Posts by Christopher Giannetti
Navigating the 2024 Auto Insurance Market: Key Insights
The auto insurance landscape in 2024 poses challenges for consumers seeking cost-effective coverage without compromising quality. Understanding the market dynamics is essential for informed decision-making amid rising rates. 2023 Insights: The auto insurance industry faced challenges in 2023, driven by factors such as poor rate adequacy, an increase in car insurance claims, and the impact…
Read MoreCritical Employment Policies for 2024: A Comprehensive Review
Employee handbooks serve as vital tools for setting expectations, addressing workplace issues, and mitigating legal risks. Neglecting regular updates to employment policies can expose employers to potential lawsuits, fines, and liabilities. In the dynamic landscape of employment laws, staying abreast of new regulations is crucial. The start of the year presents an opportune time for…
Read MoreUnlocking Value: Benefits of Bundling Your Commercial Policies
Insurance carriers recognize the cost-effectiveness of offering additional coverage lines to existing customers, fostering longer-term relationships. While this strategy benefits carriers, it also holds significant advantages for their customers. Similar to bundling personal home and auto policies, combining business policies goes beyond cost savings. Businesses can explore multiline discount options by consulting with their insurance…
Read More2024 Federal Poverty Levels: Navigating the Impact on Employer Liability
The U.S. Department of Health and Human Services (HHS) annually updates Federal Poverty Levels (FPLs) to determine eligibility for various programs. In 2024, the FPL for an individual increased to $15,060, affecting applicable large employers (ALEs) under the Affordable Care Act’s (ACA) pay-or-play rules. Key Points:
Read MoreWhat Employers Need to Know for 2024
The landscape of preventive care coverage is undergoing shifts, and employers must stay informed to ensure compliance and provide comprehensive healthcare benefits to their employees. In this blog post, we’ll discuss key changes impacting the Affordable Care Act’s (ACA) preventive care coverage requirements for 2024 and beyond. Conclusion of COVID-19 Coverage Requirements: With the conclusion…
Read MoreExpansion of OSHA’s Injury and Illness Submission Requirements
OSHA (Occupational Safety and Health Administration) has introduced a significant update affecting employers, particularly those in high-hazard industries. This blog post breaks down the key points to help businesses navigate the new regulations. Current Requirements: Organizations with 20-249 employees in specific industries must electronically submit OSHA Form 300A annually. Establishments with 250 or more employees,…
Read MoreNavigating the Financial Horizon: A Comprehensive Small Business Financial Planning Guide for 2024
As the dawn of 2024 approaches, small business owners are gearing up for the challenges and opportunities that lie ahead. Essential to this preparation is the development of a robust financial plan, acting as a guiding compass for success. In this blog post, we’ll delve into the essential steps that will help you navigate the…
Read MoreEmployee Benefit Plan Limits in 2024
Many employee benefits have annual dollar limits, adjusted for inflation by the IRS. Common benefits affected include: The IRS announces these limits before each calendar year, allowing employers to update plans accordingly. This overview provides 2024 inflation-adjusted limits, with 2023 limits for comparison. Note that some limits, like dependent care FSA and HSA catch-up contributions,…
Read MoreCelebrating Safe Toys and Gift Month
December is not only a month of festive celebrations but also a time to prioritize safety, especially when it comes to toys and gifts. Safe Toys and Gift Month serves as a reminder to make choices that prioritize the well-being of our loved ones. In this blog post, we explore the significance of safe toys,…
Read MoreHoliday Stress: Traveling and Comprehensive Car Insurance Tips
The holiday season marks the peak of long-distance travel, with crowded highways causing additional stress. Don’t let travel worries ruin your plans; take control with these tips: Car Insurance Tips: By incorporating these travel and comprehensive car insurance tips, you can minimize holiday travel stress, ensure a smoother journey, and have peace of mind in…
Read More