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Five Critical Issues for Employers Reporting 2023 ACA Compliance

By |2023-06-05T17:20:47+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.

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Businesses Expand Employee Benefits Offerings to Attract and Retain Top Talent

By |2023-06-19T19:57:02+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.

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Online Tools Help Employees Make Better Benefits Choices, Boost Engagement

By |2023-06-05T17:25:07+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.

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

By |2023-06-05T17:32:10+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 |2023-06-05T17:34:29+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 |2023-06-05T17:37:07+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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New Legislation for Reducing Premature Retirement Savings Cashouts

By |2023-06-19T19:58:13+00:00October 28th, 2022|Blog, Employee Benefits|

United States Senators Tim Scott (R-S.C.) and Sherrod Brown (D-OH) have introduced the Advancing Auto Portability Act of 2022, which would make it easier for workers to keep their retirement savings with them when they switch jobs. The bill aims to encourage the adoption of auto portability programs.

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KFF Survey Explores America’s Mental Health Crisis

By |2023-06-05T17:41:45+00:00October 26th, 2022|Blog, Employee Benefits|

Mental health is a serious concern for the majority of American adults, according to a new survey conducted by the Kaiser Family Foundation (KFF) and CNN.

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