3.5 minute read
Health care costs are expected to rise significantly in 2025, with projections indicating a 7%-8% increase. Large employers foresee a 7.8% rise, while others estimate an 8% median...
Virtual healthcare significantly improves patient access, benefiting both employers and employees. It reduces costs for employers by minimizing in-person visits and overhead. Employees gain flexible,...
1 minute read
The Patient Experience Survey by Pharmaceutical Research and Manufacturers of America shows that 51% of insured Americans are unsure about their prescription costs, and 38% are facing...
1.5 minute read
Building a family is a unique journey that can take a physical, emotional, and financial toll on employees. Employer-provided family-building benefits can impact employees' lives in a...
2.5 minute read
Employers may face challenges in attracting and retaining talent in 2025. Despite a decrease in employee quits in 2024, EY reports that 38% of employees might leave their jobs next...
1 minute read
As the year draws to a close, it’s important for employers to keep compliance requirements for their employee benefit plans at the forefront. To ensure a smooth transition into 2025,...
3 minute read
Voting will take place for the 2024 presidential election on November 5th. The new administration could bring major changes to health care and employee benefits. Control of the U.S....
1 minute read
IRS Revenue Procedure 2024-40 updates penalties for non-compliance with Affordable Care Act’s (ACA) requirements under Code Sections 6055 and 6056, affecting 2025 returns and 2026...
1 minute read
On October 17, 2024, the IRS released Notice 2024-75 (the Notice), expanding preventive care benefits under high deductible health plans (HDHPs) without or with reduced deductibles. The...
1.5 minute read
On October 22, 2024, the IRS announced a new limit for 2025 on pre-tax contributions to health flexible spending accounts (FSAs). FSAs, raising it to $3,300, up $100 from 2024's limit.
