With open enrollment season in the rear-view mirror for most employers, benefits are out of sight and mind for most people until next open enrollment season. Employers often focus on benefit promotion immediately leading up to and during open enrollment.
The unparalleled flexibility of a health savings account (HSA) has proven to be a popular benefit choice, with the total number of open HSAs increasing nearly five times over the last 10 years alone.
When it comes to Employee Retirement Income Security Act (ERISA) compliance, employers and benefit consultants often ask us questions about plan document and summary plan description (SPD)…
With open enrollment season quickly approaching, it’s important to help your employees stay on top of their benefits with some timely reminders. There are several ways employees can maximize their benefits…
The IRS has officially announced, under Revenue Procedure 2022-38, the 2023 Flexible Spending Account (FSA) and Commuter limits. FSA Limits The Health Care (standard or limited) FSA annual maximum plan contribution limit will increase…
The IRS recently released IRS Notice 2022-41, which creates a new permitted election change for cafeteria plans. Who is impacted by this IRS Notice? This Notice impacts employers that sponsor cafeteria plans…
Health savings accounts (HSAs) are a versatile benefit that has been growing in popularity due to the unique triple tax savings and investment opportunities. However, offering an HSA to employees for…
The workforce has received some major shakeups over the past several years. With declining loyalty and job satisfaction rates, increased job hopping and the ongoing struggle to find talent, employers have a keen focus on doing more to hire the right people…
COBRA Notices are as important now as ever! The COBRA deadline extensions that began in 2020 as a result of the pandemic are still in place – what does this mean for employers and qualified beneficiaries?
A health savings account (HSA) is that can be paired with a qualified high-deductible health plan and offers unique advantages that other types of benefit accounts don’t offer. The unmatched flexibility of HSAs…