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It’s Here! The 2022 Health and Welfare Fringe Benefit Rate

The 2022 SCA Fringe Benefit Rate. On June 23, 2022, the Department of Labor’s Wage and Hour Division issued All Agency Memorandum No. 239 announcing the prevailing health and welfare fringe benefit rate. The 2022 SCA fringe benefit rate has increased to $4.80 per hour from the 2021 rate of $4.60 per hour. The updated fringe benefit rate will

Actived: 5 days ago

URL: https://www.boongroup.com/blog/2022-health-and-welfare-fringe-benefit-rate/

Understanding SCA Employee Benefits

WEBA bona fide fringe benefit is something that an employer gives to its employees to take care of them. They are the plans that are used to meet fringe benefit …

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Boon I Fringe Benefit Solutions for Government Contractors

WEBSee how you can save by providing fringe benefits. Try our cost savings calculator to find the potential for tax and payroll savings available to you. As a government contractor …

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Full-Service Fringe Benefits Services

WEBBenefit Services. Employees and Providers inquiries: 6am - 7pm CST: Monday - Friday. 9am - 12pm CST: Saturday & Sunday. 866 868 4139. [email protected].

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ACA Affordability Percentage for 2023 and Benefit Plan Design

WEBThe Internal Revenue Service recently issued Rev. Proc. 2022-34 that announced the percentage for determining affordability of employer-sponsored health …

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Fringe Benefit Solutions For Government Contractors

WEBWe offer compliant healthcare benefits, designed for contractors working under the Service Contract Act (SCA), Davis-Bacon Act (DBA), and state prevailing wage and local living …

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Providing Employee Benefits During a Healthcare Crisis: …

WEBAt this time, employers and employees are taking the brunt of that impact, from reduced hours and closed worksites to possible exposure to the virus and ongoing …

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Fringe Benefit Solutions For Government Contractors

WEBFixed indemnity plans provide first dollar medical coverage for employees facing out-of-pocket medical costs. Boon’s fixed indemnity programs meet the needs of both part-time …

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Top Springtime Health and Wellness Tips for 2021

WEB4. Keep On the Sunny Side. Similar to maintaining good sleep hygiene, getting outside and enjoying the sunlight helps to align the body’s circadian rhythms. …

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Upcoming Transparency Requirements for Health Plans

WEBHere are some important dates and deadlines to keep in mind for these new transparency requirements: January 1, 2022: Effective at this time, group health carriers …

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The Trend of Wellness in the Healthcare Industry

WEBThe concept of wellness in the healthcare industry is more than just a trend, wellness has transcended to the level of a social movement. Consumers across …

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Everything You Need to Know about Health Savings Accounts

WEBA health savings account, or HSA, is an account used in conjunction with a high-deductible health insurance policy. It allows users to save money, tax-free, against …

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2023 Service Contract Act Fringe Rate Increases Announced

WEBHere are the following fringe benefit updates for 2023, as reflected in All Agency Memorandum No. 243: $4.98 per hour (increase from $4.80) $4.57 per hour for …

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Top Causes of Rising Healthcare Costs (That Are Within Your …

WEBCheck out our top four: 1. Prescription Drugs. By and large, prescription drug costs make up one of the largest portions of healthcare spending. So much of the …

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5 Simple Summer Wellness Hacks For Healthy Living

WEBCombine exercise with summer fun by engaging in gentle activities like yoga, bike riding, and swimming. Summer is an ideal time to take physical activity and turn it …

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New ACA FAQ Clarifies Coverage Requirements for Lactation

WEBThe FAQ states that lactation counseling should be covered by health insurance plans subject to ACA coverage rules, and that lactation counseling and …

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DOL Clarifies ‘Regular Pay’ for COVID-Related Paid

WEBSpecifically, the DOL clarifies that an employer generally should not include the SCA or DBA health and welfare fringe benefit rate when determining the “regular …

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How to Create a Wellness Program for Your Workplace

WEBDoes your company have a wellness program?If not, you need one! Your competitors may already offer a wellness program. We’ve touched on wellness …

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SALES TERRITORIES

WEBWest Coast Region Back Regional Sales Director 5961 Yarmouth Avenue Encino, CA 91316 818 344 5744 office 323 646 4011 cell [email protected]

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