The Healthcare Crisis in Massachusetts Small businesses in Massachusetts are grappling with a healthcare system in turmoil. Layoffs, carrier losses, soaring drug costs, and limited access to care are creating a perfect storm of challenges. For many, the burden [...]
Healthcare costs in New England are among the highest in the country, putting significant pressure on businesses, and in many cases are surpassing national averages. With Massachusetts leading the nation in per capita healthcare spending (New England Journal of [...]
New England residents face some of the highest healthcare costs in the nation. For example, recent data shows that the average annual premium for employer-sponsored health insurance in New Hampshire, in many cases, exceeds $7,000 for individuals and $20,000 [...]
In today's complex healthcare landscape, organizations face unprecedented challenges in managing escalating healthcare costs while maintaining quality coverage for their employees. Level funding emerges as a sophisticated solution, offering a hybrid approach that combines the predictability of traditional insurance [...]
When workplace injuries occur, understanding temporary disability benefits becomes crucial for both employers and employees. For companies in the automotive, roads, fuel, transportation, fleet and industrial sectors, managing these benefits effectively can significantly impact both worker recovery and company [...]
Understanding the Evolution of Benefits Management in Today's Business Landscape In today's business environment, benefits administration has evolved far beyond the traditional annual enrollment period. As businesses face increasing challenges in attracting and retaining skilled workers, maintaining competitive benefits [...]
The Evolution of Benefits Administration: A Game-Changing Solution In today's complex business environment, managing employee benefits can consume up to 30% of HR professionals' time. The NARFA Benefit Center stands as a revolutionary hub that transforms this challenging [...]
Key TakeawaysNew age-based catch-up contribution limits for workers 60-63Updated thresholds for retirement accounts and HSAsInflation-adjusted welfare and retirement benefit limitsChanges implemented under SECURE 2.0 ActUnderstanding the 2025 IRS Benefit UpdatesThe Internal Revenue Service (IRS) has released its annual update [...]
The Rising Tide of Healthcare Costs In recent years, employees across various industries have experienced a significant uptick in their out-of-pocket costs for health coverage. This trend shows no signs of slowing down as we head towards 2025, [...]
Beginning January 1, 2025, Connecticut’s paid sick leave law—which currently covers employers with 50 or more employees in the state and only applies to service workers—will be significantly expanded to cover almost all employees and employers. Below are some [...]
