Posts in Employee Benefits

  1. IMPUTED INCOME FOR GROUP TERM LIFE INSURANCE

    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 […]

  2. It’s Time to Count Your Employees

    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 […]

  3. 2024 Employee Benefit Plan Limits

    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 […]

  4. PSA In Good Health 2023 Volume 8

    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 […]

  5. GCPCA Resources

    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 […]

  6. PSA In Good Health 2023 Volume 7

    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, […]

  7. IRS Updates Electronic Filing Requirements (Benefit Minute)

    Earlier this year, the IRS issued final regulations that change the filing requirements for several common employer information returns, including Form W-2, the Form 1099 series, and the Form 1094 and 1095 series. The final rule significantly lowers the threshold for mandatory electronic filing, which will require many filers who currently submit certain tax forms […]

  8. PSA In Good Health 2023 Volume 6

    Suicide Prevention Suicide is a word that many of us find hard to think about, let alone talk about. But you can help prevent suicide by learning the warning signs, understanding available resources, and becoming comfortable with uncomfortable conversations.

  9. PSA In Good Health 2023 Volume 5

    Self-Care Behaviors Being your best self relies on practicing self-care behaviors. But what exactly does that mean? An internet search will yield multiple definitions of self-care. Perhaps the simplest to grasp is from the English Oxford Dictionary which reads, “the practice of taking action to preserve or improve one’s own health”. Self-care then, is a […]