2.5 minute read
The U.S. Department of Labor (DOL) released the latest update on civil monetary penalties for employee benefit-related violations in 2024. The increased amounts apply to civil...
1 minute read
Fifty-five new treatments were approved by the U.S. Food and Drug Administration (FDA) in 2023. This is a nearly 50% increase from the year before. Typically, 45-50 new drugs are...
1.5 minute read
The U.S. Food and Drug Administration (FDA) has granted Florida permission to directly import prescription drugs from Canada. This historic policy shift has the potential to...
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...
