1.5 minute read
On August 19, 2024, the IRS released Notice 2024-63, offering interim guidance for sponsors of 401(k) and comparable retirement plans looking to offer matching contributions based on...
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On August 20, 2024, the U.S. District Court for the Northern District of Texas issued an order to block the Federal Trade Commission’s (FTC) noncompete ban. It was previously on hold in...
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A recent survey by the International Foundation of Employee Benefit Plans (IFEBP) shows U.S. employers expect an 8% increase in healthcare costs for 2025. The increase is driven by...
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On Aug. 8, 2024, the U.S. Department of Health and Human Services (HHS) issued a final rule increasing key penalties for group health plans. The amounts are adjusted annually for...
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In a competitive job market, employers must prepare for the 2025 open enrollment season by developing attractive benefits offerings and communicating proactively with employees to...
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In today's climate, employees are increasingly turning to their employers for assistance in navigating their benefits package and maximizing their financial resources. Many workers are...
1.5 minute read
Employers with insured group health plans may receive a medical loss ratio (MLR) rebate from their issuers if the applicable percentage for 2023 is not met. Rebates, in the form of...
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The Department of Labor released a new model Employer CHIP Notice with information current as of July 31, 2024.
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The latest Salary Budget Planning Report by Willis Towers Watson (WTW) shows that salary budget increases are expected to rise by 3.9% in 2025, with the overall median pay raise for...
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For plan years beginning on or after January 1, 2025, employers should be aware of compliance changes affecting the design and administration of their health plans. Changes should be...
