What is Protected Health Information (PHI)?

Key Benefit Concepts Actuarial, Services

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. PHI includes information, whether oral or recorded in any form or medium, that relates to the past, present or future physical, mental health, condition of an individual, the provisions of …

Maintaining Confidentiality and Privacy in the Business Office

Key Benefit Concepts Actuarial, Services

Everyone knows maintaining confidentiality and privacy in the business office is paramount and there are specific regulations such as HIPAA and FERPA, etc., that govern how to handle private information. Below is our recent article published in ASBO International’s April 2022 edition of School Business Affairs magazine, written by Linda Mont, CSRM, RHU (managing member here at KBC) and Lynn …

Upcoming Local Run/Walk Event – Delafield WI

Key Benefit Concepts Services, Wellness

Key Benefit Concepts (KBC) enjoys being involved with our local community, helping to share details of upcoming events that are taking place around Waukesha County and the Wales community. Coming up on Saturday, April 16, 2022, in Delafield, WI (10 minutes from our corporate office in Wales, WI), is a Kiddos 1K, a 5K, 10K and half marathon event called …

There is still time to put money into your H.S.A. account for 2021

Key Benefit Concepts About Us, Services

If you and/or your family are covered by a health insurance plan that meets the IRS requirements of an H.S.A., there is still time to put up to $3,600 single; $7,200 family into that account and deduct the amount of the contribution from your 2021 taxes.  The IRS allows you to make contributions up to the income tax filing deadline …

Service with Care!

Key Benefit Concepts About Us, Services

In 2022, KBC is focused on providing service with care and a smile! Are there certain people in your work life where each call you make to them seems to go directly to voicemail, and then you’re stuck waiting for a call back?  This can be extremely frustrating, which is why there’s no need to worry about that with KBC.  …

Get the Scoop on Post-Employment Table Updates!

Key Benefit Concepts Actuarial, Services

GASB statements require an actuary to update the tables of your organization’s post-employment valuation in the year between valuations. Table updates are just that – updates to the tables provided in the prior year’s valuation.  That means a new valuation is not completed, but rather the tables illustrating obligations, etc. are updated to include in the organization’s financial reports for …

Are You Looking for a New Valuation in 2022? Let’s get Started!

Key Benefit Concepts About Us, Actuarial

It’s 2022 and KBC is here to help you! If you are looking for a proposal for a post-employment valuation, 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 …

Staying Active, Healthy and Well

Key Benefit Concepts About Us, Services

Key Benefit Concepts (KBC) is an actuarial and employee benefit consulting firm who has designed personalized benefit programs relating to wellness for our clients.  When addressing employee benefits, wellness is an important factor to an overall comprehensive benefit program.  Healthy employees are typically more focused, conscientious and hard-working. So, at KBC we practice what we preach!   Our program is referred …

Conference Opportunities in 2022

Key Benefit Concepts About Us, Conferences

The impact of COVID-19 led to the cancellation of most in-person conferences in 2020 and many so far in 2021. We hope in 2022, more conferences will open up to in-person.  Key Benefit Concepts (KBC) enjoys being affiliate members of many government employer associations.  We look forward to sponsoring, attending, speaking and most of all having a booth at conferences …

Have You Heard……?

Key Benefit Concepts OPEB, Services

Key Benefit Concepts has had the opportunity to speak at conferences across the country. We have spoken on topics such as post-employment valuations (OPEB 101), post-employment trusts, recordkeeping in the business office, HIPAA, when is a gift a gift and many other topics. If you have heard Key Benefit Concepts speak on a topic you love and would like us …