Posting Compliance in the Workplace

By Kathy White

“Compliance” may not be at the top of your daily to-do list. Matters of compliance may never come across your desk. Perhaps, you avoid these folks altogether. Compliance isn’t everyone’s cup of tea. Still, in business compliance is unavoidable. It’s like a program always running in the background. Your business can’t run without it. The good news is that businesses have more opportunities to outsource compliance responsibilities, leaving them free to do and serve their intended purposes.

What is Compliance?

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Quarterly Compliance Update

Get Ready for the New IRS Filing Threshold and Help Your Clients in Need

By Misty Baker

Director of Compliance and Government Affairs, BENEFITMALL

For many of us, a long-awaited spring is just around the corner. But before April showers and May flowers comes something a little less exciting—new Internal Revenue Service (IRS) filing requirements.

New IRS Filing Threshold for 2024

Last fall, the Internal Revenue Service (IRS) released draft instructions for preparing, distributing, and filing 2023 Forms 1094 B/C and 1095 B/C. The updated instructions are substantially similar to previous guidance published by the IRS, with one major departure—where the previous electronic filing threshold was 250 forms, it is now 10 forms in aggregate.

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An Interview with New BenefitMall President Bob Love

Love assumes leadership of the company following CEO Scott Kirksey’s retirement

Bob Love is no stranger to California, having lived in Orange County for several years. The experience gave him an appreciation for the California market as an industry leader—coverage and benefit designs developed and refined here often make their way across the country and through businesses large and small.

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Case Study: A Successful Large Group LTC + Life Insurance Enrollment

By Marc Glickman, FSA, CLTC

The following is a large group case study from a market with many brokers and carriers vying for blue-chip clients. It presents an example of how BuddyIns, a leading LTC planning platform, helped a large employer offer a voluntary LTC + Life insurance solution to their employees.

The key ingredients of this enrollment campaign included a strong partner relationship, trust, white-glove service, a simple enrollment process, and compelling education. The result was surprising and I hope that as you read through this it will help you learn how to leverage expertise and technology to provide LTC planning solutions to clients.

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Inland Empire Health Plan (IEHP) to join Covered California health care exchange

Inland Empire residents looking for health insurance through Covered California will see a trusted name on the list — Inland Empire Health Plan (IEHP).

The Rancho Cucamonga-based not-for-profit health organization will be among the list of options on the exchange for those seeking coverage in 2024.

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Shine The Light Awardees

Eight outstanding industry professionals are honored here

By Emma Peters

What makes someone outstanding at their job? Some might respond and say an unwavering commitment to clients. Some might propose that they are adaptable and innovative thinkers. Some may even say it’s as simple as approaching their work and their clients with empathy and kindness. At California Broker Magazine, we understand that it takes all these qualities and more to be an outstanding professional in the industry. In December, we asked our subscribers to join us as we launched our first annual recognition program called “Shine the Light”.

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Do You Have a Plan to Protect Your Commissions?

By Phil Calhoun

At Commission Solutions we provide health insurance professionals with current information and proven solutions to protect, grow and sell health insurance commissions. We know from experience how the process works as we are health insurance professionals too and we have helped hundreds of health brokers understand their commissions. We help our colleagues learn why commission protection is vitally important to understand. We then move to develop a personalized plan to address the risk of losing commissions and outline how commissions are to be paid in retirement and to whom should the health broker pass. Our plans provide 100% protection of commissions.

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INDUSTRY CALENDAR

2024 CONFERENCES

May 6-8, CAHIP Capital Summit @Kimpton Sawyer Hotel, Sacramento, Register
June 23-26, Society for Human Resources Management SHRM24 Annual Conference and Expo @ Chicago, Register

MARCH

March 21@8-10 am: CAHIP-LA Monthly Board Meeting-March, Register
March 21 @ 4:00pm: CAHIP Golden Gate Movie Trivia PAC Fundraiser @ Plank 98 Broadway Oakland CA 94607, Register
March 26 @1:00pm: Live Virtual Level-Funded Health Plans Course, Register

VIRTUAL TRAININGS

March 21@10am- Commission Education: What is the value of MY Commissions to a Buyer, Webinar : Join Zoom Meeting ID: 843 0883 5586
March 26@1:00pm-3:00pm, NABIP Live Virtual Level-Funded Health Plans Course, Register
March 27 @12:00-1:00pm, CalMatters Event: When Maternity Wards Close, Where Do Patients Go? , virtual or in person @CalMatters Studio & Virtual, 1303 J St, Suite 200, Sacramento, CA 95814, Register

APRIL

Apr 18 @5:30-8:00 PM, NAIFA Los Angeles, 1st Annual Pathway to Excellence Awards Night 2024, Register
Apr 25 @9:30 AM – 12:30 PM PDT, Covered California Outreach and Sales hosting annual Special Enrollment Period 2024 Workshops, Register

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