Below you'll find a list of all posts that have been categorized as “Actuarial”
Actuarial valuations of post-employment benefits are an important tool for your auditor to complete your financial statements and are required under specific GASB statements. In order for us to provide the most accurate valuation, it begins with the initial steps of the valuation process. The first step in preparing a proposal for a new post-employment valuation is confirming the benefit …
What is Protected Health Information (PHI)? In 2023, it is important to protect your information. Protected Health Information or PHI, is individually identifiable health information held or transmitted in any form or medium by HIPAA covered entities and business associates, subject to certain limited exceptions. Some examples of PHI can include: names, addresses, social security numbers, driver’s license numbers, insurance …
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 …
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:
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 …
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 …
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 …
In today’s world things have changed quickly. The younger generations have turn to social media or computer sites to basically find their information. The information that is found on the sites will then allow the customer to help make a decision in what opportunities they want to pursue. KBC is trying to also keep up with the new ways of …
If you are looking for a proposal for a post employment valuation in 2023, you have come to the right place! When it comes time to obtain a post employment valuation proposal, the process can sometimes become overwhelming. However, Key Benefit Concepts has a process that will help ease “the pain” of the process in 3 easy steps for current …
