Pay or Play Affordability Percentage Will Decrease
Did you know that the Pay or Play Affordability Percentage Will Decrease for 2024? On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability...
Read More
Skipping Prescription Drugs due to Cost
CDC: More than 8% of Americans Skipped, Delayed or Reduced Prescription Drugs Due to Costs Did you know: Americans are skipping prescription drugs due to cost? A new study by the U.S. Centers for Disease...
Read More
2024 Open Enrollment Checklist
2024 Open Enrollment Checklist To get ready for 2024 open enrollment, employers who sponsor group health plans should be aware of the legal changes affecting the design and administration of their health plans for plan...
Read More
Guidance on Wellness Indemnity Payments
IRS Issues Guidance on Wellness Indemnity Payments. On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal...
Read More