December 2014
EMPLOYEE BENEFITS
BUSINESS INSURANCE
PERSONAL INSURANCE
Call Potomac Basin Group
1.800.311.1031
in this issue:
EMPLOYEE BENEFITS
BUSINESS INSURANCE
PERSONAL INSURANCE
talk to the president:
Jim Bendel
President
jim.bendel@potomacbasin.com
talk to sales:
Employee Benefits
John Deem
VP Business Development
john.deem@potomacbasin.com
Business Insurance
Scott Marker
VP Business Development
scott.marker@potomacbasin.com
Property, Auto, Homeowners
Jackie Kociszewski
Personal Lines Manager
jackie.kociszewski@potomacbasin.com
Medical, Dental, Disability, Life
Jackie Kociszewski
Personal Lines Manager
jackie.kociszewski@potomacbasin.com
talk to client services:
Employee Benefits
Sue Davies
Director of Client Services
sue.davies@potomacbasin.com
Business Insurance
Mary Jane Donaldson
Director of Client Services
maryjane.donaldson@potomacbasin.com

visit us at: 

www.potomacbasin.com

 

follow us on:

        


 

Potomac Basin Group's Holiday Office Hours:


Wednesday 12/24
Closing at 2pm

Thursday 12/25
Closed

Friday 12/26
Closed

Wednesday 12/31
Closing at 2pm

Thursday 1/1/15
Closed

Friday 1/2/15
Open

 


 

 

 

 

 

 

 

 

 

 

 

 


Employee Benefits
 
2015 Changes to Health FSAs and Other Tax Benefits
The IRS has announced a number of inflation-adjusted tax items for 2015. Items that may be of particular interest to employers and employees include the following:
 
  1. Limit on Health Flexible Spending Arrangement (FSA) Contributions. The annual dollar limit on employee contributions to employer-sponsored health FSAs increases to $2,550 (up $50 from the amount for 2014).
READ MORE

3 Tips For Managing Employee Records and Files
 
The end of the year is a great time to review your employee records and files. In addition to making sure that you're keeping any records that may be required by law, you should be sure to update any information that has changed and get rid of any documents that no longer need to be retained. The guidelines below can help you get organized.
 
1. Determine which records you need to maintain. Employers may be required to keep certain types of records, such as payroll records and tax records, for a specified period of time in order to comply with federal and/or state law. Other documentation may be important to support disciplinary action or a termination. The following are some examples of the types of records a personnel file may include:
 
  • Basic Information: Employee's full name, social security number, address, and birth date.
READ MORE

Business Insurance
 

Winter Slips and Falls Lead To Rise In Workers’ Comp Claims
Along with mounds of snow and freezing cold temperatures, winter also brings a rise in workers’ compensation claims.  Winter-related slip and fall claims doubled in 2013-2014 over the previous year.  
READ MORE

Damage To Roof Caused By Ice Damming 
Icicles are a common sight during the winter months, but they can actually be a sign of an even bigger problem, called an ice dam. 
READ MORE

Personal Insurance
 
 
Important Coverage Reminders:
Automobile: Gap Insurance (Loan/Lease coverage)- provides coverage for your automobile that if in the event of a total loss the amount you owe on the loan is higher than the value of the vehicle, the insurance will cover that gap. 

Condominium: Your personal condominium policy known as an HO-6 policy includes coverage for building additions and alterations, personal property, liability and loss assessment. Many different coverage options are available with an HO-6 policy; however it is important to know that the unit owner is resposible for the first $5,000 of the master policy deductible if a claim originates from their unit. 
 
READ MORE

Potomac Basin Group Associates, LLC
4740 Corridor Place Beltsville, Suite B
Maryland 20705
1-800-311-1031
www.potomacbasin.com
@PotomacBasinGrp