Griffin Benefits

OCTOBER 1, 2022

After this year, reporting will be due by June 1 for the prior calendar year (so reporting for 2022 will be due by June 1, 2023). Additionally, account-based plans, like health reimbursement arrangements (HRAs) and health care flexible spending accounts (FSAs), are not required to report. Excepted benefits (e.g.,

Insurance Carriers 67

Insurance Carriers Employment Flexible Spending Account Insurance 67

Higginbotham

MARCH 17, 2023

ACA Pay or Play Penalties Will Increase for 2024 On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). 31, 2023 On Feb. 31, 2023, covering the period beginning Dec. Disclosure to CMS Effective Dec. Effective Dec.

Health Insurance 52

Health Insurance Flexible Spending Account Insurance Benefits Package 52

Insperity

MARCH 12, 2024

Health insurance Health insurance aims to assist employees with the costs of obtaining medical care. Optional dental and vision care are usually offered alongside health insurance for an added fee.) Bureau of Labor Statistics (BLS) , private-sector employers spend an average of $2.86

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Higginbotham

NOVEMBER 28, 2022

Unlike Flexible Spending Accounts (FSAs), which are owned by employers, individuals own HSAs. To contribute to an HSA, you must enroll in a high-deductible health plan. CMS says the contribution limit in 2023 is $3,850 for self-only coverage and $7,750 for family coverage. Who can own an HSA? How do HSA accounts work?

Health Savings Account 52

Health Savings Account Out of Pocket Cost Deductions Deductible 52

PeopleStrategy

DECEMBER 6, 2023

For example, 63% of employers say they’re focused on enhancing mental health and well-being programs for the foreseeable future, according to recent findings from Willis Towers Watson’s (WTW) 2023 Best Practices in Healthcare Survey. And that is despite rising health care costs.

Flexible Spending Account 52

Flexible Spending Account Utilities Flexible Spending Commissions 52

Flimp Communications

SEPTEMBER 25, 2024

As an HR professional, you deal with the consequences of health insurance illiteracy every day: Employees make poor choices based on incomplete knowledge or false assumptions, increasing frustration and driving up costs for your entire organization. Related: Health Insurance Key Terms, Explained. Wishing you good health!

Health Insurance 98

Health Insurance Insurance Health Savings Account Flexible Spending Account 98

Vantage Circle

NOVEMBER 23, 2023

In 2022, private health insurance coverage remained more prevalent than public coverage, at 65.6 Whether an individual prefers to work from a home office or occasionally needs time off for personal commitments like coaching their child's little league team, the flexible culture empowers them to achieve these goals.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64

Higginbotham

NOVEMBER 15, 2023

IRS Announces 2024 FSA, Retirement Plan Limits Earlier this month, the Internal Revenue Service (IRS) released cost-of-living adjustments and inflation-adjusted limits for 2024 that affect amounts employees can contribute to health flexible spending accounts (FSAs), 401(k) plans and individual retirement accounts (IRAs).

401(k) 52

401(k) Retirement Plan Flexible Spending Account Insurance 52

Higginbotham

MAY 11, 2023

FAQs Provide Guidance on Preventive Care Following Court Decision The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended preventive services without imposing cost-sharing requirements (such as deductibles, copayments or coinsurance) when the services are provided by in-network providers.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Deductions Deductible 52

Fringe Benefit Analysts

JANUARY 25, 2021

Some of the changes are effective now , and some will become effective in 2022 and 2023. Trillion Act is one of the largest spending measures ever enacted and is one of the longest bills ever passed by Congress. Many new features that this Act requires will start showing up on health insurance plans starting in January 2022. .

Family and Medical Leave Act 40

Family and Medical Leave Act Paid Leave Health Insurance Insurance Carriers 40