Group health plan sponsors must provide the annual Medicare Part D creditable coverage disclosure notices to Medicare-eligible individuals before Oct. 15, 2023—the start date of the annual enrollment period for … Continued
Student loan debt has gained considerable visibility in the past few years. Since the COVID-19 pandemic began, first President Trump and then President Biden signed executive orders to place a … Continued
A few weeks ago, I was watching the hit Disney animated movie Encanto with my children. Like everyone else, I was captivated by the lovely story and especially the music … Continued
On November 10, 2021, the Internal Revenue Service (IRS) announced that the health (flexible spending account (FSA)) dollar limit on pre-tax salary reduction contributions will increase to $2,850 for 2022 … Continued
In 2003, the Medicare Modernization Act (MMA) was signed into law. Under the MMA, plan sponsors (generally employers) of group health plans providing prescription drug coverage must provide a notice … Continued
As the coronavirus pandemic continues within the United States, late in 2020, the government passed the Consolidated Appropriations Act, 2021 (CAA). The act provided extended economic relief to businesses and … Continued
Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits: High … Continued
On April 28, 2020, the Departments of Labor (DOL) and the Treasury (USDT) issued a final rule extending the required deadlines for various health and benefit plan requirements such as: … Continued
Given the social distancing orders in most states, many day care facilities, schools, and children’s programs are closed. Thus, a question that is frequently asked is what options do employees … Continued
As more employers consider using artificial intelligence in human resources activities such as benefits enrollment, they should recognize the technology’s limitations while establishing processes and reviews to prevent compliance and … Continued