Compliance ✔- Summary of Benefits & Coverage (SBC) Updated for 2021
The DOL and HHS released an updated Summary of Benefits and Coverage (SBC) template, Uniform Glossary and related material. Employers and insurers must use the new material starting with plan years beginning on or after January 1, 2021. In the meantime, employers and...
Compliance ✔- 2020 Limit for Health FSA and More
The IRS issued the 2020 Health FSA limit, which increased $50 to $2,750. If an employer’s cafeteria plan document states that the contribution limit reflects the maximum allowable by the IRS, then no changes are necessary. However, if the document states a...
Business Alabama Features Valent: Risk Management for the Middle Market
In the November 2019 issue of Business Alabama Magazine, our president and sales leaders were interviewed on the consolidation trends seen in insurance brokerages over the last few years and why Valent takes a different approach to serving the state’s middle...
Developing Strategy Around Competitive Compensation
It’s no secret that top talent expects to be paid top dollar. Even with a developed recruiting program, fantastic work environment and great work-life balance, it will be difficult for your company to attract and retain the best employees without a competitive pay...