Although a census data request from your actuary for an upcoming Other Post-Employment Benefits (OPEB) valuation may seem straightforward at first glance, it is not always so clear-cut. It may be early February, but the valuation date is 6/30. What date should the census data be as of? Do you include part-time or seasonal employees? If someone is expected to …
In 2023, being a consultant implies that you are proficient in your field and are willing and able to guide and assist others in your area of expertise. Many people call themselves consultants but may lack the knowledge, experience or ability to assist and guide others in an efficient and effective manner. We take that term seriously. Being an actuarial …
An HRA is similar to an H.S.A. in that its purpose is to allow for tax-free reimbursement of health plan deductible and eligible health care expenses paid by the employee or individual covered under the plan; however, the HRA is very different in many other ways:
Waukesha County Fairgrounds KBC is only 10 Minutes from the city of Waukesha. Waukesha is home the Waukesha County Fair. This year the fair is taking place July 19-23, 2023. The fair grounds are located next to the Waukesha County Airport at the Waukesha Expo Grounds. Tickets are around $10 for Adults and there are admission bundles to save money. …
H.S.A. Health insurance plans and the Individual Health Savings Account An H.S.A. stands for Health Savings Account. A health savings account is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. There are several requirements that must be met to be eligible to open and fund an H.S.A. …
Health Savings Account Changes for 2024 Recently, the Internal Revenue Service released the 2024 health savings account (HSA) limits. Below is a comparison of the current limits and the new limits for 2024. 2023 2024 HSA Contribution Limits Self-Only: $ 3,850 Family: $ 7,750 Self-Only: $ 4,150 Family: $ 8,300 For those age 55 or older: HSA catch-up contributions …
Key Benefit Concepts is involved in many conferences throughout the year of 2023! KBC enjoys being affiliate members of many government employer associations. We look forward to sponsoring, attending, speaking and most of all having booth at conferences throughout the United States. Why? Because we get an opportunity to spend time with our favorite people – our clients – in …
When posting an Ad on a Social Media site or on the website/conference site we might be attending. It is important to find a theme. If it is a specific Holiday or if the conference is related to an event or style. Finding the right background is key. Wither the Ad is going to be bright or colorful or If …
The census data that KBC requests to prepare your valuation includes individually-identifiable information which is classified by HIPAA as protected health information (PHI). KBC takes the security of your information and PHI very seriously, and we stress the importance of uploading any documents that contain, or may contain, PHI to our secure website. At KBC, we use Citrix Sharefile which …
Safety, Security, Privacy and Confidentiality These are more than words; these are important aspects of KBC’s services. Our employees are thoroughly trained in HIPAA privacy compliance. We use Business Associate Agreements, a secured site for uploading data and cybersecurity features in our emails, computers and servers. We work diligently to protect all data in our care and to assure that …
