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.

Medicare Part D Notices Due Soon: Coming Up in Compliance

Medicare Part D notice must be provided to employees by October 15, 2018. Here’s everything you need to know. The Basics Every year, Medicare Part D requires employers, as group health plan sponsors, to disclose to  employees eligible for Medicare Part … Continue reading

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The Davis-Bacon Act: Everything You Need to Know about DBA Compliance

Compliance tops the list, when it comes to government contractors’ priorities. Construction contracts with the federal government are governed by the Davis-Bacon Act (DBA), so it’s best to brush up on your DBA basics. Read on to learn more about … Continue reading

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Downstream Compliance and Contractor Responsibility

Every year, the federal government spends more than $500 billion a year on contracts. More than 50 percent of that total works its way down to subcontractors. Wow. The business of government contracting is built upon the hard work of … Continue reading

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Boon Buzz: HSA/HDHP Limits Will Increase for 2019

The IRS limits for HSA contributions are set to increase for 2019. This also includes the limits for HDHPs. The Internal Revenue Service (IRS) announced the inflation-adjusted limits on health savings accounts (HSAs) and high deductible health plans (HDHPs) for … Continue reading

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Lawsuit Pushes Back Against DOL Rule

Eleven states, accompanied by the District of Columbia, have launched a lawsuit against the federal government. This suit is led by New York and the following states have signed on, as well: California, Delaware, Kentucky, Maryland, Massachusetts, New Jersey, Oregon, … Continue reading

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New SCA Fringe Rates for 2018/2019 Issued

The Wage and Hour Division has released the new fringe rates for 2018/2019. The Wage and Hour Division’s All Agency Memorandum 227 sets the Service Contract Act (SCA) Health and Welfare Fringe Benefit rate for $4.48 per hour, an increase … Continue reading

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DOL Finalizes Rule to Expand Association Health Plans

On June 19, the Department of Labor (DOL) released a final rule that makes it easier for small employers to join together to purchase health insurance. By forming these benefit arrangements, called Association Health Plans or AHPs, small employers can … Continue reading

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