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Q4 2022 Essentials for Plan Sponsors

By |2022-12-02T18:15:15+00:00December 1st, 2022|Blog, Employee Benefits|

The RxDC reporting requirement requires employers to submit prescription drug data to the Department of Health and Human Services (HHS), the Department of Treasury, and the Department of Labor (DOL). The deadline is December 27, 2022. Some of the required information includes:

Five Critical Issues for Employers Reporting 2023 ACA Compliance

By |2022-12-02T18:04:47+00:00November 29th, 2022|Blog, Employee Benefits|

According to the Affordable Care Act (ACA), applicable large employers (ALEs) are obligated to offer full-time employees and dependents affordable minimum essential health coverage. They must also report to the IRS information about the health coverage plans they offer.

Businesses Expand Employee Benefits Offerings to Attract and Retain Top Talent

By |2022-12-02T18:05:51+00:00November 28th, 2022|Blog, Employee Benefits|

In today's competitive labor market, offering traditional benefits like healthcare is no longer enough to attract and retain top talent.

Online Tools Help Employees Make Better Benefits Choices, Boost Engagement

By |2022-12-02T18:06:43+00:00November 27th, 2022|Blog, Employee Benefits|

The traditional enrollment process for employee benefits, which often involved filling out paper forms and waiting for them to be processed, has shifted towards an online platform. Employers are now seeking ways to improve this experience by incorporating decision-support tools.

The Importance of Properly Storing Flammable Liquids

By |2022-11-09T18:47:56+00:00November 9th, 2022|Blog, Personal Insurance|

Flammable liquids are present in nearly every workplace. Gasoline, diesel fuel, and many common products such as solvents, thinners, cleaners, adhesives, paints, waxes and hand sanitizer may be highly flammable or combustible. If used or stored improperly, flammable and combustible liquids can cause serious injury or death.

Inflation Reduction Act (IRA): Healthcare Provisions Employers Should Know

By |2022-11-02T20:09:39+00:00November 1st, 2022|Blog, Employee Benefits|

President Joe Biden signed the Inflation Reduction Act (IRA) into law on August 16, following House and Senate passage. The law's healthcare provisions and increase in IRS auditors could impact employer-sponsored health and retirement plans, so group health plan sponsors should keep an eye on the legislation's provisions, experts say.

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What to Consider When Choosing a Health Benefits Account

By |2022-11-02T21:06:25+00:00October 31st, 2022|Blog, Employee Benefits|

According to the Kaiser Family Foundation, approximately 156,199,800 Americans receive health coverage via employer-sponsored plans.

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Rising Healthcare Costs Compel Employers to Prioritize Plan Affordability

By |2022-11-02T20:57:33+00:00October 29th, 2022|Blog, Employee Benefits|

As healthcare benefits costs continue to rise, 67% of U.S. employers are focused on cost control over the next three years. This is in response to an expected 6% increase in healthcare costs in 2023, compared to the average 5% increase this year.

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