1 minute read
The IRS issued Revenue Procedure 2022-34 to update the contribution percentage in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act.
1.5 minute read
In a response to a tight labor market and record-high inflation, employers plan to raise salaries 4.1% in 2023, according to Willis Towers Watson’s (WTW) Salary Budget Planning...
2 minute read
Some of the challenges that employers face today include attraction and retention and internal skills gaps. If an employee has insufficient skills and chooses to leave or is replaced,...
1.5 minute read
For plan years beginning on or after January 1, 2023, employers should be aware of legal changes affecting the design and administration of their plans. It’s important to communicate...
1.5 minute read
Physical activity is good for your body and mind. Research has shown that exercise can improve mental health by reducing anxiety, depression, and a negative mood. Including exercise...
3 minute read
Attracting and retaining employees has been a persistent struggle throughout the pandemic and remains so today. Utilizing total compensation statements may be one strategy to help...
3 minute read
Having outstanding benefits is a good way to attract and retain employees. But in order to capitalize on that, employers must effectively market their offerings to employees and...
4 minute read
During 2020 and 2021, approximately 41% of people deferred medical care due to concerns related to the pandemic, according to the Centers for Disease Control and Prevention. Now, many...
2 minute read
Changing health plans can be a big decision for any employer. Not only is it a costly commitment, but it also impacts retention levels, recruitment capabilities, and employee...
3.5 minute read
As a reminder, PCORI fees must be reported and paid by August 1st by filing IRS Form 720. Generally, the deadline is July 31st; however, since this date falls on a Sunday, the IRS...
