Employee Benefits

    The Patient-Centered Outcomes Research Institute (PCORI) fee established by the Affordable Care Act helps fund research to evaluate and compare health outcomes, clinical effectiveness, risks, and benefits of medical treatment and services.  The fee is currently in place through 2029.  In Notfice 2023-70, the IRS announced that the PCORI fee for plan years…

Employees are the backbone of your company. They drive growth and ensure stability and success. But office life is hectic, and showing appreciation can sometimes slip through the cracks or put as an “I’ll do it later” item on your to-do list. Yet, when employees are recognized for their efforts, they are more engaged and…

It’s that time again – when we all make resolutions that we swear we’ll stick to this time. We swear we’ll stay caught up on our to-do lists, organize our emails, or make those important phone calls. But here’s one your business genuinely can’t afford to skip: implementing a rock-solid information management system. Why, you…

  The Internal Revenue Service (IRS) recently released draft instructions for preparing, distributing, and filing 2023 Forms 1094-B/C and 1095-B/C. These instructions largely mirror guidance the IRS has published in previous years, except that the electronic filing threshold has been reduced from 250 forms to ten forms in aggregate.   This year, employers could mail their…

  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 to a Health Flexible Spending…

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 cholesterol—or taking any needed medicines…