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Avoid Costly Fees: Preventive Care For Your Company Health Plans

We all know leading a healthy lifestyle requires not only reactionary health care,  but preventive care. Preventive care is critical to living a happy life and avoiding costly medical expenses down the road. The same preventive care advice applies to your company’s employee benefit plans – preemptive action avoids costly penalties later.

The Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) has the authority to conduct audits on benefit plans that are governed by the Employee Retirement Income Security Act (ERISA). These audits can focus on a variety of areas, such as: fiduciary obligations, reporting and disclosure requirements, ERISA protections

Expect More From Your Benefits Broker

2016: The year to re-evaluate your employee benefit packages
If any of us need reminding that we should plan for the unexpected, just look around.

2016 is already delivering the unexpected: gas is at $1.37 per gallon; Donald Trump is a leading republican candidate; the Dow Jones is down 2,000 points; and a 39 year old quarterback just won the Superbowl.

“Just look around” is advice we often give to our prospective employee benefit customers. While it may seem like there is no relief in sight with increasing healthcare costs, keeping an open mind might lead you to cost savings, increased employee satisfaction,