Employee Benefits Reports

According to a survey by professional services efirm Aon, the number of employers offering voluntary benefits increased by 41 percent from 2021 to 2022.

he IRS announced a significant increase in health savings account (HSA) and high-deductible plan (HDHP) contribution limits prompted by rising inflation.

There will be fundamental changes to retirement legislation if the Senate passes the SECURE Act 2.0, which the House of Representatives overwhelmingly passed by a vote of 414 to 5 in March.

Elevated inflation rates, a breakdown of global trade, and spiking stress levels are just some of the problems American workers are experiencing.

Officially, the COVID-19 pandemic may have started two years ago, but its side effects are still wreaking havoc in the workplace. According to the Bureau of Labor Statistics, more than 38 million workers quit their jobs in 2021. With employee resignations rising to record numbers, employers are looking for ways to curb the exodus. First,…

A new document designed to clarify the No Surprises Act regulations addresses some medical billing issues but leaves other important guidance to be determined later. The No Surprises Act (NSA) is a part of the Consolidated Appropriations Act of 2021 (CAA). It provides federal protections to patients who get bills for receiving care out of…

A cafeteria plan, also known as a Section 125 plan, is a way for employers to provide multiple benefits while lowering taxes for themselves and their employees. While more choice is always welcome, there are some drawbacks to cafeteria plans. Here’s what you should know if you’re considering offering this benefit. Background A cafeteria plan…

COVID-19 has driven up mortality rates, so it’s no surprise that life insurance companies are taking note. Currently, they are reevaluating their requirements for offering coverage, making it harder to get coverage — especially if someone has COVID-19. There are two ways to buy insurance, as an individual and in a group. While individual policies…

The emphasis is on “might” since the ADA does not provide a checklist of covered conditions. Employees’ cases must be reviewed on an individual basis to determine whether they have physical or mental impairments that substantially limit a major life activity such as breathing, thinking, sleeping or working. The ADA, implemented in 1990, ensures that…

As the economy recovers from the pandemic there are more jobs than workers. At least more jobs than workers willing to take the jobs that are available. In fact, there are 3.5 million fewer people in the workforce now relative to February 2020, according to the Bureau of Labor Statistics. There are several reasons for…