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2024 Limits Announced for Health Savings Accounts (HSA), High Deductible Health Plans, and Excepted Benefit HRAs
On May 16, 2023, the Internal Revenue Service released updates to the maximum annual 2024 contribution limits for health savings accounts (HSAs) under high deductible health plans (HDHPs).
Be a Hero by Introducing Clients to More Non-Med Benefits
Employers in many industries are still struggling to fill open positions. Meanwhile, workers are struggling to make ends meet amidst inflation and wage stagnation. Both groups can feel like they are doing everything they can but not making any headway. You can be a hero by introducing them to more non-medical benefits.
Congratulations, David Mordo, for Winning the NJ Lifetime Achievement Award
Congratulations to David Mordo, BenefitMall Compliance Analyst, for winning the NJ Lifetime Achievement Award. He was honored on Tuesday morning at the NJ-NABIP state convention.
Prescription Drug Data Collection (RxDC) Reporting Instructions
In these instructions, the term RxDC report refers to the data submission required under Section 204 of Division BB, Title II (Section 204) of the Consolidated Appropriations Act, 2021 (CAA).1 The Rx stands for Prescription Drug and the DC stands for Data Collection.
Increase Engagement with Enrollment and Submission Technology
Paper enrollment and submission forms were already on their last legs in the years leading up to the COVID pandemic. With companies locked down and so many people working from home, paper forms were no longer practical. Technology replaced them; there was no other choice.
How PEOs Go Beyond Mere Benefits Administration
Any of your clients looking for a little more help with HR administration, but without giving up full control over the workforce, might want to consider working with a professional employer organization (PEO). A PEO goes beyond mere benefits administration to offer a full range of HR functions.
Preparing Employers for the End of COVID-19 Emergencies
Back on January 30, 2023, the President announced his intention to end the COVID-19 National Emergency (NE) and Public Health Emergency (PHE) effective May 11, 2023. Employers should be preparing for the end of the relief.
Dual-Special Needs Plans: Help Your Clients Understand Them
It has been our experience that many brokers avoid selling dual-special needs plans (D-SNPs) due to their complexities—or perceived complexities, if you will. As a broker, you can help your clients overcome perceived complexity objections by also helping them understand exactly what D-SNPs are and how they work.
COVID-19 National and Public Health Emergencies to Terminate May 11, 2023
President Biden announced on February 10, 2023, that he anticipated terminating the COVID-19 National Emergency on May 11, 2023, and U.S. Department of Health and Human Services Secretary Becerra has advised that the COVID-19 public health emergency will also end on May 11, 2023.
Offering Identity Theft Protection as an Employee Benefit
You have been hearing for quite some time now that employers are looking for new and unique benefits that they can use to get a leg up on the competition in hiring and retention. Likewise, today's employees want more than health insurance and retirement plans. They want benefits that speak to modern needs. Enter identity theft protection.
Reporting Requirement for Air Ambulance Services under the No Surprises Act
Under a proposed rule from the Department of Labor (DOL), Health and Human Services (HHS), and the Treasury, group health plans (including ACA grandfathered plans) and health insurers are required to report air ambulance services.
David Mordo Receives Spirit of Freedom Legislative Award From NABIP
BenefitMall's senior compliance analyst, David Mordo, received the Spirit of Freedom Legislative Award presented by the National Association of Benefits and Insurance Professionals (NABIP) at their Capitol Conference in Washington, D.C.