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...
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Proposed Overtime Rule Pushed to August 2023
Proposed Overtime Rule Pushed to August 2023 The U.S. Department of Labor (DOL) has recently revealed it will issue a proposed overtime rule in August 2023, according to the most recent regulatory agenda. This is...
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Health Care Spending on the Rise
Health Care Spending Projected to Surpass $7 Trillion by 2031 Estimates from the Centers for Medicare and Medicaid Services (CMS) project annual U.S. health care spending to reach approximately $7.2 trillion in 2031. In 2022,...
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Back Pain Leading Cause of Disability
Back Pain Remains the Leading Cause of Disability Worldwide A new study published in The Lancet Rheumatology medical journal revealed that low back pain remains the leading cause of disability globally. In 2020, 619 million...
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