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Medcom Benefit Solutions and Earth Charter International announced this week the forging of a new partnership to work together and promote the development of sustainability and community outreach programs.

About Medcom Benefit Solutions…

Medcom is a leading benefits administration company located in Jacksonville, Florida. Our mission is to contribute to the security and well-being of our employee benefit clients, agency partners, and employees professionally and compassionately. Our vision is to bring innovation and transformative leadership to the Employee Benefit community.

"We are excited about our new...

As we begin a new decade with 2020, businesses are looking for new ways to improve the workplace for their employees. Some companies are held down by their culture, while others are reaching new heights because of it. Here are five great ways your business can improve the company culture, but also become more attractive to future job applicants.

1. Allow employees to express ideas and encourage listening

Creating a work environment that promotes innovation will encourage employees at all levels of the business to offer their insights. Often, opinions will only come from the highest levels...

If all you want for Christmas is an extra $50 in your health FSA, you must have been very good this year. Santa is granting your wish and allowing just that much, as the new FSA contribution was announced last month! However, the gift that keeps on giving may be a little too late for some whose Open Enrollment periods have already ended. If you are one of the lucky ones that are still eligible to make changes to your health benefit elections, take a moment to read below; there are several benefit limitation changes for 2020.

The IRS released the draft instructions for Forms 1094-C and 1095-C on November 13, 2019. And while many, including us, believe there would be some changes due to the reduction of the Individual Mandate to zero dollars, the draft showed little to no changes compared to the previous year.

The changes made in the instructions refer mainly to numerical figures that change year-to-year due to inflation. On page six, the second column section, “Information reporting penalties,” states the total penalty charged for a calendar year will not exceed $3,339,000, a $64,000 increase from 2018. Another noted change is found on...