Bukaty Blog

Benefit plan disclosure requirements you need to know

Complying with the Employee Retirement Income Security Act of 1974 (ERISA) is not an option for most private-sector employers who sponsor an employee welfare benefit plan. ERISA provides a number of protections to ensure plans are managed in the interest of plan participants.

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Make insurance #1 on the back-to-school list

Parents can’t always protect their children who are away at college, so insurance is an important safety net. Three affordable insurance options can provide peace of mind for worried parents and the protection college students need.

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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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BUKATY PODCAST

Episode 10: Lower costs with a dependent audit

Verifying plan membership is valuable to your company's bottom line. As much as 10% of dependents on your plan could be ineligible for group coverage! Learn more about conducting a dependent audit in your organization.

Episode 9: Make open enrollment a breeze

Bukaty experts share their thoughts on how to avoid open enrollment complications. Planning and communication are key.

Episode 8: Avoiding employee lawsuits

Discover how your business could be at risk for lawsuits, and learn strategies to minimize your chances of getting sued. Our podcast guest shares HR tips you won’t want to miss.

Episode 7: Management training is more important than you realize

Don't leave your managers untrained and unprepared. This episode explores the importance of training your company leaders and how it can be detrimental to your business if you don't.

Episode 6: A benefits package for all ages

Rather than limit your company to an outdated one-size-fits-all benefit package, explore customized, generationally based benefit options for your employees. Each generation has different benefit preferences and Bukaty has the technology and benefit lineup to cater to their needs.

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.

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