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...
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...
2 minute read
The Centers for Medicare and Medicaid Services released the cost sharing limits for 2025 plan years. The new limits will be $9,200 for self only coverage and $18,400 for family coverage.
1 minute read
As we approach the end of the year, it's important for employers to stay on top of compliance requirements for their employee benefit plans. There are several tasks related to benefits...
2.5 minute read
The Consolidated Appropriations Act of 2021 (CAA) imposes restrictions on Group Health Plans (GHPs) and insurers, preventing them from entering into agreements that limit or hinder...
