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Tuesday, July 28, 2020

August is National Wellness Month. Daunting right? Just the sound of it—how can we do “wellness” in a just one month? The awareness being celebrated and honored is actually more limited than it sounds. The focus is...

 

Tuesday, July 28, 2020

The IRS recently announced in Revenue Procedure 2020-36 that the Affordable Care Act (“ACA”) affordability indexed amount under the Employer Shared Responsibility Payment (“ESRP”) requirements will be 9.83% for...

 

Thursday, July 16, 2020

Life insurance is not the type of product that people wake up every morning and think about. In fact, some may never consider it, because the urge to undergo the process of implementing a life insurance policy takes too much time, it...

 

Monday, July 13, 2020

The COVID-19 pandemic caused a major diversion to our normal way of life so far in 2020. How have your finances weathered the storm? In my recent Webinar, I - In flying, not much happens with the aircraft that wasn’t put into a...

 

Monday, June 29, 2020

For the past several months we have been dealing with an event many of us never imagined we would experience in our lifetime; a global pandemic. It seemed like overnight, our lifestyle changed dramatically. Normal daily activities were...

 

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Monday, June 15, 2020

I recently wrote a few blogs regarding the different types of student loans and repayment options, as well as some important things to consider when taking out loans for your education. Given the current pandemic, the CARES Act has...

 

Monday, June 1, 2020

Our goal is to help you along your journey to live well. As such, we want to make sure you're aware of wellness resources available through the insurance you purchase through your work.Have a few minutes? Check out the videos we...

 

Thursday, May 28, 2020

It’s officially summer! It’s warm, the sun is shining, kids are tossing out their text books and everyone is ready to just relax. Isn’t that a great feeling? Taking time to not have to think about anything? Of course,...

 

Thursday, May 21, 2020

When it comes to protection, you can get insurance for practically anything you need or want. From things such as your electronic devices and cars, to your home, health, and life, there are tons of assets that may be worthy of...

 

Wednesday, May 6, 2020

Recent government guidance brings several changes to employer sponsored benefits plan deadlines. Included in this guidance are significant changes to the COBRA rules that are retroactive to March 1, 2020. READ FULL ARTICLE HERE The...

 

Friday, May 1, 2020

You may have heard people talking about blue light, that it affects your health and you should try to limit your exposure to it when possible. But what is it and why? In short, blue light is made up of more energy than any other light...

 

Monday, April 20, 2020

As individuals and businesses adapt to major changes due to the coronavirus and current state of our economy, Congress has provided several programs and initiatives to small businesses through The CARES Act.

 

Tuesday, March 31, 2020

The Coronavirus, Aid, Relief and Economic Security (CARES) Act was signed into law by President Trump on Friday. March 27th. This $2 trillion stimulus package includes a number of provisions that impact retirement plans: Distributions...

 

Tuesday, March 31, 2020

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law. It provides support to individuals and businesses that are trying to cope with the coronavirus...

 

Tuesday, March 31, 2020

The first day of Spring was officially March 20th and seeing as Punxsutawney Phil did not see his shadow thereby predicting an early onset of warmer weather, we should start preparing. One of my favorite traditions of this season is...

 

Thursday, March 26, 2020

As more information is released and clarified regarding The Families First Coronavirus Response Act (FFCRA), the Department of Labor (DOL) has added several resources to its website. Visit https://www.dol.gov/agencies/whd/pandemic Here...

 

Tuesday, March 24, 2020

There have been A LOT of scary facts going around regarding COVID-19, but also a flurry of “positive news” items to lift our spirits. Wishing you and your family the best. Remember that our most important tool during times...

 

Thursday, March 19, 2020

With the recent outbreak of the Coronavirus in China, as well as the spread of the disease into a number of countries including the United States, there has been a spark of fear and panic. The markets have taken a downturn, creating...

 

Wednesday, February 26, 2020

March is National Nutrition Month — the perfect time to pay extra attention to what we eat! This educational campaign was created by the Academy of Nutrition and Dietetics and it focuses on the importance of making smart food...

 

Monday, February 3, 2020

The beginning of a New Year provides many individuals with a “fresh start” mentality, as people set out on new personal (or business) goals. While some may have goals for fitness, careers, family, or personal well being...

 

Friday, January 24, 2020

February, the month of love, is heart health month! In an average lifetime, a heart will beat more than 2.5 billion times. That’s a lot of mileage! Just like a car, maintenance and care should be a top priority to ensure your...

 

Thursday, January 9, 2020

What is The SECURE Act? On December 20, 2019, efforts were made to reform the U.S. retirement system, as President Trump signed the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 into law. This piece of...

 

Thursday, January 2, 2020

It’s a new year! A time for resolutions, good intentions and positive outlooks. The idea of a resolution is to make ourselves better, stronger, the best version of ourselves. We feel like we get to start over at the beginning of...

 

Tuesday, December 10, 2019

The thought of retirement can be exciting but planning and saving for retirement should begin well in advance. This article will examine three main reasons why you should begin saving as early as you can, and saving as much as you can...

 

Thursday, November 21, 2019

It’s the holiday season! A cherished time for many — chock full of family, friends, good times, good food…and stress. According to a poll conducted by verywellmind.com, more than 80% of us find the holiday season to...

 

Tuesday, November 5, 2019

The ability to be able to afford paying for a college education is a hot topic in today’s society, as many students are incurring student loan debt, while the tuition costs of college continue to skyrocket. Just as saving for...

 

Tuesday, October 29, 2019

Soon, we’ll be sitting at our family dinner tables waiting for our turn to tell everyone what we are thankful for. I practice gratitude all of the time (pats self on back). In fact, I have a daily reminder that goes off on my...

 

Tuesday, October 8, 2019

The 401(k) plan, which is an employer sponsored plan, was designed to be a simple tool to help employees start saving for retirement. While each company plan varies, there are provisions that many plans have in common - one of those...

 

Thursday, September 19, 2019

Your smile: it’s one of the first impressions you make on others. Smiling serves many purposes from boosting our immune system, relieving stress, to communicating with others who may not even speak our language. It’s an...

 

Wednesday, September 18, 2019

Where oh where did the summer go? As I write this, we’re amid another heat wave, but I’m sure by the time you read this, summer will be over and you’ll be deluged with deadlines for everything from your child’s...

 

Tuesday, September 10, 2019

Our previous blog on student loans addressed the different loan options that are provided by the Federal Government. The different repayment options that the Government makes available to you provides flexibility, makes repayment...

 

Thursday, August 29, 2019

Did you know that taking certain medications can actually put you at risk for unhealthy cholesterol levels? According to Healthfinder.gov, “Taking certain medicines, like medicines to lower blood pressure” can increase your...

 

Wednesday, August 14, 2019

The student loan crisis that is taking place in our country is certainly something too big to ignore. How big? The amount of student loan debt is the highest that it’s ever been at $1.5 trillion in the U.S. alone, and there are...

 

Thursday, July 25, 2019

Drink Water. We hear it all the time. Health experts, nutritionists, personal trainers, physicians—they all encourage us to drink water. While some of us have joined the movement, carefully selected our signature water bottle...

 

Thursday, July 25, 2019

The intent behind this article is to reassure anyone who has debt -- that not all debt is bad debt! Many people, at some point in their lives, have to carry the “burden” of debt on their back. Whether it’s for a...

 

Thursday, July 11, 2019

On June 24, 2019, President Trump issued an Executive Order (“EO”) directing the relevant federal agencies to issue regulations or other guidance to make available more meaningful information related to the price and...

 

Wednesday, July 10, 2019

The Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) finalized rules creating two new Health ReimbursementArrangement (HRA) options available to employers beginning January...

 

Tuesday, July 9, 2019

The Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) finalized rulescreating two new Health Reimbursement Arrangement (HRA) options available to employers beginning January...

 

Tuesday, July 9, 2019

It’s the middle of July — you and your families are having a blast enjoying summer festivities from trips to the shore, camping, family barbecues, or just hanging pool-side. Summer is giving everyone just what we’ve...

 

Thursday, May 30, 2019

We are committed to providing latest updates relevant to you. The IRS has released the 2020 inflation adjustments impacting Health Savings Accounts and High Deductible Health Plans. 2020 IRS HSA limits are as follows: For additional...

 

Monday, May 20, 2019

One of the 401(k) plan complaints I have heard in my career from plan sponsors is that they don’t like to have to take, or give refunds of salary deferral contributions to their Highly Compensated Employees (HCEs). Usually, if a...

 

Thursday, May 9, 2019

Effective April 30th: Independence Blue Cross will update the Preventive Care Services guidelines to include physical therapy for fully insured and self-funded commercial plan members 65 years of age or older who are at an increased...

 

Monday, April 1, 2019

PRESS RELEASE Berwyn, PA, APRIL 1, 2019 – Tycor Benefit Administrators, Inc.® has been recognized as a 2019 Best Places to Work for Financial Advisers as announced by InvestmentNews today. READ PRESS RELEASE ADD FILE

 

Tuesday, March 26, 2019

Currently, six states and the District of Columbia have implemented paid family leave laws, including New York, New Jersey and California. Recently, there have been several efforts to expand this type of leave at the federal level. The...

 

Thursday, March 21, 2019

If you, or one of your clients, sponsor a Savings Incentive Match Plan for Employees (SIMPLE) and have not had the misfortune of undergoing an IRS audit, consider this a wake-up call! Recently, I was involved in assisting a client who...

 

Tuesday, February 26, 2019

The 2018 tax year is the first year to take advantage of the Tax Cuts and Jobs Act of 2017 (TCJA), the problem is until recently there was very little regulatory guidance on how to apply certain provisions. In particular, clarification...

 

Monday, October 29, 2018

J. Timothy Corle, CPC, CFP® Named to 2018 Financial Times 401 Top Retirement Advisers September 27, 2018 – J. Timothy Corle, CPC, CFP® is pleased to announce that he has been named to the 2018 edition of the Financial...

 

Friday, October 26, 2018

Student loan debt in America has reached staggering new heights, limiting the ability of many to save for retirement. That’s why it was big news when the IRS recently approved one company’s program to help employees save...

 

Wednesday, September 12, 2018

You just dropped your child off at college. You’ve purchased dorm supplies, linens and new clothes. You have organized a budget to cover tuition, room and board, and travel as well as for your student’s personal spending....

 

Monday, August 27, 2018

All of the political, legal and compliance issues aside, what are the potential risks and rewards of Association Health Plans (AHPs)? Trade associations, who should have an easy time meeting the requirements, will be able to make...

 

Monday, August 20, 2018

Almost immediately after the final rule changing the definition of “employer” under the Employee Retirement Income Security Act (ERISA) was adopted, allowing for the formation of Association Health Plans (AHPs), two states...

 

Wednesday, August 8, 2018

Association Health Plans (AHPs), as they are acrimoniously known, are in fashion again. After a nearly 10- year hiatus, mostly in response to changes in regulations by ACA (“Obamacare”), a major regulatory roadblock to...

 

Monday, July 23, 2018

Will the release of final Association Health Plan (AHP) rules provide relief for small employers struggling with rising medical premiums? On October 12, 2017, President Trump issued an executive order, “Promoting Healthcare...

 

Tuesday, June 19, 2018

Did you know that if you are age 70 ½ or older, you are able to donate up to $100,000 tax free from your IRA to a qualifying charity each year? A little known provision in the tax law, made permanent in 2015, gives taxpayers a...

 

Wednesday, June 13, 2018

For those companies who meet the “three S’s” (See Part 1), Referenced Based Pricing (RBP) promises immediate hospital/facility claims savings. I see estimates from vendors of between 20% and 50%. Overall annualized...

 

Tuesday, June 12, 2018

As the insurance market continues to evolve and employers continue to seek ways to control medical insurance costs, the concept of referenced based pricing (RBP) is a newer technique being explored. For consultants working with...

 

Tuesday, May 22, 2018

As we approach the Memorial Day weekend, please take a moment to remember and honor the sacrifices of all the men and women who gave their lives for our country. From the staff at Tycor, enjoy the long holiday weekend!

 

Tuesday, May 15, 2018

On May 10, 2018, the IRS released Revenue Procedure 2018-30. What does this mean for you? If you are covered by a qualified High Deductible Health Plan (HDHP) and are eligible to make HSA contributions, In 2019, the contribution limits...

 

Monday, April 30, 2018

$6,900 Re-Established as 2018 HSA Contribution Limit for Certain Individuals The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage...

 

Monday, April 23, 2018

With the implementation of the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015, the Centers for Medicare & Medicaid Services (CMS) is required to remove Social Security Numbers (SSNs) from all Medicare cards. CMS currently...

 

Tuesday, April 10, 2018

This time of year is very busy! As I write this, the Tycor retirement plan team is feverishly analyzing client data for hundreds of plans. It is one deadline after another….1099-Rs must go out, refunds of excess 401(k)...