Happy holidays and important business dates for 2020

It’s the time of year to reflect and share what we’re thankful for – and for us, we are thankful for you, our families, our friends and our great staff! We wish you all a wonderful holiday season!

Bene-Fit Solutions Partner/Vice President of Sales Tyler Johnston said 2019 has been a strong year for Century Financial Group, Strategic Staffing Solutions, and Bene-Fit Solutions.

“We are fortunate to have many long-term clients whom we love serving. In 2019 many other organizations became clients and we are grateful to also have them on board.

“2020 will be another exciting year for our organizations as we continue to grow and evolve our service offering. Stay tuned for some significant announcements in the new year.”

Tyler said with 2020 just around the corner, there were numerous dates worth putting in the calendar now, so these deadlines are met.

“If you are a current client, and we are servicing these areas for you, our staff is on the case and will handle these for your company. If we are not doing these items for you, we would be happy to discuss this with you. Please let us know how we can help. If we help you win and succeed, we win as well.”

January 31, 2020

  • Form 940 Filing Deadline

  • Form 941 Filing Deadline (4th quarter)

  • Forms 1095-B and 1095-C Distribution Deadline

  • Forms W-2 and 1099-MISC Distribution Deadline

  • Forms W-2 and W-3 Filing Deadline

February 1, 2020

  • Deadline for Posting OSHA Form 300A

February 28, 2020

  • Forms 1094-B, 1095-B, 1094-C, and 1095-C Filing Deadline (paper filers)

March 1, 2020

  • Medicare Part D Creditable Coverage Disclosure Deadline (for calendar year plans)

March 2, 2020

  • Form 8027 Filing Deadline (paper filers)

  • Form M-1 Filing Deadline (for MEWAs and ECEs)

  • OSHA Electronic Injury and Illness Data Reporting Deadline

March 31, 2020

  • COBRA General Notice Deadline (for calendar year plans)

  • Forms 1094-B, 1095-B, 1094-C, and 1095-C Filing Deadline (electronic filers)

April 30, 2020

  • Form 941 Filing Deadline (1st quarter)

  • Removal of OSHA Form 300A

  • Summary Plan Description (SPD) Deadline (for 2020 calendar year plans)

July 30, 2020

  • Summary of Material Modification (SMM) Deadline (for changes to calendar year plans made in 2019)

July 31, 2020

  • Form 5500 Filing Deadline (calendar year plans)

  • Form 941 Filing Deadline (2nd quarter)

  • PCORI Fee Deadline

August 1, 2020

  • VETS-4212 Filing Opens (federal contractors)

September 30, 2020

  • VETS-4212 Filing Deadline (federal contractors)

October 15, 2020

  • Medicare Part D Creditable Coverage Notice

October 31, 2020

  • Form 941 Filing Deadline (3rd quarter)

Health insurance premiums expected to drop

Here’s news you may not have expected to read today – medical costs, including health insurance, are expected to drop following a series of announcements that are bucking the trend of rising costs.

Included in the good news is:

  • Legislation has been introduced to allow for both health savings accounts (HSAs) and flexible spending accounts (FSAs) to be utilized without any tax consequences. This means if the legislation passes (as expected) some over-the-counter medications, dental and optical expenses will be able to be purchased using FSA or HSA funds.

  • Both the FSA and HSA contribution limits will rise by $50 to $2750 and $3550 respectively.

  • The Prescription Drug Pricing Reduction Act (PDPRA), passed at the end of September, is expected to have a significant positive impact on drug pricing. PDRPA aims to improve pricing transparency and combat unscrupulous industry practices. The Congressional Budget Office anticipates PDRPA will save more than $100 billion in patient and taxpayer money over the next 10 years.

  • In Colorado, individual insurance plans are tipped to drop by around 20 per cent, primarily driven by increased competition and the introduction of a reinsurance program. Group insurance rates are also expected to decline significantly.

Century Financial Group ‘benefits guru’ Stephanie Howell said the combination of all these developments will hopefully result in an expected decrease in medical insurance costs in 2020.

“2020 represents the first time in recent memory where medical costs are anticipated to be lower than the prior year. While it is still too early to confirm rates for group insurance, we look forward to sharing positive news with our clients in the New Year as carrier pricing unfolds.”

Top 10 craziest reasons for missing work

When it comes to crazy excuses for being late, or missing work altogether, the HR team at Bene-Fit Solutions has heard them all. Some have made them laugh, some have made them cry. Regardless of the reaction, they’ve teamed up to bring you ten of the craziest. For some light reading this holiday season, we invite you to enjoy the following.

10) Dead or alive: a Dallas accountant had left his team perplexed after missing multiple days in the office. The team manager sent him a text message to find out his whereabouts only to receive a reply from the employee’s mother saying her son had died. As it turned out he was alive and well, but his excuse cost him his job!

9) Old habits drive hard: a Fort Collins employee started his work day drive with good intentions, however he drove to his former place of employment. Seemingly still half asleep and yet to have his first coffee of the day, he phoned in on arrival and explained he’d be late.

8) Trick or treat excuse: a Chicago plumber failed to turn up to work on October 31 believing that Halloween was in fact a public holiday.

7) Airing your dirty laundry: a San Diego man phoned his manager ahead of his shift to say he would be late because he had no clean clothes. The frustrated manager predictably told him dirty laundry was no excuse for being late.

6) Cat food chaos: a Boston man phoned his manager to let him know he couldn’t come in because of food poisoning. On his return rumours circulated that he suffered from food poisoning after losing a bet that forced him to eat a can of cat food.

5) Possibility of snow: a Denver man arrived into work late on a fine winter’s morning, explaining he was late as a friend had told him there was a strong possibility of snow fall.

4) Mum’s the alarm: a teenage McDonald’s employee was accepting none of the blame for her late arrival, after her mother failed to wake her for her early morning shift.

3) Wardrobe mismatch: A New York real estate agent made it all but the last 100 yards into the office before she realized she was wearing two different types of shoes. Frustrated that neither her family or subway passengers had pointed out her mistake, she turned around and headed back for home.

2) Fire truck alarms employee: on his drive into work a Detroit man came across a fire truck driving in the opposite direction. The encounter left the man concerned for his own property, so he turned around to ensure the fire truck was not on its way to his home.

1) Cat-astrophe: A Seattle man on his way to the bus stop claimed he was late after discovering a kitten stuck in a tree. Attempting to help, he climbed up the tree only to become stuck himself. It is believed he made the call to his manager explaining the situation while still in the tree.

Our business grows by word of mouth and we certainly always appreciate any referrals.

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Century Financial Group
Strategic Staffing Solutions
Bene-fit Solutions
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Fort Collins, CO

(970) 829-1883

Colorado Springs, CO

(719) 623-5005

Trinidad, CO

(719) 846-2080

Amarillo, TX

(970) 829-1883

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