2024 Health FSA Inflation Adjustments Released
On November 9, 2023, the Internal Revenue Service issued Revenue Procedure 2023-34 that establishes various 2024 tax-related limits that have been adjusted for inflation. The table below identifies updates to the 2024 health and fringe benefit plans addressed in this notice. Benefit 2023 2024 Maximum Annual Employee Contribution…
Read MoreMedication Non-Adherence: A Problem Employers Can Help Fix
Over 9 million adults cannot or do not take their medications as instructed. Did that stat make you pay attention? It should. Even if you offer insurance to your employees, they still might struggle with taking their medications and treating chronic conditions such as diabetes, high blood pressure, or high…
Read MoreWebinar: ACA the Easy Way
Join Q4intelligence and Marissa Rufo of MZQ Consulting for a webinar on November 14, 2023, with an overview of the latest updates in employee benefits!
Read MoreCompany Culture: The Productivity Powerhouse
Every employee has experienced those days when you feel awesome, energized, and accomplished at the office. Then there are those days when you can barely motivate yourself to show up, let alone get anything done. What’s the difference? Often, it comes down to your company’s work culture and environment. While…
Read MoreA Financial Wellness Wake-Up Call: How to Support Your Team
BrightPlan published its most recent Wellness Barometer Survey, a collection of data to help people learn what’s on employees’ minds and how employers can best support their team—especially in this changing market and workplace environment. The survey focuses on financial wellness, an essential concern for employees. We’ll define financial wellness,…
Read MoreACA Affordability Percentage Drops to a New Low for 2024
Just when we thought affordability percentages couldn’t possibly go lower than the 2023 rate of 9.12%, the Internal Revenue Service released Revenue Procedure 2023-29 declaring the Affordable Care Act (ACA) benchmark for determining the affordability of employer-sponsored health coverage will significantly decrease to 8.39% of an employee’s household income…
Read More