Penalties apply not only if coverage isn’t offered – but if the wrong coverage is offered. Under the Affordable Care Act’s (ACA) employer mandate, applicable large employers (ALEs) must offer comprehensive health coverage to full-time...

Which of your employer-sponsored health plan costs cause you the most headaches? If you’re like 60 percent of the employers surveyed by the National Alliance of Healthcare Purchaser Coalitions, it’s the rising cost of prescription drugs.A...

Employers who are interested in implementing a Dependent Care Assistance Plan (DCAP) or adopting additional flexibility should consult legal counsel, as well as the Internal Revenue Service’s (IRS) Notice 2021-26. The notice clarifies what...

The Consolidated Appropriations Act has made it easier for grandparents to save money for grandkids in an employer-sponsored 529 plan — starting with the 2023-2024 academic year. A 529 plan is a tax-advantaged employer-offered savings account employees...

No Surprises Act Fails to Remove All Surprises A new document designed to clarify the No Surprises Act regulations addresses some medical billing issues but leaves other important guidance to be determined later. The No Surprises Act (NSA) is a part...

Look around a typical workplace and you’re likely to see four generations of employees — Baby Boomers, Generation Xers, Millennials and Generation Zers. With that much diversity, it stands to reason that each generation needs different benefits....

A cafeteria plan, also known as a Section 125 plan, is a way for employers to provide multiple benefits while lowering taxes for themselves and their employees. While more choice is always welcome, there are some drawbacks to cafeteria plans. Here’s...

Voluntary Benefits That Could Move the Needle for Employees in 2022 An increasing number of employees view health and other benefits among their top three reasons for job satisfaction, according to studies by Ameritas Life Insurance Corp. Two recent...

How the Pandemic Is Making Employer-Sponsored Life Insurance More Attractive COVID-19 has driven up mortality rates, so it’s no surprise that life insurance companies are taking note. Currently, they are reevaluating their requirements for offering...

Now that the COVID-19 pandemic has highlighted how useful telehealth services can be, employers may wish to encourage employees to try this money-and time-saving option. In general, telemedicine focuses on using video over devices such as laptops...