and beyond the usual offerings, but doesn’t kill your bottom line?

Think life insurance.

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Tagged Employee Benefits

Construction risk management: With labor shortages, the devil really IS in the details

There’s good news in the construction industry these days. Business is booming across the country as the post-recession comeback continues. There’s a growing demand for buildings, roads and homes. Average hourly wages are up. Unemployment is at a 16-year low, with more than 200,000 jobs created in 2014 according to the ADP Research Institute. And the Bureau of Labor Statistics (BLS) reports that construction growth leads all other sectors of the economy.

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Tagged Risk Management

RV insurance: Don’t hit the road without knowing these facts

Exploring the country in an RV is one of the most popular ways to get away from it all. Before you set out on your road trip, remember there’s one thing you should never leave behind: the right insurance. It can keep your dream vacation from turning into a very expensive nightmare. An RV is a huge investment, and a large vehicle that can cause serious injuries and damage to other vehicles and property. So whether you already own an RV, motorhome or fifth wheel, or are planning to buy, rent or lease one, make sure you have adequate financial protection.

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Tagged Home & Auto

How to choose an HR tech vendor: Five criteria

What is HRIS? It’s a Human Resource Information System that facilitates payroll, online enrollment, benefits administration, timekeeping, on-boarding and more. Sounds good, but what does that really mean for your business? It means efficiency. The end of entering HR data into five different systems and spending hours reconciling the inherent errors. One HR data entry point. Fewer errors. Better compliance. More time to spend on growth-oriented HR functions.

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Tagged Employee Benefits

OSHA penalty adjustments taking effect August 2016

For the first time in more than 25 years, OSHA fines are increasing. Since 1990, OSHA has been exempted from a law that required federal agencies to raise their fines to keep pace with inflation. That exemption was eliminated in November 2015 when Congress enacted legislation requiring federal agencies to adjust their civil penalties to account for inflation.

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Tagged Risk Management

What will new overtime rules mean for your Texas business?

In May, President Obama announced the DOL’s final rule updating overtime regulations, which will affect nearly 4.5 million U.S. workers who could soon see a bigger paycheck, a few more hours of family time every week, or both. Effective December 1, 2016, the new rule will:

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Tagged Employee Benefits