Author: MDG Benefits Admin
Offering Family-Building Benefits
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While there may be some overlapping challenges in the path to parenthood, how individuals build their family is ultimately unique to them. The pandemic has only added to the worries and challenges for people trying to build their families, as COVID-19 lockdowns kept potential parents and children separated, and most fertility treatments were stalled in…
Form 5500
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If your company provides an employee benefit plan governed by the Employee Retirement Income Security Act (ERISA), you are likely obligated to file Form 5500. This annual report discloses key details about your organization’s benefit offerings, such as welfare benefit plans (including medical, dental, life, and disability coverage), retirement plans, fully insured plans, and self-funded…
Unpacking Healthcare Price Transparency: What You Need to Know
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The world of healthcare costs can often feel like a black box, but efforts are underway to shed more light on what you actually pay. Price transparency has been a hot topic for years, with various regulations and executive actions aiming to empower consumers with better information. Let’s break down the key developments and what…
Benefits 101: What Is Cancer Insurance?
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The word “cancer” carries a weight that extends far beyond its medical implications. Beyond the physical and emotional toll, a cancer diagnosis can bring significant financial strain. While your primary health insurance will cover many treatment costs, there are often substantial out-of-pocket expenses that can quickly add up. This is where cancer insurance comes in.…
The Clock is Ticking: Don’t Miss the EEO-1 Report Deadline
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The annual EEO-1 Report, mandated by the Equal Employment Opportunity Commission (EEOC), is a cornerstone of workplace diversity and anti-discrimination efforts in the United States. This data collection provides a demographic snapshot of America’s workforce, helping to monitor for discrimination and promote equal employment opportunity. Missing the deadline can lead to serious consequences, making it…
Disability Insurance Explained: Long-Term Disability
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Your most valuable asset isn’t your house, car or retirement account. It’s the ability to make a living. Long-term disability insurance (LTD) provides financial protection by replacing a portion of your income—typically 50% to 70%—if you become unable to work due to a prolonged illness, injury, or accident. This benefit is paid directly to you…
Risk Insights: The Importance of an Audit Committee
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In recent years, several companies have found themselves on newspaper front pages for illegal business activities. In response to these events, organizations are recognizing the tremendous value an audit committee is to their company. These committees serve to ensure that all financial dealings are legal and ethical, and assure that there is no fraudulent behavior…
Compliance Tracker Newsletter May 2025
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Compliance Reminders Employers should regularly review their compliance with federal, state and local employment laws. During 2025, this review may include: Preparing to file an annual report (Form 5500) for employee benefit plans unless a filing exemption applies. For calendar-year plans, the Form 5500 deadline (without extensions) is July 31, 2025;
Mind Matters: Supporting Employee Mental Health at Work
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Every year, millions of people experience mental health challenges with limited access to care. According to the World Health Organization, 1 in 8 people globally are affected. Conditions like anxiety and depression significantly reduce productivity, costing the global economy around $1 trillion annually. Despite the rising demand for support, more than two-thirds of those who…
Compliance Bulletin: Employers Should Start Preparing for 2025 RxDC Reporting
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Group health plans and health insurance issuers must annually submit detailed information on prescription drug and health care spending to the Centers for Medicare & Medicaid Services (CMS). This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). The next RxDC report is due by Sunday, June 1, 2025, covering data…