3.5 minute read

On September 9, 2024, the Departments of Labor, Health and Human Services, and the Treasury (Departments) released a final rule to strengthen the Mental Health Parity and Addiction...

1 minute read

In Compliance Assistance Release No. 2024-01, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has reaffirmed that their April 2021 cybersecurity...

1 minute read

On September 6, 2024, the IRS unveiled Revenue Procedure 2024-35, which updates the contribution percentage for 2025 to determine the affordability of an employer’s health plan under...

2 minute read

Employee satisfaction has hit a four-year low, according to BambooHR's Employee Happiness Index. The survey recorded a score of 35 out of 100 in May 2024, trending down from 44 in May...

3 minute read

With federal, state, and local elections slated for Tuesday, November 5, this year, it’s important for employers to stay informed about the various ways these events can impact the...

5.5 minute read

Meeting the creditable coverage standard could be tougher in 2025 due to a richer Part D standard benefit. Plan sponsors with rich prescription drug coverage may remain unaffected,...

1.5 minute read

The IRS reminds businesses that changes under the SECURE 2.0 Act, starting in tax year 2023, may affect Form W-2 reporting. A fact sheet released on August 29, 2024, details the...

1.5 minute read

On August 15, the Department of Health and Human Services (HHS) and top drugmakers agreed to lower prices on the first 10 drugs subject to Medicare price negotiations. Drug discounts...

1 minute read

A recent Business Group on Health (BGH) survey revealed that the increasing interest and spending on glucagon-like peptide-1 (GLP-1) drugs are driving up healthcare costs in 2025.

3 minute read

The Department of Labor (DOL) has reached several settlements lately with life insurance carriers regarding their evidence of insurability (EOI) practices. Although these settlements...