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Happy new year from Digital. We hope you enjoyed your holidays and are back in the swing of things. Yes, we know you're busy, but this issue of Benefits@Work is a must read, especially the article on protected health information/Business Associate Agreements, the important census update request, the overview on 1099s vs. W-2s and why health savings accounts really are hot right now. Actually, every article is worth a read. So, please, jump in - and enjoy. |
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Health Savings Accounts Are Hot Right Now
While traditional health insurance plans continue to be the dominant form of coverage, high-deductible and consumer-driven health plans are on the rise. These plans include either health savings accounts (HSAs) or health reimbursement arrangements (HRAs). The steady growth is employers' responding to rising health insurance costs.
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Important: Protected Health Information and Business Associate Agreements
The U.S. government imposes certain privacy and security mandates for protected health information (PHI) maintained by most employee health benefits plans and other parties. To ensure compliance, Digital Insurance always sends and receives PHI securely via a specialized outside vendor.
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Help Us Help You
In order to better serve your employee benefits needs, Digital Insurance is updating your census information [link] - and is particularly looking for your employees' contact information (e.g., work e-mail addresses and telephone numbers).
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1099s vs. W-2s? IRS Introduces Amnesty Settlement Program for Businesses That Have Misclassified Workers in the Past
Many employers have long appreciated the advantages of "alternative" work arrangements with independent contractors, contingent workers, consultants, "freelancers" and temporary staff because these arrangements often produce cost savings and increased flexibility. But beware …
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