1 minute read
Despite competitive health care benefits, many employees still face medical debt. Over 40% reported experiencing this issue, as per a survey by Goodroot.
1.5 minute read
The IRS issued a bulletin which reminds taxpayers that tax-advantaged medical savings accounts (health flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), and...
1 minute read
Group health plans and issuers must submit detailed data on prescription drug and health care spending annually to the Centers for Medicare & Medicaid Services (CMS). Known as the RxDC...
2.5 minute read
The Affordable Care Act (ACA) requires certain employers to electronically report health plan coverage to the IRS under Code Sections 6055 and 6056. A recent law change mandates...
2.5 minute read
Employers should stay informed about updates to model notices for group health plans under federal laws. Federal agencies provide and update these notices to aid compliance with...
2 minute read
In November 2023, Zywave conducted a nationwide survey with over 130 employers from various industries to gather insights on attraction, retention challenges, and voluntary benefits...
3 minute read
Employee benefits are crucial for organizational success, enhancing job satisfaction, retention rates, and overall morale. Despite budget constraints, low- and no-cost benefits can...
2.5 minute read
Healthcare price transparency aims to reveal the costs of medical services, providing patients, employers, and insurers with greater visibility into the financial aspects of...
1.5 minute read
The IRS released updated employer responsibility (pay-or-play) penalty amounts under the Affordable Care Act (ACA). The rules require applicable large employers (ALEs) to offer...
2.5 minute read
In 2023, 38 million Americans provided unpaid care for loved ones, impacting their mental, physical, and financial health, leading to decreased workplace productivity. Unfortunately,...
