Bukaty Blog

Check out our new look

We’ve refreshed Bukaty.com to showcase all we do to keep your business on track. Learn for yourself how we use technology, data analytics and communication services to help you build and manage a quality, cost-effective employee benefits package. These tools recognize that benefit management has...

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Outsourced bookkeeping gives needed protection

As your small business grows, so do your responsibilities and financial risks. Many business owners think fraud, theft and embezzlement could never strike their organizations. But all businesses have some exposure, particularly those where the owner is stretched for time and attention.

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Your fiduciary role can be costly

As a fiduciary, one violation of the Employee Retirement Income Security Act (ERISA) could cost you. Not your business. Not your boss. You. Under ERISA, employers and administrators have fiduciary responsibility, which means they are responsible for managing the company benefit plan properly and...

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Streamline COBRA administration

COBRA compliance has never been easier for our online benefit enrollment clients with our new COBRA integration tool. For current COBRA and online enrollment clients this enhancement streamlines the COBRA process, reducing manual errors and ensuring election notices are expedited.

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Additional protection needed to protect company, decision makers

Company executives and board members are your primary decision makers and often in the line of fire when disputes or liability issues arise. They’re generally personally named in lawsuits for alleged wrongful acts because of the positions they hold. Without the proper protection their personal...

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Ways to address mental health in the workplace

An estimated 18% percent of Americans 18 and older experience symptoms of a diagnosable mental health condition, and nearly half of those have a co-occurring substance abuse disorder. Alarmingly, 56% of those diagnosed with a mental health condition do not receive treatment. When these...

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Drug prices on the rise again in 2019

Prices recently increased on more than 250 drugs, with an average jump of 6.3%, according to an analysis from Rx Savings Solutions. That's down from last year; however, prescription drugs remain one of the highest out-of-pocket medical costs for many consumers. These increases have occurred...

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3 cybersecurity strategies to keep your data private

January 28 is Data Privacy Day and data security is also one of the most prominent issues for human resources in 2019. Evolving technologies make data protection continuously more difficult, yet the enforcement of data protection laws, such as HIPAA, has not lessened. To help your company’s data...

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Medical marijuana in Missouri leaves employers with questions

Missouri voters approved a constitutional amendment during the 2018 midterm elections, which legalizes the use of medical marijuana for qualified patients with serious and debilitating illnesses. Passage of Amendment 2 has left local HR professionals and company owners searching for answers on...

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Outsourcing more services may be the secret to small business success in 2019

Launching a small business can be one of life’s most rewarding and difficult challenges. Owners often get into trouble by taking on too many responsibilities without the necessary resources. Bookkeeping is one area many owners think they can handle, but soon discover the labor intensive and...

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BUKATY PODCAST

Episode 5: The future of employee benefits

Listen to this podcast and discover how employers are utilizing online benefit management platforms to save valuable time and money. Employees love the ease and convenience an online system has over traditional paper enrollment. It’s a win-win for all!

Episode 4: The power of data analytics

Data analytics can serve as a powerful cost-containment tool for your organization's benefit program. Done right, analytics can illuminate the origin of high health care costs and opportunities for improvement. This episode will examine what it means to analyze data and how a proper analysis can benefit your business.

Episode 3: Understanding reference-based pricing

Reference-based pricing has become a popular strategy to control employer health care costs. Listen to this episode to gain a greater understanding of how this cost-saving strategy can lower reimbursement amounts and overall health care spending.

Episode 2: Busting narrow network myths

Narrow network plans can sound restrictive, but the reality is these plans are a valuable option for many groups. They have the potential to offer up to 20% savings on employee health insurance. 

Episode 1: DOL revives overtime discussion

The Department of Labor's 2019 regulatory agenda will revisit issues related to overtime compensation that were shelved in the  early days of the Trump Administration.