1 minute read

Health care spending in the United States reached $4.5 trillion in 2022, a 4.1% increase from the previous year. This averages out to $13,493 per person. The growth in health care...

1.5 minute read

According to the latest Salary Budget Planning Survey conducted by WTW, U.S. employers are gearing up to provide a salary increase of 4% in 2024. This surpasses the 3.1% increase in...

1.5 minute read

The IRS issued Notice 2024-2 which gives guidance regarding the “SECURE 2.0” Act. SECURE 2.0 is part of the Consolidated Appropriations Act of 2023 which was signed in December of...

4 minute read

Since the COVID-19 pandemic, employers have faced challenges in attracting and retaining employees. The labor market will cool slightly in 2024, but competition for talent will remain....

3 minute read

Employers subject to ACA reporting must comply with reporting deadlines in early 2024 for the 2023 calendar year. They must furnish statements to individuals by March 1, 2024, and file...

Revised January 2024

Many schools, cities, and counties have employees working 30 hours or more per week as defined by the Affordable Care Act (ACA). Often these workers are not offered Health...

4.5 minute read

Employers should be aware of the compliance issues impacting their health plan coverage in 2024, including expanded electronic reporting requirements under the ACA and anticipated...

1 minute read

Over half of consumers feel stress when paying medical bills and more than 9 in 10 say these payments have impacted their mental and physical health, according to a study from PayMedix....

2.5 minute read

New insights from Mercer's Health and Benefits Strategies for 2024 Survey Report have unveiled a growing demand among employers for enticing benefits options that enhance...

3.5 minute read

A Health Savings Account (HSA) is a powerful tool for employees to save money. It can be used to cover qualified medical expenses such as deductibles, co-pays, dental and vision...