Author Archives: The Boon Group

About The Boon Group

The Boon Group® is a full service employee benefits company specializing in the design, implementation and administration of cost-effective fringe benefit plans for federal, state and local government contractors. Since 1982, The Boon Group has developed a partnership philosophy that expands beyond the products and services we offer. We stand with the employers and employees who, just like all who work at The Boon Group, are faced with the daunting task of navigating the U.S. healthcare system. Together, we can find a better way for all Americans to access healthcare. The Boon Group, Inc. is the parent holding company of The Boon Insurance Agency, Inc., Boon Administrative Services, Inc. (formerly named CEBA), Boon Insurance Management Services, L.P., Health & Welfare Benefit Systems, Inc. and Boon Investment Group, Inc. The Boon Group was formed to support and strengthen the position of these companies as a wholesaler of exclusive products and services. www.boongroup.com

Boon Debuts New Corporate Identity To Address Simplified Solutions To A Complicated Industry

Austin, TX – September 3, 2019 – Boon debuts its new corporate identity today with the release of its new logo and website. The new brand reflects the company’s vision of being the leading provider of employee benefits for the … Continue reading

Posted in compliance, cost savings, Davis-Bacon Act, employee benefits, fringe benefits, government contractors, health care, health insurance | Tagged , , , , , , | Leave a comment

Price Transparency in Healthcare

What is Price Transparency and How Does it Relate to Healthcare? Price transparency is exactly what it sounds like: a push for information on the prices of certain healthcare services to be made available to consumers. As healthcare in the … Continue reading

Posted in Affordable Care Act, cost savings, employee benefits, health care, health care costs, health care price transparency, health insurance, pay transparency, prescription drug prices, preventive health care, wellness | Tagged , , , , , , , , , , , , | Leave a comment

Boon Buzz: Compliance Deadlines for Quarter 3 2019

Throughout the year, employers must comply with multiple reporting and disclosure requirements that are connected with their group health plans. As with everything else, when it comes to benefits, compliance is crucial. The third quarter of 2019 is no exception … Continue reading

Posted in ACA, ACA reporting, Affordable Care Act, compliance, employee benefits, employer-sponsored group health plans, ERISA, federal contractors, fringe benefits, government contractors, health insurance | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

2019/2020 SCA Fringe Rates Issued

New Fringe Rates for SCA Contracts The Wage and Hour Division of the U.S. Department of Labor has released the new fringe rates for 2019/2020 for all contracts and contractors under the Service Contract Act.   Per All Agency Memorandum … Continue reading

Posted in compliance, employee benefits, Executive Orders, federal contractors, fringe benefits, government contractors, paid sick leave, prevailing wage, Service Contract Act | Tagged , , , , , , , , , , , , , | Leave a comment

You Just Won Your First Government Contract. Now What?

A common question that arises when speaking with contractors around the country: “Now that we’ve won this contract, what should we do next?” Let’s take a look at the factors that should be considered after a successful bid to ensure … Continue reading

Posted in cost savings, Davis-Bacon Act, employee benefits, federal contractors, fringe benefits, government contractors, health care, health care costs, paid sick leave, prevailing wage, Service Contract Act | Tagged , , , , , , , | Leave a comment

Form 5500: Everything You Ever Wanted to Know

If you’re an employer that provides benefits to your employees, staying on the up and up with the big government institutions is imperative. The Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC), … Continue reading

Posted in compliance, DOL, DOL audits, employee benefits, employer-sponsored group health plans, ERISA, federal contractors, government contractors, health care, health care costs, health insurance, health insurance claims | Tagged , , , , , , , | Leave a comment

Health-Related Productivity Costs to Government Contractors

Offering health coverage and benefits to employees and their dependents is a major expense. In government contracting, there’s an interest in keeping costs low and bids competitive. It can be tempting for government contractors to take the required fringe and … Continue reading

Posted in compliance, cost savings, employee benefits, employer-sponsored group health plans, federal contractors, fringe benefits, government contractors, health care, health care costs, health insurance, preventive health care, wellness | Leave a comment