Southern Benefit Group, LLC

05/27/2025

Wellness programs are not the silver bullet, but they can provide tools and resources that can get your employees thinking and most importantly acting towards better wellness. Better wellness means, happier employees, improved retention and lower premiums.

In addition to healthcare benefits, 79% of large companies also offer wellness programs to their employees.

07/01/2022

UnitedHealthcare and Wellstar Health System have reached a multi-year agreement that restores network access to Wellstar's hospitals, facilitates for people enrolled in UnitedHealthcare employer-sponsored and individual and Medicare Advantage plans effective July 1.

09/09/2021

High Deductible Plans are not doing all they were intended to do to millions of Americans. Time to re-evaluate...

It’s time to get serious about another path to affordable, high-quality healthcare.

09/15/2020

Know what is protected..."Traditional and Roth IRA contributions and earnings are protected from bankruptcy under federal law up to an inflation-adjusted cap — currently $1,362,800."

To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.

06/24/2020

Latest announcement from the EEOC. In this Article from ABC News, you can see that business leaders can require workers to take a viral test to determine whether they are actively infected. However, employers cannot require workers to take COVID-19 antibody tests.

The Equal Employment Opportunity Commission made it clear that employers can't force workers to take COVID-19 antibody tests.

06/09/2020

President Signs PPP Flexibility Act

On Friday, June 5, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act, clearing the way for more flexibility and forgiveness of the loans made through the PPP. Originally these loans, which were part of the CARES Act, were provided to help business owners cover payroll costs, rent, and utilities.

The newly enacted legislation states that:
Business owners now have 24 weeks to spend funds (up from eight weeks)

Business owners only need to spend 60% of the loan on payroll costs (down from 75%)

The covered period of the loan now ends December 31 instead of June 30

Business owners won’t have to make employer payroll tax payments through the end of 2020

The business will not lose any loan forgiveness eligibility if it can show that some employees declined to return to their jobs or the pre-pandemic headcount is no longer required

The payback period for new loan applicants has been extended from two years to a minimum of five for those not seeking, or who are ineligible, for forgiveness

05/28/2020

Here is the link to the PPP Forgiveness Application...

05/28/2020

SBA Releases PPP Loan Forgiveness Application

The Small Business Administration (SBA) has released the Paycheck Protection Program (PPP) Loan Forgiveness Application along with detailed instructions. Employers that received money from the PPP must apply for loan forgiveness from their lender.

The SBA will also issue regulations and guidance to assist borrowers in completing their applications and will provide lenders with guidance on their responsibilities.

The form and instructions include measures to reduce compliance burdens and simplify the process for borrowers, including but not limited to:

Options for borrowers to calculate payroll costs using an “alternative payroll covered period” that aligns with borrowers’ regular payroll cycles
Flexibility to include eligible payroll and non-payroll expenses paid or incurred during the eight-week period after receiving their PPP loan
Step-by-step instructions on how to perform the calculations required by the CARES Act to confirm eligibility for loan forgiveness
Addition of a new exemption from the loan forgiveness reduction for borrowers who have made a good-faith, written offer to rehire workers that were declined

04/30/2020

https://www.cnbc.com/2017/09/27/why-employer-provided-life-insurance-can-backfire.html

An employer-sponsored policy can leave you underprotected. Here's what you need to know.

04/29/2020

Why employees should use HSA dollars during the pandemic?

HSA spending is more flexible than ever; learn how employees can make the most of them amid coronavirus.