You'll be glad you took the tax breaks. Outside of housing and maybe transportation costs, healthcare will likely be your largest retirement expense. It's unfortunate, but doctor visits become more frequent, and more health problems tend to pop up as you [...]
The DOL, HHS, and IRS issued a report to Congress on the failure by group health plans to comply with the Mental Health Parity and Addiction Equity Act (MHPAEA). The report is required by the Consolidated Appropriations Act, 2021 (CAA), which [...]
At the end of last year, the IRS raised the fee that insurers or sponsors of self-insured health plans pay annually to fund the federal Patient-Centered Outcomes Research Institute (PCORI) trust fund. The new fee is $2.79 per covered [...]
Seventy-seven percent of employees who ranked their benefits education experience as “fair or poor” also rated their employer as “fair or poor,” according to a survey by the Employee Benefit Research Institute (EBRI). Benefits satisfaction is critical to attract [...]
When it comes to promoting worker safety, employers have a vested interest. U.S. employers spend more than $1 billion a week on workers’ compensation costs for non-fatal injuries. In an effort to reduce these numbers, employers also spend another $1,111 on safety [...]
The following laws take effect in Connecticut on July 1, 2022. They apply to employers of all sizes. MINIMUM WAGE INCREASES Connecticut’s state minimum wage will increase to $14.00 per hour. The minimum base wage for tipped service employees [...]
The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for [...]
Employment benefits that improve quality of life, increase flexibility, and enable people to attend to their personal needs rank high among both employees and job-seekers. And yet, according to the Bureau of Labor Statistics (BLS), while 79 percent of employees have [...]
Falls are the second leading cause of unintentional death in the United States and the most common cause of traumatic brain injuries (CDC). While not all falls are fatal, and many don’t cause any harm, one in five falls [...]
Memorial Day Weekend is just around the corner. Every year, millions of Americans travel on this holiday and this year is no different. AAA estimates that nearly 39.2 million people will travel more than 50 miles from their homes. As people [...]
