How Can You Get a Top-Tier Health Insurance Offering Without The Top-Tier Price?

top tier benefits in an employee benefits blog
Employers interested in recruiting and retaining top employees understand the important role of employee benefits in meeting that goal, but now more than ever they must seek innovative ways to optimize health insurance expenses as well as the costs across the entire employee benefits spectrum. So, how can you create a top tier benefit offering for 2019 without paying a top tier price?  More

Must-Knows Regarding Your Retirement Plan Fees

Must Know Retirement Plan Fees in an employee benefits blog
In the world of retirement planning, one of the most complex topics to convey to a client is the concept of fees and how they are billed to a retirement plan. In theory, the method of charging fees is rather basic. However, each party involved in maintaining a retirement plan may bill the plan in a different manner, and unfortunately, some providers are rather adept at hiding their fees so that the plan sponsor and/or plan participants are unaware that these fees even exist. 

Ageism: Are Your Employees Affected?

ageism in an employee benefits blog
It turns out 60% of older employees feel discriminated against due to their age, according to a report from the Equal Employment Opportunity Commission (EEOC). 

However, only 3% of those employees say they submitted a formal complaint about age discrimination. The EEOC report says this indicates underreporting of the issue.  More

Why Productivity is Decreasing (Even While Employees Are at Work)

Photo of unproductive, smoking employee in an employee benefits blog
While offering health coverage and benefits for employees and dependents is a major business expense, lost productivity due to physical and emotional health problems can be far more costly for employers. More

Workplace perks to offer your employees the week of the 4th

Workplace perks to offer your employees the week of the 4th
Many people take the week of the 4th off, and especially, if like this year, it falls mid-week. But, not everyone is able to do so. If you're looking to offer those employees who will actually be working on the 3rd, 5th, 6th and 7th a few special perks for holding down the office, we have some great ideas to share!

6 Tips for Surviving the Summer Heat

Photo of desert and glass of water in an employee benefits blog
We are finally in the thick of summer! During the hot summer months, conditions like heat stroke, heat exhaustion and sun poisoning are common. To avoid a serious, even fatal, complication from too much sun, follow these tips for keeping cool. More

Interest Rates on Federal Student Loans Increase for 2018-2019

Photo of debt calculator and piggy bank graduate in an employee benefits blog
Each spring, interest rates on federal student loans are reset for new loans. For the 2018-2019 academic year, rates are set to increase by more than half a percentage point for new loans made on or after July 1, 2018. More

5 Things You Should Know About Stress

Photo of breaking rope in an employee benefits blog
Everyone feels stressed from time to time. But what is stress? How does it affect your health? And what can you do about it?  More

The Scary Truth About Retirement Plan Fees

The Scary Truth About Retirement Plan Fees
In today’s retirement landscape, it is an unfortunate truth that your employees’ retirement savings can be eroded, unbeknownst to them, by the amount of fees they are paying. This is why it is crucial, as a plan fiduciary, to evaluate the 401(k) plan and its costs on a regular basis. By taking that step and using a reliable benchmarking process, you will assess the reasonableness of fees while also evaluating the relative value for the fee you are paying. The overall goal here is to mitigate fiduciary risks while providing your participants with the tools and resources necessary to succeed in retirement. 

12 Common and Costly Employee Benefits & HR Mistakes

12 costly hr mistakes in an employee benefits blog
Mistakes in employee benefits and human resources can be quite costly to employers—in the form of extra benefits, complaints, lawsuits, government-assessed fines and penalties, and attorney fees, to name a few. Don’t learn the hard way what these mistakes are.  More

FBI Warns of Direct Deposit Phishing Attacks

FBI Warns of Direct Deposit Phishing Attacks
The FBI warns that cyber criminals are posing as HR employees and using a phishing scam to get employees to provide the scammer with access to the company’s self-service payroll platform.

A Trilogy of Briefs: Third Parties Weigh in on 403(b) Litigation

Photo of 3 suite cases showing A Trilogy of Briefs: Third Parties Weigh in on 403(b) Litigation in an employee benefits blog
Last week, three briefs were filed with the US Court of Appeals for the Third Circuit in support of the University of Pennsylvania and its Investment Committee. As you may recall, the UPenn was one of over a dozen universities hit with lawsuits alleging breaches of fiduciary duty in the latter half of 2016. In late 2017, this university was successful in getting all of the charges dismissed; however, that decision is currently under appeal. More

5 Ways to Prevent Workplace Harassment

photo of 3 signs stop all harassment in an employee benefits blog
Harassment is a form of employment discrimination that may violate federal laws like Title VII of the Civil Rights Act, the Age Discrimination in Employment Act and the Americans with Disabilities Act. The Equal Employment Opportunity Commission (EEOC) issued a list of best practices for employers to use in their workplaces to prevent harassment. According to the EEOC, five core principles have generally proven effective in preventing and addressing harassment. 

3 questions your financial planner should ask you before retirement

3 questions your financial planner should ask you before retirement
Without proper planning, the ability to live the life you imagine in your golden years is next to impossible. Your financial planner should be able to help. Has he/she ever asked you the three below questions?  More


pregnant workers fairness act in a benefits blog
The Pregnant Workers Fairness Act (“the Act”) amends the current statute prohibiting discrimination in employment, G.L. c. 151B, §4, enforced by the Massachusetts Commission Against Discrimination (MCAD). The Act, effective on April 1, 2018, expressly prohibits employment discrimination on the basis of pregnancy and pregnancy-related conditions, such as lactation or the need to express breast milk for a nursing child. It also describes employers’ obligations to employees that are pregnant or lactating and the protections these employees are entitled to receive. Generally, employers may not treat employees or job applicants less favorably than other employees based on pregnancy or pregnancy-related conditions and have an obligation to accommodate pregnant workers. 

How the Tax Cuts and Jobs Act (2017 Tax Reform) Effects Your Retirement Plan

Tax Cuts and Jobs Act (“2017 Tax Reform”) became law
On December 22, 2017, the Tax Cuts and Jobs Act (“2017 Tax Reform”) became law. Most of the major provisions of the new tax law affect corporate and individual tax rates, however, a few minor changes which were made to retirement plan provisions that take effect with tax years beginning after December 31, 2017. More

Top 10 Workplace Discrimination Claims

Workplace discrimination in a benefits blog
In 2017, the Equal Employment Opportunity Commission (EEOC) resolved more than 99,109 workplace discrimination claims—securing more than $398 million from employers in the private and public sectors as a result of these claims. Discrimination lawsuits can be very time-consuming and expensive for employers, and can result in a loss of employee morale or reputation within the community. 

Not-for-Profit Plans Seeking Help From Advisors

Not-for-Profit Plans Seeking Help From Advisors in a benefits blog
In a recent PLANSPONSOR article1, David Swallow, senior director of institutional relationships at TIAA in New York claims that 52% of small retirement plans (those with less than $50 million in assets) that currently do not have an advisor are either looking for one or considering doing so. More

Why You Should Care About Retirement Plan Fees

retirement fees in a benefits blog
Fees and expenses are factors that may affect investment returns, and therefore impact people’s retirement income—participants can lose money to retirement plan fees if plan sponsors aren’t careful! More

It’s time we start talking value…

5 things you can do to better educate your employees on their health benefits
As a benefits consultant, I often get the same question from employers: “what can I be doing differently with my benefits?” The issue here is that there are SO many things that employers can do to either differentiate themselves from the competition (recruiting and retention), OR to simply shake things up (believe it or not, even benefits can get stale). More

Critical Cyber Exploits Affect Nearly All Computers

Cyber exploits in an HR trends and employee benefits blog
Cyber security researchers recently announced the discovery of two major security flaws that could allow hackers to bypass regular security measures and obtain normally inaccessible data. The flaws, referred to as Meltdown and Spectre, are both caused by design flaws found in nearly all modern processors. These vulnerabilities can be exploited to access all of the data found in personal computers, servers, cloud computing services and mobile devices. More

Eat Well & Live Well: Healthy habits for a healthy 2018

Eat Well & Live Well: Healthy habits for a healthy 2018
As we ring in another new year, healthy habits are again top of mind. Replacing unhealthy eating habits with healthier ones can be difficult, but starting small will help make this more manageable and sustainable in the end. Start with one simple change and stick to it for a week. After mastering one change, add another. More

New Year Resolution: Forget trends and focus on your employees’ needs

Benefits Resolution in an HR trends and employee benefits blog
It’s that time of year again when the prognosticators come out and tell us what our future is going to look like—which new products and services employers are going to buy to set their firm and their employees up for success with their employee benefits. This year, rather than focusing on the latest and greatest trends, employers should shift their attention to their employees’ actual needs.  More

5 Holiday Party Best Practices

Workplace Holiday Party in an HR trends and employee benefits blog
Workplace-sponsored holiday parties present a host of liabilities for organizations each year. Factors like choice of venue and employees’ religious affiliations can create friction even before alcohol is thrown into the mix. Below are some best practices for hosting a successful holiday party.  More

CVS Health is said to buy Aetna for $69 Billion

CVS Health is Said to Buy Aetna for $69 Billion in an Employee Benefits blog
On Sunday, Dec. 3, 2017, CVS Health, a large provider of pharmacy services, said that it had agreed to buy Aetna Inc., one of the biggest U.S. health insurers, for about $69 billion. This proposed merger, according to industry experts, has the potential to transform the U.S. health care landscape.

Why promote workplace wellness?

Workplace Wellness in an HR trends and employee benefits blog
According to a recent study by the Kaiser Family Foundation and the Health Research and Education Trust, 81% of large employers and 49% of small employers offer wellness programs to their employees. These programs aim to improve employees’ well-being by encouraging them to lose weight, stop smoking or make other positive lifestyle changes. 

Stuff Your Turkey, Not Your Pants: 6 tips to a healthier Thanksgiving

Thanksgiving tips in an HR trends and employee benefits blog
Tis the season of overindulgences—for both your waistline and your wallet. Thanksgiving is the holiday dedicated to the appreciation of fine wines and good food with family and friends…but this doesn’t have to be in excess. This holiday, count your blessings, and if you dare, your calories and your pennies. More

3 Charitable Giving Ideas for This Holiday Season

charitable giving in an HR trends and employee benefits blog
For some, the holiday season is synonymous with charitable giving and showing kindness to your friends, family and even strangers. With that season once again upon us, here are three best practices for charitable giving. More

Open Enrollment Education Opportunities

Open Enrollment Education Opportunities
Open enrollment is a period of time each year when employers permit new employees to enroll in a health plan and allow current employees to make changes to their existing medical coverage. During open enrollment, employees may decide to change plans, add or drop a dependent or add an optional benefit, such as a dental plan. Employers can assist employees during open enrollment by distributing materials that explain new health options and changes to existing benefits.  More

Keeping Children Safe this Halloween

Halloween Safety in HR trends and employee benefits blog
During all the fun of Halloween, it is important to remember that this holiday requires some extra safety precautions... 

Flu Season is Here: Is Your Business Prepared?

Flu Preparation Tips in an HR trends and employee benefits blog
The fall and winter months signal the arrival of peak flu season. While the seasonal flu viruses can be detected throughout the year in the United States, the Centers for Disease Control and Prevention (CDC) reports that the majority of cases occur between December and February.

Latest ACA Repeal Bill Withdrawn

ACA repeal in HR trends and employee benefits blog
The Graham-Cassidy bill, the most recent Republican effort to repeal and replace the Affordable Care Act (ACA), was withdrawn from a vote on Sept. 26 due to lack of support in the Senate, effectively dooming the legislation.  More

10 Year-End Tax Tips for 2017

Tax Tips in an HR trends and employee benefits blog
Here are 10 things to consider as you weigh potential tax moves between now and the end of the year. More

Candidate salary requests a no no

Salary Request in an HR trends and employee benefits blog
The practice of requesting past salary information from job applicants is not uncommon. In fact, most employers who use this practice do so to help determine if it is reasonable to pursue applicants. However, as the United States continues to focus on pay equity, it is becoming a trend to refrain from asking for this information to avoid facing negative legal consequences and potential failures in recruiting. Keep in mind that some states, MA included, have passed laws banning this practice.  More

Donating to Disasters and Avoiding Scams

Donating to Disasters in an HR trends and employee benefits blog
Hurricane Harvey is the strongest storm to make landfall in the United States since Hurricane Charley in 2004. News of the damage it has caused to southeastern Texas is prompting people to help in whatever ways they can. Unfortunately, there are dishonest people who prey upon people’s good intentions, creating fake charity campaigns to exploit victims and take advantage of those who want to help. 

Retirement Plan Litigation Lessons

403(b) Litigation in an HR trends and employee benefits blog
Over the last year, many colleges and universities have been the subject of lawsuits over the management of their 403(b) retirement plans. The complaints in the lawsuits have common threads and they identify patterns of high-risk practices. The courts have begun to weigh in on some of these issues, but their interpretations of the issues vary; the decision by a judge in one Federal District does not necessarily have any bearing on the decision of a judge in another. In fact, earlier this year, several complaints were partially dismissed by judges in two districts, but portions of the complaints that were dismissed were not consistent across jurisdictions. Regardless of what the courts say, plan sponsors are required by ERISA to act in the best interests of their participants.  More

Hiring the Right Advisor

Hiring the right advisor in HR trends and employee benefits blog
In the ever-changing environment of retirement advice, it is important to recognize the fiduciary liability that is attached to offering a retirement program for your employees. Having a plan in place is only half the battle. The other half comes once the plan is up and running and you, the Plan Sponsor, have to comply with all of the fiduciary responsibilities that come with it. For this reason, and for your company, you may want to acknowledge the need to hire a 3(21) or a 3(38) advisor to help look after your plan and mitigate those duties. 

Updated Form I-9 Required Beginning 9/18

Updated Form I-9 Required Beginning 9/18
On July 17, 2017, U.S. Citizenship and Immigration Services (USCIS), part of the U.S. Department of Homeland Security, issued an updated version of Form I-9: Employment Eligibility Verification (Form I-9). Under federal law, every employer that recruits, refers for a fee or hires an individual for employment in the United States must complete a Form I-9.  More

Employee Retention: A top priority

Employee Retention Tips in an HR trends and employee benefits blog
It costs nearly 20% of an employee’s annual salary to replace a current employee. If you are experiencing high turnover, chances are you are experiencing high losses as well. The costs of reviewing applications, processing candidates, conducting interviews, training and purchasing equipment for new hires aren’t only monetary—they also cost time and lost productivity.  More

HIPAA Cyber Attack Response Checklist

HIPAA Cyber Attack Response Checklist in HR trends and employee benefits blog
Under the Health Insurance Portability and Accountability Act (HIPAA), a covered entity that experiences a ransomware attack or other cyber-related security incident must take immediate steps to prevent or mitigate any impermissible release of protected health information (PHI). 

New Fiduciary Rules

New Fiduciary Rules in HR trends and employee benefits blog
The Department of Labor (DOL) released a final rule that expands who is considered a “fiduciary” when providing investment advice to retirement plans and their participants. The rule also applies to individual retirement accounts (IRAs) and health savings accounts (HSAs). 

Snapchat “Snap Map” Safety

snapchat snap map in HR trends and employee benefits blog
Snapchat is one of the top five social media platforms among young people, with approximately 150 million daily active users. While Snapchat is designed to be a fun photo, video and text messaging app, a number of features—particularly the new Snap Map function—pose serious safety concerns. More

HSAs: Saving now for health care costs in the future

Health Savings Accounts (HSAs) in HR trends and employee benefits blog
It is no secret that health care costs continue to rise. For this reason, Health Savings Accounts (HSAs) have become a popular option for health saving in retirement. With Social Security rapidly declining and pensions slowly disappearing, there is a serious need to save for all aspects of retirement living. An overwhelming amount of employers believe that employees should be able to contribute to an HSA without being in a high deductible health plan (HDHP). This promotes saving earlier to alleviate some of the pressures of saving later on in life. More

TotalWealth: Life in a box

Remember when you were a kid. Things were so simple and life was good. Everything you owned could fit into one box—all your worldly possessions in one safe place. As time passed you collected more things…and more boxes. Life became less simple. Do you know where everything is and what everything is worth? Do your employees? We understand everyone’s situation is different, but we also know that we’re all capable of taking control of our personal finances.  More

Health Care Reform Debate: Let’s cut through the noise

Health Care Reform Debate in an HR trends and employee benefits blog
With all of the incessant talk about the Affordable Care Act (ACA) and the GOP’s proposed replacement, the American Health Care Act (AHCA), it’s easy for employers to become confused and overwhelmed. While President Trump signed an executive order directing executive agencies to “minimize the unwarranted economic and regulatory burdens of the Act, and prepare to afford the states more flexibility and control to create a more free and open healthcare market”, the ACA is still the law of the land.

Only One-third of Employees are Engaged at Work

Only One-third of Employees are Engaged at Work
Employee engagement—or the commitment and energy that employees bring to work—impacts productivity and performance. According to a recent Gallup poll, only 33% of employees are engaged at work. More

Cost-saving Strategy: Generic Drugs

Generic Drugs Cost-saving Strategy
Generic drugs can sometimes be misunderstood as subpar or not up to the same quality standards as name-brand prescription drugs. This is unfortunate because generic drugs are not only of the same high quality as name-brand prescriptions, but they usually cost much less (80-85% less). 

8 Ways to Improve Your Company Culture

Ways to Improve Your Company Culture
Culture can be influenced and new norms can be introduced to employees at any time. Even if a company is not suffering from a negative, toxic culture, there are always steps to take to improve company culture for both the short and long term.


Thank you, John.

thank you john
I am amazed at how life constantly reminds us that time is short, that as much as we want to control things, we really aren’t in control at all. It’s hard to believe that it has been a year since our founding CEO and President, John A. Carnevale passed away suddenly. It was the ultimate “life is real” moment for Sentinel Benefits & Financial Group. More

What has 30 years taught us? People and Purpose matter most.

30 year anniversary logo
What lessons have we learned in 30 years? For all of the time we've spent devising strategic plans, building new systems and procedures, or trying to enhance our value proposition to our clients, all of that is useless without great people – authentic, humble, empathetic people – dedicated to fulfilling our purpose as an organization. Our purpose is clear: we are devoted to making a difference in the lives of everyone around us – the people we work with, the clients we serve, and the community in which we live – every day.

Tough questions you should be asking yourself about your group health plans

Questions about your group health plans
There’s no question that the current health insurance market is volatile. If you don’t have time to catch up on the news on any given day, you may have missed one or more important developments. Compliance issues, policy changes, technology development and process innovation throughout the entire bio system of healthcare are making it nearly impossible for most people to stay abreast of all the changes. More

Questions to ask your doctor that will make you a better health care consumer

pills in shopping cart
Patients often accept their doctors’ advice without truly understanding what alternative treatments are available, and what—if any—differences there are in cost and effectiveness among those alternatives. Asking questions can help you decide what treatment plan is best for both your health and your wallet. 

ACA and Employer Health Plans Under President Trump

Trump proposes full repeal of Obamacare
President Donald Trump has made dismantling the Affordable Care Act (ACA) one of the cornerstones of his administration. However, there are more questions than answers right now about what lies ahead for 2017, 2018, 2019 or even 2020, as Republicans continue to reach consensus on important philosophical and policy questions.  More

Another Round of Higher Education Retirement Plan Lawsuits on the Horizon

college library with gavel
In 2016, there was an influx of lawsuits impacting large higher education institutions, in which eight private universities were sued by their employees seeking class-action status over fiduciary violations of ERISA (Employee Retirement Income Security Act) due to excessive fees and other alleged fiduciary breaches.  At that time, some smaller institutions may have assumed that they were safe for the time being – that time would pass before those lawsuits came “downstream” to institutions their size. Not anymore. More

Recruit and Retain: The Power of Voluntary Benefits

Employees raising hands in our HR trends blog
As health care costs continue to rise, so has the value of voluntary benefits. Voluntary benefits allow employers to offer benefits that are attractive to employees without added cost to the company. 

Required Minimum Distribution Rules for Beneficiaries

A piggy bank to show the Required Minimum Distribution Rules for Beneficiaries in our HR trends blog
The Required Minimum Distribution (RMD) rules that apply during a retirement plan participant’s lifetime cease to apply once the participant passes away. Beneficiaries also must take RMDs, but different rules apply to them than apply to participants. The rules for beneficiaries vary depending on whether the participant’s death occurred prior to or after the participant’s RBD and whether the beneficiary is a surviving spouse, other individual, or entity, such as an estate or trust. More

Say Hello to Generation Z

People from Genertation Z working
In the next few years, members of Generation Z—those born between 1995 and 2010—will begin entering the workforce. They are remarkably different than their millennial predecessors and their arrival should force businesses to change their marketing strategies and rethink recruitment and retainment techniques. More

Handling Political Tension in the Office

Employees pulling at a rope to illustrate political tension in the office in an HR trends blog
Politics are an especially polarizing force that separate us from one another. That divide is felt at home, in public and even in the workplace—where it can be particularly disruptive, according to a Society for Human Resource Management (SHRM) article. More

5 Financial resolutions to ring in 2017

5 Financial resolutions to ring in 2017
According to the 8th Annual Fidelity® Resolutions Study, the top picks among 2017 financial resolutions are to save more (50%), pay down debt (28%), spend less (16%), and effectively reduce stress.

For many of us, New Year’s resolutions often vanish in a couple of weeks. But, even if you’ve resolved before and failed, your personal finances deserve the re-commitment. More

Marketplace Plan Premiums Rise 25 Percent

2017 Marketplace Plan Premiums Rise 25 Percent in the HR trends blog
The open enrollment period for obtaining health coverage for 2017 through the Affordable Care Act (ACA) Marketplace begins Nov. 1, 2016, and ends Jan. 31, 2017. The 2017 Marketplace looks a bit different than it did last year, especially in regards to increased premium costs. More

IRS Issues Retirement Updates

Photo of money on plate in HR trends blog
The IRS recently published Notice 2016-62, which details the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2017 tax year. More

5 Things We're Thankful For (besides turkey of course)

Photo of maple leaf with heart cut out of center to illustrate what we are thankful for in HR trends blog1
As much as we enjoy food, family and football here at Sentinel, we are forever thankful for these five things... More

New Rules Affect Retirement Savings Advice

Photo of United States Department of Labor in a HR trends blog
On April 6, 2016, the Department of Labor (DOL) issued new "conflict of interest" rules regarding financial advice as it relates to retirement plans and IRAs. The new DOL rules generally hold financial professionals to a fiduciary standard if they receive compensation for providing investment advice to retirement plans, their participants, or IRA owners, which means they must act impartially and in their clients' best interests.  More

A Memo from a Millennial Mind: Understanding your younger employees

A photo of Ava Carnevale demonstrating a millennial in the workplace in an HR trends blog
Growing up a “millennial”—defined as anyone born between 1982 and 2004—I have been called many things – insatiable, indecisive, ignorant, and my favorite, lazy—all because of the generation I was born into. I’m writing this to offer some explanation to the preconceived notions that define Gen Y in order to help you better understand your younger employees and what’s really important to them. More

National Cyber Security Awareness Month: Know where your data sleeps

Photo of leaves showing national cyber security awareness month in an HR trends blog
It’s October and the leaves are changing color and starting to fall off the trees in New England. Another year is quickly coming to a close. October is also National Cyber Security Awareness Month and a time to review your organization’s cyber security strategy and preparedness. Just like the seasons, Information Technology (IT) is always changing and creating challenges and opportunities to review and improve operations. More

A Win for Fiduciaries: Important lessons for plan sponsors

Plan Sponsor fiduciary in a HR trends blog
An important decision was recently made in the ongoing saga of fiduciary lawsuits. The U.S. District Court for the Northern District of California granted a motion to dismiss a 401(k) fiduciary breach suit brought against Chevron.1 The suit was filed on behalf of plan participants by Schlicter, Bogard & Denton of St. Louis, the firm now responsible for over 30 such claims against plan sponsors. In its 35-page decision, the court shed light on many of the fiduciary responsibilities which have come under fire in recent years. More

Should Employees Be Allowed to Play Fantasy Sports at Work?

Photo of a football showing Fantasy football in a HR trends blog
More than 56 million Americans play fantasy football—37 million of which are employed full time. While many employers may be concerned about loss of productivity during the 17-week football season, there are actually many benefits that can be achieved by allowing employees to play fantasy sports in moderation at work. More

Are Your Retirement Plan Fees Too High? Understanding the Influx of Lawsuits Affecting Higher Ed. Institutions

Books showing Lawsuits Affecting Higher Ed Institutions in a HR trends blog
Higher educational institutions find themselves having to deal with multiple, seemingly conflicting priorities as they balance the best interests of students, staff, faculty, rising costs, enrollment challenges and compliance fatigue.  In light of the recent flurry of lawsuits and the new DOL Fiduciary Rule, colleges and universities are now also being forced to take a closer look at their fiduciary responsibilities as it relates to their 401(k) or 403(b) plans. And with good reason. More

A Brexit Update: What you need to know

Photo of UK flag with Brexit lettered in the middle in a HR trends blog
On June 23rd, UK voters decided to leave the European Union (EU) by a margin of 52% – 48%. For months in advance of this referendum, the potential for the UK leaving the EU has been known as “Brexit”. In the immediate aftermath of this historic decision, global markets have been thrown into chaos, UK Prime Minister David Cameron has resigned effective in October and investors worldwide are justifiably asking what’s next? More

Are Your Female Employees Living in the Sandwich Generation?

Photo of person holding sandwich to illustrate the sandwich generation in the HR trends blog
Women play a large role in today's workforce, but oftentimes, when their career is reaching a peak and they are looking ahead to their retirement, they may find themselves having to help their children with college expenses or the financial challenges of  young adulthood, while at the same time looking after the needs of their aging parents. Squeezed in the middle, they're in the "sandwich generation"a group loosely defined as people in their 40’s to 60’s sandwiched between caring for children and aging parents. More

Cash, Money, Claims: Avoid over-paying for prescription drugs

Photo of dollar bill covered in pills to show the cost of prescription drugs in the HR trends blog
While continued price hikes are unfortunately not all that surprising in today’s climate, the lack of control and transparency in the drug industry makes it extremely difficult for consumers to make informed decisions about their prescribed medical needs. How much consumers pay at the pharmacy  depends on an array of factors: health insurance policies and copayments and deductibles, pharmacies, and the pharmaceutical benefits managers (PBMs) negotiating prices behind-the-scenes. More

5 Solutions for Promoting Sleep at Your Company

Picture of woman sleeping with alarm clock next to her to show the importance of promoting sleep at your company in the HR trends blog
According to a study from Virgin Pulse, 76% of employees reported feeling tired most days of the week. Fatigue and exhaustion can be a serious problem for your business. Fatigued employees are less likely to be productive and focused on the job. This lack of focus can lead to more mistakes, procrastination and a negative work environment.

Retirement Planning: Whose interests come first?

Picture of compass with word 'retirement' at top to illustrate the importance of retirement planning in the HR trends blog
The recent fiduciary proposal set forth by the Department of Labor has many retirement plan sponsors asking what this will mean for them and their employees moving forward. The overarching theme of this initiative is to ensure that financial advisors are acting in the best interests of the retirement plan participants and the plan sponsors. Although this might seem like common sense to most of us, there haven’t been clearly defined guidelines in the past regarding certain actions which may result in a conflict of interests between the financial advisor and the retirement investor. More

Be a fi-DO-ciary

Photo of John Carnevale with daughter Ava to show the importance of being a good fiduciary in the HR trends blog
Thinking of my dad, John Carnevale, JD, AIF®, today. One of my favorite “Johnisms” was:

Week #11: "Do the right thing. Always. Demonstrating an unwavering commitment to doing the right thing in every action you take and in every decision you make, even when no one's looking. Always tell the truth. If you make a mistake, own up to it, apologize and make it right."

10 Ways to Implement a Successful HSA

Picture of piggy bank looking at calculator to show 10 ways to implenent a HSA in the HR trends blog
Offering a health plan that includes an HSA option is something an increasing number of employers are choosing to do. You may not be sure where to begin when trying to implement a successful HSA plan, but by following these suggestions, you can ensure that your plan is successful and beneficial to your employees. More

5 Important HR Issues to Monitor for 2016

Picture of fortune cookie cracked open to illustrate some recent HR issues in the HR trends blog
Employers have new challenges to contend with in 2016, resulting from Supreme Court decisions, federal and state legislation, and actions by federal regulatory agencies. There is a real cost for employers who fail to comply with new laws. For example, the most recent Performance Accountability Report for the Equal Employment Opportunity Commission (EEOC), states that victims of discrimination received more than $525 million from private and government workplaces in 2015. More

A thought to start your week: In loving memory of John Carnevale

Photo of John Carnevale in the HR trends blog
John started each week by sending inspiration (via email) to encourage all of us at Sentinel to always put our best foot forward with each other, our clients and anyone we may cross paths with. Below are 10 of my favorite Johnisms. In a nutshell, these life lessons define what mattered most to him, and what will continue to resonate with us all in his absence. More

9 Ways Your 401(k) Plan Design can Help You Pass ADP Testing

Picture of lightbulbs drawn on a piece of paper to illustrate ways your 401(k) plan design can help you pass ADP testing in HR trends blog
Each year, qualified 401(k) plans are required to pass the Actual Deferral Percentage (ADP) test, which is designed to ensure retirement benefits do not disproportionately favor highly paid employees. Should the plan fail, HCEs might be subject to refunding the plan in order to maintain plan compliance. More

5 Tips to Help get Your Older Employees Back on Track!

Picture of track equipment to illustrate the importance of gertting older employees on track in HR trends blog
Being positive about situations helps in all aspect of life. Planning for retirement is no different. Our financial advisors think it’s never too late to start or plan for the golden years of your life! The reason we are optimistic is that we are planners. With a proper plan in place, much can be accomplished if you put the work and time in that it deserves. More

Are HSAs Going Mainstream?

Picture of rows of piggy banks to ask: Are HSAs going mainstream? In HR trends blog
Health Savings Accounts (HSAs) are still in their teenage years. First introduced in 2003, HSA adoption has been slow, particularly in some states (ahem, Massachusetts). Now, over 12 years later, are HSAs finally going mainstream?  More

Information Overload: A blessing and a curse

Picture of businessman asleep in front of laptop to illustrate information overload in the HR trends blog
Technology is a blessing and it can be a curse. We are surrounded by data, devices and technologies that are meant to simplify our lives. Often they can do the opposite and overwhelm even the simplest of tasks. We live in an age when companies are building iPads into baby strollers and biotech firms are manufacturing microscopic computer chips to interact with blood cells. It’s true. More

Feeling the Pain? Prescription Drug Costs Still on the Rise

Picture of drugs made into dollar sign to illustrate the rising prescription drug costs in a HR trends blog
Now that most large employers have completed open enrollment and many employees have had some exposure to their new health plans, I thought I’d provide some insight into why your plan probably has a higher deductible, your prescription drug tiers may have changed and/or your per pay period payroll deductions probably increased. Drug costs continue to be on the rise—new specialty drugs, as well as many commonly used generic brands have surpassed the inflation rate—sometimes by a long shot! It’s no wonder that more than 75% of Americans now say their top health concern is the rising price of prescription drugs. More

Stable Value Funds – Rising Rates, Liquidity and Performance

Photo of stock market analytics on ipad in HR trends blog
Stable value funds remain popular options in many defined contribution plans. A recent Vanguard study indicates that 57% of defined contribution plans offer a stable value fund. Recent news has highlighted the impact of rising rates on bond performance and market liquidity, and much of this press has focused on the high yield or “junk” bond market, but what about stable value funds? More

3 Financial Planning Tips to Help you Jump Start 2016

Photo of financial planning analytics to show importance of financial planning tips in a HR trends blog
With the passing of another year comes the anticipation of and the opportunity for a fresh start. Below are three financial planning tips to help you jump start 2016. More

Educating Employees on Cyber Security

Picture of skull on data background to illustrate importance of educating employees on cyber security in a HR trends blog
Employees’ lack of cyber security knowledge may pose one of the greatest risks to an organization’s network and data security. One of the greatest vectors for an attack is email. Hackers often send “phishing” emails that contain viruses which can then be opened by unsuspecting employees. More

Health Savings for the Golden Years

Picture of piggy bank and bottle of medicine balanced on seesaw to illustrate importance of health savings and retirement in a HR trends blog
Piggy-backing off of John Carnevale's previous post How Your Health Insurance Program can Better Prepare You and Your Family for Retirement, I want to reiterate the importance of saving for medical expenses in retirement. More

How to Make Your Organizational Changes Stick

Photo of construction safety sign to show how to make your organization changes stick in the a HR trends blog
Most organizations emerging from the challenging economy of recent years are still looking for ways to optimize improvement. Achieving enduring, true improvement is not a sprint; think of it more as a marathon. Effective change planning requires significant analysis, time and effort and should include the following three questions: More

5 Things We're Thankful For (besides turkey of course)

Photo of maple leaf with heart cut out of center to illustrate what we are thankful for in HR trends blog
As much as we enjoy food, family and football here at Sentinel, we are forever thankful for these five things... More

6 Steps to Making Innovation Successful

Photo of lightbulbs hanging on blue background to illustrate importance of making innovation successful in a HR trends blog
In recent years, numerous discussions with non-profits, higher education institutions, federal agencies and commercial organizations have shown me that innovation is as sought after as the Holy Grail.  

I recently attended a terrific session on innovation at a recent EACUBO Annual Meeting in which renowned innovation expert, Jeff Hoffman, described innovation as a process and an exercise. His session highlighted key components of innovation including the power of wonder, looking at old things in new ways (think recombination), open-mindedness, information seeking (he calls it “info sponging”), etc. More

Employee Benefit Plan Audits Under Fire

Picture of folders stacked to illustrate employee benefit audits in a HR trends blog
Earlier this year, the U.S. Department of Labor (DOL) published a study conducted by independent qualified public accountants (IQPAs) that assesses the level and quality of audits of ERISA-covered employee benefit plans. Not surprisingly, their findings included a strong correlation between the number of employee benefit audits performed by a CPA firm and the quality of the audit performed. More

How Your Health Insurance Program can Better Prepare You and Your Family for Retirement

Picture of coins in jar Preparing your family for retirement in a HR trends blog
With the coming of autumn comes open enrollment season for most businesses. More than likely, your Human Resource department is busy putting the final touches on your company’s 2016 benefits package and soon you will be asked to make your selections. This year, you should ask if your company offers a Qualified High Deductible Health Plan (HDHP). More

Your Group Health Benefits Program Needs a Strategy: Addressing the Generational Changes Impacting Your Business

Photo of toddler dressed in business clothes with briefcase illustrating the need to address how generational changes impacting your business in a HR trends blog
My business partner and Sentinel’s CEO, John Carnevale, recently wrote a blog post on creating a strategy for generational changes impacting your business. His theme was mainly centered on the Baby Boomer generation and the impacts they may be having on your business. I’d like to take his concept a step further and address how having four generations of workers (The Veterans or “greatest generation”, Baby Boomers, Gen X and Gen Y a/k/a Millennials) complicates how you should serve your employee population, particularly in the area of healthcare. More

Life Changes That Have a Big Impact on Your Finances

Picture of goldfish jumping from small bowl to big bowl to show life changes that have a big impact on your finances in a HR trends blog
Whether you planned for them or not, life’s little changes have a big impact on your financial future. More

The Importance of 401(k) Education

Picture of highlighter highlighting the word 'retirement' to show the importance of 401(k) education in a HR trends blog
Whether employees are close to retirement or have decades left in the workforce, saving for retirement is a key component of their financial security. Offering a 401(k) account or other retirement benefits as part of your benefits packages can increase employee loyalty, especially if you offer a contribution match. Good retirement benefits are also a great recruitment and retention tool. However, benefits are only helpful if your employees are aware of and understand them. More

Should You Expect an Independent Audit Based on the Size of Your Retirement Plan?

Picture of magnifying glass to illustrate the question of having an independent audit done in a HR trends blog
With the July 31st Form 5500 deadline for qualified retirement plans approaching, it’s important for plan sponsors to familiarize themselves with the audit compliance rules associated with qualified retirement plans. More

Insurance Tax Reporting Requirements: SSN Collection Process

Picture of financial analytics, a calculator and a pen to illustrate the SSN collection process in a HR trends blog
Starting in 2016, health insurers and plan sponsors of self-insured group health plans are required by the Patient Protection and Affordable Care Act to collect and send to the IRS information about individuals’ health insurance coverage for the previous calendar year. More

Changing the Future for America

Photo of American flag to show the retirement apocalypse in a HR trends blog
If nothing changes in the next 15 years, Americans will face a “retirement apocalypse.” These are not my words, but those of Brock Johnson, Head of Retirement Solutions at Morningstar. His keynote address this past week at PLANSPONSOR's National Conference in Chicago painted a bleak picture concerning the state of retirement readiness in America. It also made me think about how easy it would be to change the future for America if business leaders leveraged their unique position in society. More

Your Benefits Program Needs a Strategy: Addressing the Generational Changes Impacting Your Business

Photo of old man in contemplation to illustrate generational changes impacting your business in a HR trends blog
The Baby Boomer generation (those born between 1946 and 1964) is reaching retirement age, but they aren’t retiring—at least not at the rate they should be. And, as the largest generation born in U.S. history, the sheer numbers coupled with their reluctance to leave the workforce will impact businesses in the years to come. Organizations that take the time to strategize now will have a competitive edge in the future. More

Women, it's time to make health a priority!

Picture of woman holding up a heart in a sunset to illustrate the importance of women making health a priority in a HR trends blog
National Women’s Health Week is an observance led by the U.S. Department of Health and Human Services Office on Women’s Health. The goal is to empower women to make their health a priority and, thankfully under the Affordable Care Act (ACA), more types of preventive care must be provided to women at no extra cost! More

12 Health Care Coverage Questions for Parents of Young Adults

Photo of cupcake with candles to illustrate the important health care coverage questions for parents in a HR trends blog
The Affordable Care Act (ACA) has made sweeping changes to the U.S. health care system, including an extension of health insurance coverage to young adult children up to the age of 26. If you have or know a young adult keep reading... More

6 Tips to Spring-Clean Your
Employee Handbook

Picture of cleaning products to show the importance of cleaning out your employee handbook in a HR trends blog
Now that benefits open enrollment is finished, you may want to consider dusting off your employee handbooks for an annual review. Regularly reviewing employment policies and procedures is becoming increasingly important as workplace legislation and regulations continue to change. More

What Every Beginning Investor Should Know

Photo of businessman reaching hand up in stock analysis to show what every beginning investor should know in a HR trends blog
The idea of making your money work for you through investments has an obvious appeal to it. However, investing—especially for beginners—can be tricky. Here are four questions to help get you started. More

Fighting the Flu in the Workplace

Picture of sick business woman with cluttered desk to show importance of fighting flu in workplace in a HR trends blog
The U.S. Centers for Disease Control and Prevention estimates that sick days and lost productivity lead to a $7 billion loss each year for employers! More

Automatic Enrollment: It Works.

Picture of 'now' and 'later' with check-boxes to show how Automatic Enrollment works in a HR trends blog
During the last quarter of 2014, I had the pleasure of meeting with many of our clients by participating in their retirement plan committee meetings. As the conversations unfolded, invariably the topic of participation came up and questions focused on the topic of Automatic Enrollment. Does it work? Do participants get upset when they are automatically enrolled? More

Marijuana in the Workplace

Photo of marijuana leaf on gavel to show the controversey of marijuana in the workplace in a HR trends blog
The use of marijuana, which is classified as a Schedule I substance under the Controlled Substances Act, is prohibited by federal law. However, many states have legalized medical and/or recreational marijuana. Twenty-four to be exact (AK, AZ, CA, CO, CT, DC, DE, HI, IL, ME, MD, MA, MI, MN, MT, NV, NH, NJ, NM, NY, OR, RI, VT, WA). And the changing legal and social acceptance of the drug can create uncertainty for companies when creating and enforcing workplace drug policies. More

3 Must-Read Books for Investors

3 Must-Read Books for Investors
If you’re looking for a few good reads for holiday gifts, we have some recommendations you won’t want to miss! More

Large Employers by the Numbers

Large Employers by the Numbers
Renewal season is upon us! January 1st is often a common health insurance renewal date for employers nationwide. As companies begin to assess their benefit offerings, keep in mind the top 10 large employer trends for 2015 and beyond...

New Rules. New Opportunity. IRS Notice 2014-54 Creates Favorable Treatment of After-Tax Dollars.

New Rules. New Opportunity. IRS Notice 2014-54 Creates Favorable Treatment of After-Tax Dollars.
The majority of retirement plan participants contribute pre-tax dollars and receive a tax deduction for their contributions. However, some plans allow participants to make additional “after-tax” contributions over and above the deductible IRS limits ($17,500 for 2014), up to the annual defined contribution plan limit ($52,000 for 2014). More

Early Results are in…

Early Results are in…
As a follow up to our Top Ten Things to Know about the ACA Exchange Enrollments, the NY Times chimes in with early results for question #9 What is the health status of the 8+ million enrolled?

To Carry, or Not to Carry…That is the FSA Question

To Carry, or Not to Carry…That is the FSA Question
October 31, 2013. Almost a year ago, this was the day that changed Flexible Spending Accounts (FSAs) forever. With this brand new piece of legislation, employers now have options when it comes to how they run their FSA accounts. Before we get ahead of ourselves, though, let’s take a trip down memory lane.

Back to School for HSAs!

Back to School for HSAs!
After seeing the Alegus Technologies’ study on the misconceptions of HSA accountholders, I was struck at how much we have missed the mark on helping people realize the true benefit of their HSA. More

Breaking News: Heath Care Reform is Confusing

Breaking News: Heath Care Reform is Confusing

It’s almost impossible to escape the daily barrage of news stories, updates, conflicts and changes to the Patient Protection and Affordable Care Act, a/k/a Obamacare.


The Truth About Automatic Enrollment

The Truth About Automatic Enrollment
Since its inception in 2006, automatic contribution arrangements (automatic enrollment) has steadily grown as a plan provision implemented by Plan Sponsors. Some industry experts have loved the feature, while others have squawked at its effectiveness. More

Top 10 Things to Know about the ACA Exchange Enrollments

Top 10 Things to Know about the ACA Exchange Enrollments
In light of David Letterman’s retirement announcement, we’ve compiled our own ‘Top 10 List’ on the recent announcement that 8+ million people have signed up for health insurance through the Exchanges. More

3 Steps to Retirement Success with a Registered Investment Advisor

3 Steps to Retirement Success with a Registered Investment Advisor
Taking on the fiduciary responsibility that comes with being a plan sponsor is no easy task. By partnering with a registered investment advisor, you can receive assistance establishing a plan that will not only support your company goals, but ultimately help you and your employees build a better retirement future. More

2 Must-Read Books for Plan Sponsors

2 Must-Read Books for Plan Sponsors
If you’re looking for a couple good reads to cozy up with during these winter months (or take with you on vacation), we have some recommendations you won’t want to miss! More

5 Reasons Why a Workplace Wellness Program Should be on Your Company’s List of New Year’s Resolutions

5 Reasons Why a Workplace Wellness Program Should be on Your Company’s List of New Year’s Resolutions
The New Year represents a time of new beginnings. For many, this means a recommitment to eating better and exercising more. But, the New Year doesn’t have to be a time to simply focus on individual health; it can also be the time to start addressing your company’s wellness needs too. Changing your business culture to be more health-oriented means more than just a new gym membership: it means thinking about workplace wellness programs and the benefits of a healthier workplace. Here are five reasons workplace wellness is worth looking into this year! More

6 Ways to Increase Plan Participation

6 Ways to Increase Plan Participation
Getting your employees engaged in their retirement planning is a big obstacle you must overcome as a plan sponsor. More

Healthy Holiday Choices – How to Limit Your “Gobbling” this Thanksgiving

Healthy Holiday Choices – How to Limit Your “Gobbling” this Thanksgiving
Thanksgiving is tomorrow and, that means family, football, and of course lots of food! Here are some quick healthy tips to ensure that you don’t end your Turkey Day feeling fowl! More

FSAs – Ready to Roll!

FSAs – Ready to Roll!
Big things are happening in the world of of the most frustrating aspects for employees has changed! More

Five Must-Haves of a Great Health Insurance Broker

Five Must-Haves of a Great Health Insurance Broker
Let’s face it, choosing the right group insurance broker for your company is no easy task, but that’s no reason to settle for mediocre service. More

HSA: An Opportunity for Both Employers & Employees to Save

HSA: An Opportunity for Both Employers & Employees to Save
Employers across the country are starting to embrace high deductible health insurance plans. These plans offer a long-awaited opportunity for companies to rein in ever-rising healthcare costs while encouraging employees to be more accountable for their own well-being. In 2012, over 13.5 million people were covered by high deductible health insurance plans, 2 million more than the previous year. More

Employers' Responses to the Affordable Care Act

Employers' Responses to the Affordable Care Act
The Affordable Care Act continues to significantly affect employers across the nation. In fact, many employers plan to make some organizational changes—from offering wellness-based care to hiring fewer total employees—as a result of health care reform. As provisions continue to take effect, how are employers reacting to and coping with the changes? For more than three-quarters of respondents to the 2013 Health Care Reform Survey (approximately 3300 people), health care reform has increased, or is expected to increase, their organization’s health benefit costs. More

Top 5 Best Practices for Investment Committee Success

Top 5 Best Practices for Investment Committee Success
Does your investment committee follow clear guidelines for managing your company’s 401k plan? If not, then the risk of liability is higher than it should be. More

Separating Fact from Fiction: The Potential Risks and Rewards of Hiring 3(16) Fiduciaries

Separating Fact from Fiction: The Potential Risks and Rewards of Hiring 3(16) Fiduciaries
Together with the Wagner Law Group, we have put together  Separating Fact from Fiction: The Potential Risks of Hiring 3(16) Fiduciaries, a comprehensive whitepaper to help plan sponsors better understand their fiduciary responsibilities and operate successful qualified plans under ERISA. More

Confused at Checkout? What the PIN option means for Benny card users

Confused at Checkout? What the PIN option means for Benny card users
A new regulation that gives users of Benny pre-paid benefits cards the option of assigning a personal identification number (PIN) to their card is generating some confusion. More

How Does Your Health Plan Measure Up?

How Does Your Health Plan Measure Up?
Did you know that the average office visit copay in 2012 was $27.00? More

Health Care Reform Version 2.0: Implications for One and All

Health Care Reform Version 2.0: Implications for One and All
On August 6, 2012, Massachusetts passed Chapter 224 of the Acts of 2012 in an effort to slow the rate of state healthcare spending. In his recent white paper  MA Healthcare Reform Version 2.0: Implications for One and All, Rob DiMase breaks down what this ambitious mandate could mean for healthcare providers, employers, and consumers moving forward. More

Healthcare Is Changing. But Will You Save Money?

Healthcare Is Changing. But Will You Save Money?
It’s a confusing time in the healthcare world. The politicians say they are working to drive down medical costs, but then new “consumer friendly” products and services emerge laden with fees and other hidden expenses. More

Innovative Tools That Can Help Reduce Health Care Costs

Innovative Tools That Can Help Reduce Health Care Costs
Health care spending has drastically increased over the last fifty years and this upward trend shows no immediate sign of slowing. In fact, a recent report by the Centers for Medicare & Medicaid Services (CMS) estimates that nearly one-fifth of the gross domestic product (GDP) will be spent on health care by the year 2020. More

Credit Cards: How to Manage Credit Card Debt and Live a Happier Life

Credit Cards: How to Manage Credit Card Debt and Live a Happier Life
Congratulations! You were just approved for your first credit card. Not only that, but the credit limit you got is higher than you imagined it would be. Wow! You must be doing great or else the credit card company wouldn’t have given you such a high credit limit, right? More

Enough with the Headlines…

Enough with the Headlines…
Yesterday, our local newspapers touted how small-business health co-ops will “slash” rates. Really? The reality is the product offered to the co-op is where the savings will be generated and this product will be available to small businesses whether they are in a co-op or not. More

Fast Track Your Employees' 401(k) Plan

Fast Track Your Employees' 401(k) Plan
This past week, Sentinel Benefits & Financial Group hosted its 11th Annual Client Educational Exchange at the Henderson House in Weston, Massachusetts. The event was well attended and client feedback has been wonderful.  More

New DOL Regulations: Time to Review Your 401(k) Plan Fees

New DOL Regulations: Time to Review Your 401(k) Plan Fees
Fees are on the agenda at the Department of Labor these days.  The DOL has been studying the issue for years but now they are more serious than ever.  New regulations will go into effect next year that will require you to understand the fees and expenses your plan pays – and exactly who is getting paid. More

Market Volatility – Let’s put it in perspective.

Market Volatility – Let’s put it in perspective.
Volatility - I think I have heard that word too many times over the last few weeks. Yes, it looks like a majority of Americans who are active in the stock market, or who have 401(k) plans, will once again leave on Friday with an upset stomach and have trouble sleeping over another weekend. More

Can We Have An Adult Conversation?

Can We Have An Adult Conversation?
When my wife and I asked our young son if he would prefer a short trip to Disney World for his birthday in lieu of another in a seemingly endless string of afternoon bowling, laser tag or arcade parties, he chose Disney World. More

Is it Time to Buy Life Insurance?

Is it Time to Buy Life Insurance?
I guess the majority of people feel like they're never going to die. The results of a study done recently showed that 69% of single parents with children living at home don't have any life insurance. This is a problem. I don't know if the problem is that there are too few life insurance salespeople or there are too few people who are willing to think about life insurance. More

Rate Caps Nearly Over, Provider Disruption on Deck

Rate Caps Nearly Over, Provider Disruption on Deck
Now that Blue Cross Blue Shield of MA has joined Neighborhood Health Plan, Harvard Pilgrim Healthcare and Tufts Health Plan in crafting a compromise with the MA Division of Insurance we can now look forward to the next battle looming over the rising cost of health care, network disruption. More

Still Made in America

Still Made in America
Recently I was called by a firm that represented an outsourcing company in India.  The woman on the phone said that she was referred to me by a friend who managed a firm similar to Sentinel Benefits.  She went on to say that my friend was running a very successful business by outsourcing certain work functions to India.  Apparently, the firm in India has acquired and has been trained on the same software system that we use to provide administration services to our clients.  And, because they are living in India, they can do the work for far less money than it costs Sentinel to pay local employees. More

The Trouble with High Deductible Medical Plans

As healthcare costs continue to rise, more and more businesses are forced to control costs by reducing benefits. The latest trend is to offer employees high-deductible medical plans where employees and families must pay the first $1,000 to $3,000 as a deductible before insurance begins to pay benefits. More

The Plan Document – More Like Guidelines or Actual Rules?

The Plan Document – More Like Guidelines or Actual Rules?
As the EGTRRA restatement window closes for pre-approved DC plans and begins to open for pre-approved DB plans, I thought I would pontificate on the importance of the plan document. Operating the plan inconsistent with terms in that document is an operational failure that can threaten a plan’s qualified status. More

Is your company not being reimbursed for the COBRA subsidy?

Is your company not being reimbursed for the COBRA subsidy?
One thing I learned a long time ago was never to assume. More

Who am I and Why am I Blogging?

Who am I and Why am I Blogging?
For the past 22 years, I have been the President & CEO of Sentinel Benefits & Financial Group. When I walk through the halls of Sentinel Benefits and listen to the types of conversations our experts are having with clients, I am humbled by the team that I am fortunate to lead. More