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Employers are naturally concerned about their rising healthcare costs, and are always looking for ways to cope with this ongoing situation.  While Fall River helps its clients create year-round strategies to address costs over the long term, some employers need some short term or one-time savings. 
After weeks of intense ACA repeal and replacement efforts, House Republicans withdrew the American Health Care Act (AHCA) bill on Friday, March 24th, when it was clear they lacked the votes for it to pass. 
 
The AHCA would have kept a few key components of the Affordable Care Act, such as the protection for people with pre-existing conditions as well as allowing dependent children to remain on their parent’s plan until age of 26.  The bill would have eliminated many of the taxes and the individual / employer mandates, as well as significantly defunded Medicaid. 
Wednesday, 29 March 2017 08:36

What HR Topics Would you Like to Learn More About?

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At Fall River, we pride ourselves on bringing our clients valuable information pertaining to their benefits package and other aspects of their jobs.  We are exploring options that will provide our clients with useful Human Resources information and assistance.  To this end, we’d like your feedback on what HR topics you would like to either know more about or get help with. Please answer our 3-question survey at the following link:


Thank you very much for your participation!
Wednesday, 29 March 2017 08:27

Benchmarking your Benefits

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Evaluating your current benefit plan with the intent to attract and retain top talent is more crucial than ever. Benchmarking gives employers a chance to compare their current plan and contribution strategy to that elusive “standard practice.” Fall River helps its clients understand how they stack up, and we will soon be sharing a new benchmarking document with all our clients. 
 
When was the last time you measured your benefits package against other employers?
 
 Guest Article by Kristen Deevy, Managing Director of Strategic Retirement Partners
 
On Feb. 3, 2017, President Trump drafted a memorandum to the DOL, directing that they delay implementation of the Conflict of Interest Rule (The Rule) for at least 180 days. The Rule, which was set to take effect on April 10, 2017, expands ERISA’s definition of “fiduciary” under retirement plans by identifying additional forms of communication that would constitute investment advice and would deem the giver of such advice a fiduciary under ERISA. 
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