On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023.
Learn MoreCOBRA rules have changed over the past two years in order to recognize the complications accompanying the COVID-19 pandemic. The resulting confusion can result in penalties, medical claims, litigation, and class-action lawsuits.
Learn MoreDo you know what your HR clients are looking for in a broker? We know employers are looking for more from their agents. While employers continue to rely on insurance agents for expert insurance provider advice, they are now looking for more help navigating the ever-changing workplace and shifting employee needs in order to create their own niche in their industry.
Learn MorePPE Are Deductible Medical Expenses. During the COVID-19 pandemic, you may have purchased masks or personal protective equipment (PPE) for the purpose of preventing the spread of the coronavirus (COVID-19). Now, according to a recent announcement from the Internal Revenue Service (IRS), those PPE purchases may be deductible from your income for tax purposes and […]
Learn MoreIn addition, any changes to a health plan’s benefits for the 2022 plan year should be communicated to plan participants through an updated summary plan description (SPD) or a summary of material modifications (SMM). Health plan sponsors should also confirm that their open enrollment materials contain certain required participant notices, when applicable—for example, the summary […]
Learn MoreWill Remote Workers Affect Open Enrollment? Open enrollment will be here before you know it—and it’ll likely differ than those held in years past, especially for remote employees. Benefit offerings may be changing, and you may be enrolling virtually as a remote employee. As such, it’s essential to come prepared. To avoid last-minute headaches, familiarize […]
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