The Forefront

2019 Volume #2 | Underfunded Retirement Plans


Many public sector pension plans are hemorrhaging due to underfunding over many years and union members may not be reaping the benefits, and this is because employers have had to funnel more of workers’ compensation to insolvent union-run multi-employer pension plans. Many employers have gone bankrupt, which has shifted the funding burden to others. According […]


2019 Volume #1 | Is Health Care a Beast?


Health care has gone up three times faster than inflation in the past 40 years. Currently, about $0.20 of every dollar made in the U.S. is spent on health care and it is getting worse. Kristin Downey, a Washington Post Staff Writer, reported, “for each mid-size car DaimlerChrysler AG builds at one of its U.S. […]


2018 Volume #6 | A Small Employer Opportunity?


On October 23rd, the Trump administration proposed regulations to substantially expand the use of tax-advantaged health reimbursement accounts (HRAs) by allowing employers to pay for their worker’s health plans in the individual market. HRAs are employer-sponsored accounts used to pay for employee premiums and other medical expenses on a tax-free basis. Under the proposal, all […]


2018 Volume #5 | SINGLE PAYER Health Insurance


“BernieCare” is the latest attempt to move health care under the government tent. I have written on these pages before that health insurance will never cost more than when it is free and that sentiment holds true today.


2018 Volume 4 | Social Security


The recent Social Security Trustee’s 2018 report has created a political hornet’s nest with the Trump administration in the middle of it. The meat of this newly released report shows that Medicare will run out of money in 8 years, and Social Security will become insolvent in 16 years. “This report should eliminate any doubt […]


2018 Volume 3 | The End of Generic Drugs?


The End of Generic Drugs? The generic drug industry, which supplies most of the drugs prescribed in the United States, is in crisis due to plummeting prices. The drug giants are refusing to develop certain drugs because there is no profit in it. Teva Pharmaceutical Industries, one of the largest manufacturers of generic drugs in […]


2018 Volume 2 | Can the Big Boys change Health Benefits?


On January 30, 2018, Amazon, Berkshire Hathaway, and JP Morgan Chase announced plans to develop a new approach to employee health care benefits. Their goal is to cut health care costs and improve services for employees and their families, which is a common goal for all of us. Specifically, this effort is focused on technological […]


2018 Volume 1 | Tax Bill Impact On Benefits


The primary goal of the Tax Cuts and Jobs Act is to lower the corporate tax rate and tax obligation for many Americans. There are several provisions that will have an impact on employer health and fringe benefits. Here is quick run-down:


2017 Volume 6 | Equifax and Your Taxes


Everyone knows I am not a certified public accountant, but my advice regarding the Equifax breach is to file your taxes early this year. The data breach at credit bureau Equifax that may have affected 143 million U.S. adults could have lasting effects, including at tax time. Many experts say that if hackers gained access […]


2017 Volume 5 | Did You Know?


Consider your HSA beneficiaries carefully. Many employers have added Health Savings Accounts (HSA) to their employer sponsored health plan offering. Most everyone knows an individual can use these dollars later to pay for medical expenses tax-free or take it out after age 65 for any reason with tax consequences. To keep the tax savings going […]


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The Forefront