January 2012
1 post
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James Celentano, VP-HR of Extensis Group pens... →
Providing adequate health insurance benefits is crucial to employee retention, but rising costs make this a huge challenge for small business owners. As employers and employees are paying more for health insurance, it pays to empower employees to manage their own health care.
December 2011
3 posts
75% of employers lost top talent in the last year →
Employers may be complacent in their retention efforts, due to the sluggish economy. It’s really not enough to tell them to wait until the economy improves, especially if they’re new employees and more impatient for opportunity and advancement,”.
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Dan Sheridan, Pres. of Extensis, authors feature... →
Dan Sheridan, President and Chief Operating Officer of Extensis, authors feature article in July/August PIA Magazine titled “The industry is changing: Plan now to succeed”
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Don Mallo, General Counsel for the Extensis Group,... →
October 2011
1 post
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Article: Perfect Storm by Don Mallo, Counsel for... →
Article in October Edition of PEO INSIDER
July 2011
2 posts
3 tags
Chicago Tribune Article on the Shrinking Pool of... →
Extensis enables businesses that might othewise seriously reduce company benefits to maintain or improve benefits while working within our clients’ existing budget
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Potential Changes to Insurance Costs for Sole... →
April 2011
1 post
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UPDATE: IRS Guidance on W-2 Health Care Cost...
The healthcare reform law added a new requirement that employers report the cost of employer provided healthcare coverage on employees’ W-2 statements. Under the reform law as originally issued, employers were required to provide this health care cost information on 2011 W-2 statements (distributed to employees in 2012). An IRS Notice issued last fall waived the requirement for...
February 2011
2 posts
Would you take our "1 Question" Survey? →
6 tags
Finding the Wellness Program Hidden Gems in PPACA →
Don Mallo, Extensis Group Vice President of Human Resources and General Council authored article featured in the February Edition of the Magazine of the New Jersey Society of Certified Public Accountants (NJSCPA)
January 2011
1 post
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Is It Time to Outsource Your HR? - MSN Article →
Small Business Article Featuring Dan Sheridan, President of Extensis
October 2010
1 post
How an Old Labor Law May Impact Your Business →
Don Mallo, VP of Human Resources and General Council for Extensis, publishes article on the potential impacts of the Fair Labor Standards Act in the Sept, 2010 edition of Limo Digest
September 2010
2 posts
Meet the next 800-pound gorilla: payroll... →
Dan Sheridan Quoted in Industry Article on the Dangers to Brokers and their Clients from Payroll Administration Firms bundling benefits and cutting out Insurance Brokers from their Clients
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Common-Sense Health Benefits Cost Management
In an effort to reduce benefit costs, I have found that many employers are implementing the following cost-containment strategies:
Rewards For Good Health
Offer financial incentives to employees who have healthy habits and lifestyles or those who participate in wellness programs at work. Penalize workers with higher premiums for engaging in unhealthy activities such as smoking.
Offer discounted...
August 2010
2 posts
Extensis Publishes "Payroll Giants Move Into... →
Dan Sheridan, President of Extensis Publishes
“Payroll Giants Move Into Agents’ Turf?”
in September PIA Magazine
“Insurance agents and brokers who serve the small-business market should keep an eye on the rapid expansion of large payroll companies onto their client base.
For both benefits and property/casualty books of business, these payroll giants offer small businesses...
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Understanding HSAs - Health Savings Accounts
What is a health savings account?
Otherwise known as an HSA, a health savings account can be funded with your tax-exempt dollars, by your employer, or both, to help pay for eligible medical expenses not covered by an insurance plan, including the deductible, coinsurance, and even in some cases, health insurance premiums.
Who is eligible for an HSA?
Anyone who is:
• Covered by a High...
July 2010
1 post
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10 Ways to Control Health Care Costs in 2010
Employer-sponsored health care costs are expected to continue growing in 2010 & 2011. Below are 10 strategies you may use to control your health care costs in 2010.
Conduct a dependent eligibility audit to weed out ineligible dependents. Begin with an amnesty period to allow employees to voluntarily remove ineligible dependents without penalty.
If you have retirees on...
June 2010
2 posts
3 tags
Health Care Reform: W-2 Reporting of Benefits
Health care reform brings a number of changes to employers and plan sponsors. One such change is the requirement to report the aggregate cost of employer-sponsored health coverage on an employee’s Form W-2, effective for tax years beginning after December 31, 2010.
Form W-2 Reporting Requirement
PPACA provides that, beginning with the 2011 tax year, employers must disclose the aggregate cost...
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Health Care Reform Timeline
On March 23, 2010, President Obama signed into law the health care reform bill, the Patient Protection and Affordable Care Act. This legislation, along with the Health Care and Education Reconciliation Act of 2010, makes sweeping changes to the U.S. health care system. These changes will be implemented over the next several years.
This Legislative Brief provides a timeline of the...
October 2009
1 post
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John Powell, VP of Marketing, Publishes Article in... →