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Category Archives: Insurance Agent

New State Laws Affecting TWIA

New Laws Impacting Agents and Policy Issuance Policyholder Payment Grace Period: Before the legislative session, TWIA’s Board outlined several recommendations for the Texas Legislature on how to improve TWIA’s operations. House Bill 2920 is based on one of those recommendations … Continue reading

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Why Starting Open Enrollment Early In 2021 Is More Important Than Ever

The COVID-19 pandemic shook the job market in ways never before seen. For one, it created so much uncertainty that employees who would’ve typically searched for a new job last year decided to stay put. For another, the pandemic prompted … Continue reading

Posted in Being prepared, Coronavirus, Economy, Employee Wellness, Health, Health Insurance, Human Resources, Insurance Agent, Uncategorized, workplace | Tagged , , , , , , | Comments Off on Why Starting Open Enrollment Early In 2021 Is More Important Than Ever

Pandemic and Drug Overdoses Drive U.S. Life Expectancy Down 1.5 Years

A new report from the Centers for Disease Control and Prevention (CDC) revealed that life expectancy in the United States dropped from 78.8 years in 2019 to 77.3 years in 2020. The decline in life expectancy was the largest one-year … Continue reading

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Benefits of Health Insurance

  Provided to you by Hoffman Insurance Group, LLC This is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.

Posted in Employee Wellness, Health, Health Insurance, Human Resources, Insurance Agent, Personal Insurance, workplace | Tagged , , , , , , | Comments Off on Benefits of Health Insurance

Memorial Day

We are happy to share a well put together video that displays such bravery and pride. We do not own the rights to this video. It is being shared from @military.videoz account on the user application TIKTOK. Provided to you … Continue reading

Posted in Commercial Insurance, Government, Health Insurance, Insurance Agent, Local events, Memorial Day, Personal Insurance, Sugar Land Insurance, workplace | Tagged , , , , , , | Comments Off on Memorial Day

IRS Releases Updated Form 720 Used For PCORI Fee Payments

As we recently reported, on June 8, 2020, the IRS released the applicable PCORI fee for plan years ending between October 1, 2019 and September 30, 2020.  As we indicated in that alert, an updated Form 720 had not yet … Continue reading

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IRS Increases Health FSA Contribution Limit for 2020, Adjusts Other Benefit Limits

On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains … Continue reading

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Summary of the 2019 Employer Health Benefits Annual Survey

Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefit trends. This article summarizes some of its main points. Request a full summary from Hoffman Insurance Group, LLC for … Continue reading

Posted in Auto Insurance, Being prepared, Commercial Auto Insurance, health care reform, Health Insurance, Insurance Agent, Sugar Land events, Uncategorized | Tagged , , , , , , | Comments Off on Summary of the 2019 Employer Health Benefits Annual Survey

IRS Confirms ACA Pay or Play Penalties Still Apply

Overview The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the Affordable Care Act (ACA). This information letter confirms that the pay or play penalties continue to apply … Continue reading

Posted in Affordable Care Act, Government, Health Insurance, Insurance Agent, Taxes, Uncategorized, Workers Compensation Insurance | Tagged , , , , , , | Comments Off on IRS Confirms ACA Pay or Play Penalties Still Apply

New Overtime Rule Raises Salary Cut-Off to $35,568

Employees who make less than $35,568 are now eligible for overtime pay under a final rule issued today by the U.S. Department of Labor (DOL). The new rate will take effect Jan. 1, 2020. To be exempt from overtime under … Continue reading

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