Author Archive for Webmaster

Winner of Saratoga Benefits’ Greeting Card Design Contest

Saratoga Benefits staff awards prizes to winners of the 3rd annual Valentine Day card design contest.  Each year Saratoga Benefits sends clients and friends Girl Scout cookies and a card designed by students from the Camden Forward School, part of Urban Promise Ministries.

Understanding the Small Business Health Care Tax Credit

The Affordable Care Act’s small business health care tax credit is designed to encourage small businesses and tax-exempt employers to offer health insurance coverage to their employees. In general, an employer may be eligible for the credit for tax year 2015 if it:

  • Had fewer than 25 full-time equivalent employees;
  • Paid an average wage of less than $51,600/year;
  • Paid at least half of employee health insurance premiums; and
  • Paid premiums on behalf of employees enrolled in a qualified health plan (QHP) offered through the Small Business Health Options Program (SHOP) Marketplace.

Key Facts

The IRS is providing employers with the following basic facts to help them understand the credit and how it may affect their small business or tax-exempt organization:

  • Beginning in 2014, the maximum credit is 50% of employer-paid premiums and 35% of premiums paid by tax-exempt organizations.
  • Small employers may claim the credit for only two consecutive taxable years beginning in tax year 2014 and beyond.
  • For 2015, the credit is phased out beginning when average wages equal $25,800 and is fully phased out when average wages exceed $51,600. The average wage phase- out is adjusted annually for inflation.
  • Transition relief from the eligibility requirement to purchase a QHP from the SHOP Marketplace is available to certain small employers (i.e., those that could not offer health insurance through a SHOP for the 2014 calendar year).
  • Eligible small employers (other than those that are tax-exempt) will claim the credit on their annual income tax returns, with an attached Form 8941, Credit for Small Employer Health Insurance Premiums, showing the calculation of the credit.

More information on this subject or any other Benefits, HR, or Reform related matter can be found in the HR Library.

Updates to Select Drug Program® Formulary

AmeriHealth New Jersey routinely updates our drug formulary and reviews the list of drugs requiring prior authorization as part of our procedures for safe prescribing. These changes are approved by our Pharmacy and Therapeutics Committee.

Please view the list of changes to the Select Drug Program formulary that are effective April 1, 2016. All impacted members will receive a letter from FutureScripts®, 30-days prior to the effective date of the drug formulary updates.

Standard quarterly changes to the Select Drug Program® formulary effective April 1, 2016, include:

  • Additions of generic and brand drugs to the formulary
  • Deletions of brand drugs from the formulary
  • Additions to the list of drugs that require prior authorization
  • Additions to the list of drugs with quantity limits
  • Deletions to the list of drugs that require prior authorization

If you have any questions please feel free to contact our office at 856-642-2949 or email info@saratogabenefits.com.

Business Meeting Exclusively for Business Women

Are you looking for ideas on WHAT WORKS for women in business and how to help take your business to the next level? We have combined networking, camaraderie, and education into one. Come and meet like-minded local women in business to share what is working for you as well as the challenges you currently face. Ideas will be offered along with refreshments and a few surprises! We look forward to seeing you there!

DATE: Wednesday, February 3rd, 2016
TIME: 9:00 AM Registration
9:15 -10:30 AM

PLACE: Mt. Laurel, NJ

SPEAKER: Amy R. Webb, RHU, CBC, President
Saratoga Benefit Services, LLC

TOPIC: Having an Educated Consumer is your Best Customer
RSVP: Trudy at (800) 524-1774

Healthcare Issues Council Roundtable

When: Friday, February 05, 2016, 8am – 9am
What: Roundtable Topic: Health Insurance – Choosing the Right Plan for Your Business & Employees

Our interactive roundtable discussion will cover Narrow Networks; OMNIA, Value, High deductible health plans and HSA’s.

Guest Speaker: Amy R. Webb, RHU, CBC, President, Saratoga Benefit Services, LLC

Where:
BCRCC Offices
Conference & Training Center
520 Fellowship Road, Suite E-502
Mount Laurel, NJ 08054

Fee: Free for BCRCC members

To register: http://www.chamberdata.net/webforms/EvtListing.aspx?dbid2=njburl&date=20160205&class=E

Grand Prize!

The grand prize for the 2015 fundraising efforts was a choice of a 1 week stay at an Ocean City beach house or a weekend stay in New York City. This year over $75,000 was raised to support student scholarships for deserving students at Rowan College at Burlington County. The Foundation funds approximately $350,000 per year in student tuition and book scholarships. This event was chaired by Amy Webb for the third consecutive year.

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Foundation Raises Over $75,000 for Student Scholarships in 2015

This year over $75,000 was raised to support student scholarships for deserving students at Rowan College at Burlington County. The Foundation funds approximately $350,000 per year in student tuition and book scholarships.

Pictured from L to R: Quad Chairs: Karen Cooper, Amy Webb, Karen Albanese and Rhonda Feld

Pictured from L to R: Quad Chairs: Karen Cooper, Amy Webb, Karen Albanese and Rhonda Feld

Moorestown Rotary Lends A Hand at The Tender

At the Moorestown Rotary, our goal is to participate in projects that are ‘hands on’ in the community.  Most recently our Club supported The Tender, which is an adult day care center for Alzheimer patients. The Tender just moved into new facilities and our club donated money for their wheelchair ramp.  In addition, we hosted a holiday dance party, complete with piano player and singer. Pictured is our members dancing the Fox Trot and Jitterbug with a few Tender clients.