Organizations seeking to control insurance costs should consider working with their HR departments to review specific hiring practices and identify employee benefits costs drivers. By hiring qualified employees and having the resources they need to be healthy, organizations can retain great team members, minimizing turnover to reduce hiring costs, and keep Worker’s Comp and benefits […]
As medical plan premiums increase and employees are prescribed high-cost specialty drugs, employers are left wondering about solutions to the rising costs of prescription drugs in their health plans.
Employees want to feel valued and protected in the workplace. As employers, one of the things you can do to demonstrate your commitment to inclusivity is to adopt a non-discrimination policy that protects all of your employees from discrimination and workplace harassment. Building policies like these can be complicated and require careful planning and collaboration, […]
This alert provides summary information about an important issue you may wish to review with your payroll provider, tax or accounting department, or CPA to determine whether you need to make any adjustments to your tax withholding amounts for 2023 W-2’s. Generally, employees are not taxed on the value of employer-provided benefits for the employee […]
Many provisions of the Affordable Care Act (ACA), such as cost-sharing limits, mandatory no-cost preventive care, and waiting period limitations, apply to all employer-sponsored health plans. However, employers who qualify as an Applicable Large Employer (ALE) have additional obligations that can result in significant penalties if they are not met. The determination of an employer’s […]
The IRS recently announced cost-of-living adjustments to the applicable dollar limits for various employer-sponsored welfare plans for 2024. Some of the dollar limits currently in effect for 2023 will remain the same, but most limits will increase in 2024. Employers should update payroll and plan administration systems for 2024 and incorporate the new limits in […]
Conquer Clutter Decluttering is often associated with Spring cleaning, that annual ritual that finds us making way for new beginnings and fresh perspectives. But no matter the time of year, if you are struggling and stressed with more stuff than can fit in your space, it’s time for action. Catherine Roster at the University of […]
The Consolidated Appropriations Act, 2021 (CAA) is intended to promote transparency in health care. One provision of the CAA prohibits “gag clauses” in agreements between health insurers/group health plans and health care providers or other third parties. The ban on gag clauses was effective on December 27, 2020. The CAA also requires health insurers and […]
Managing Stress Stress is a feeling of emotional or physical tension. It’s your body’s reaction to a challenge, demand, or threat. We all experience stress, but not everyone responds to it in the same way. Common emotions that accompany stress can include frustration, anger, and irritability. Physical symptoms can include sleep disturbances, headaches, muscle tension, […]
