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Investing in Health Prevention and Wellness: A Smart Bet

June 24, 2024 | By Cleveland Benefits Partners

The old adage “an ounce of prevention is worth a pound of cure” rings truer than ever in today’s world. While reactive healthcare plays a crucial role in treating illness, a growing emphasis is being placed on the power of health prevention and wellness. Investing in preventive measures and promoting overall well-being isn’t just about • Read More »

Compliance Recap May 2024

June 17, 2024 | By Cleveland Benefits Partners

PREPARE NOW TO PAY THE PCORI FEE The Patient-Centered Outcomes Research Institute (PCORI) fee funds research that evaluates and compares health outcomes, clinical effectiveness, and the risks and benefits of medical treatments and services. Effective through 2029, the IRS treats this fee like an excise tax, applied to all covered lives, including employees, retirees, spouses, • Read More »

Form 5500: What You Need To Know

June 10, 2024 | By Cleveland Benefits Partners

Attention Employers: Don’t Miss Your Form 5500 Deadline! Here’s a simplified breakdown of what you need to know about filing your employee benefit plan report: Who Needs to File? Employers subject to ERISA (Employee Retirement Income Security Act) with employee benefit plans, unless exempt. What to File? Form 5500 (annual report) for each employee benefit • Read More »

Empowering Baby Boomers: Building a Competitive Benefits Package

June 3, 2024 | By Cleveland Benefits Partners

A Baby Boomer is someone born between 1946 and 1964. This generation is currently between 58 and 78 years old (in 2024).  They tend to have a strong, loyal work ethic and excel at face-to-face communication and building relationships with colleagues.  Boomers have a wealth of experience accumulated over long careers. They value jobs that • Read More »