2025 Health FSA Inflation Adjustments

December 12, 2024

The Internal Revenue Service recently issued Revenue Procedure 2024-40, which establishes various 2025 tax-related limits that have been adjusted for inflation. The table below identifies updates to the 2025 health and fringe benefit plans addressed in this notice. The health flexible spending account (health FSA) employee contribution limit, carryover limit, and maximum qualified small employer health reimbursement arrangement (QSEHRA) employer contribution are annual amounts that apply once a plan starts/renews in 2025.

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Turning Data into Loyalty: How to Improve Customer Retention and Trust

December 5, 2024

The tech industry perfected the art of using data to enhance user experiences, drive loyalty, and turn customers into advocates. But you don’t need cutting-edge algorithms or a team of data scientists to do the same for your business. Whether you own an established business or are a new, growing employer, applying straightforward, intentional data collection and customer feedback analysis can elevate the customer experience, boost retention, and turn clients into raving fans and brand evangelists.

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Medical supplies including a stethoscope, pills, a blister pack of capsules, syringe, face mask, notepad, digital thermometer, a cup of coffee, and eyeglasses arranged on a turquoise background.

Regulatory Remix

November 21, 2024

The federal agencies released several pieces of guidance over the last couple weeks, primarily focused on expanding and clarifying preventive coverage for HSA-eligibility and coverage with no cost-sharing as required under the Affordable Care Act (ACA). The various guidance is summarized below.  

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Working With vs. Working For: Why It Matters

November 14, 2024

At first glance, having someone work for you and having someone work with you might seem like the same thing. After all, the job gets done either way, right? But when you dig deeper, this difference can transform your team’s productivity, spark creativity, and fuel long-term success. It’s not just semantics—it’s a shift that can redefine your entire approach to leadership.

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Compliance Corner Webinar:  The Top 10 Compliance Topics You Must Know (or Do) for 2025

November 7, 2024

A lot has happened (or simply been a hot topic of discussion) this year in benefits compliance.   Join us as we wrap up the Top 10 compliance topics you need to add to your to-do list or update going into 2025.

We will cover topics as newsworthy as the final Mental Health Parity rules and more niche topics like new notice requirements you may have missed.

In the fast-paced and always-changing landscape of benefits compliance, it may feel like keeping up is the hardest part. But we’ve got you! We’ll break down the Top 10 things you need to know for the next year and why you need to focus on these changes for your plans.

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Cybersecurity and ERISA

October 31, 2024

On September 6th, 2024, the Department of Labor (DOL) issued a press release reminding ERISA plan fiduciaries that it considers cybersecurity to be an area of “great concern.” Due to a rash of cybersecurity incidents, the DOL has increased its investigations of violations in this area. The DOL also published updated cybersecurity guidance that builds on documents the Department released in 2021. Most importantly, these new publications clarify that the DOL’s cybersecurity guidelines apply to all types of ERISA plans, including health and welfare plans.

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