Reminder: RxDC Reporting Due June 1st
With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements. The 2024 reference year RxDC Reporting Instructions have been released, though there were no changes to the reporting requirements or data elements from last year. As a reminder, the Consolidated Appropriations Act, 2021 includes a […]
Top Employee Benefits Questions for 2025: Expert Answers to the Biggest Challenges
Employee benefits are at the core of attracting and retaining top talent for businesses of all sizes. From new compliance regulations to shifting workforce priorities, employers face challenges in designing effective benefits programs. To help you navigate these changes, we’ve asked our Employee Benefits team to share their insight into some of the most pressing […]
Making the Switch: Transitioning from Fully Insured to Self-Funded Health Plans
As businesses look for innovative ways to manage rising healthcare costs and offer competitive benefits, many are transitioning from fully insured health plans to self-funded models. Self-funding allows employers to take greater control over their benefits program, customize coverage, and potentially reduce expenses. However, this shift also comes with its share of challenges. If you’re […]
Non-Profits and Employee Benefits: How to Keep Costs Down While Staying Competitive
Balancing cost-effectiveness with attractive employee benefits is a challenge for any organization, but it’s especially crucial for non-profits. In this sector, resources are often limited, and high costs can strain budgets that are allocated primarily for mission-driven activities. However, providing competitive benefits is essential for attracting and retaining top talent. Here are several strategies non-profits […]
Don’t Miss the OSHA 300A Deadline: What Employers Need to Know
As the new year begins, businesses across the U.S. must prepare for one of the most critical compliance deadlines on the calendar: submitting the OSHA Form 300A. This key requirement applies to many employers and plays an essential role in ensuring workplace safety transparency. Here’s everything you need to know to stay compliant and avoid […]
Legal Alert: New ACA-Related Laws Provide More Flexibility to Employers
On Monday, December 23, 2024, President Biden signed into law two bills, H.R. 3797 (the “Paperwork Reduction Act”) and H.R. 3801 (the “Employer Reporting Improvement Act”),which will positively impact applicable large employers (“ALEs”) and other entities required to furnish forms 1095-B or 1095-C to individuals. Background Under the Affordable Care Act, ALEs (i.e., employers who […]
The Power of HR Transformation: How a Consultant Can Turn Your HR from Administrative to Strategic
Human Resources is often seen as the engine that keeps an organization running smoothly, but too many companies limit HR’s potential to routine administrative tasks. Payroll processing, employee onboarding, and compliance are important, but they barely scratch the surface of what HR can achieve. What if your HR department could become a strategic powerhouse that […]
Key Drivers of 2025 Healthcare Cost Increases
Healthcare costs have been on the rise for decades, but the pace at which they are increasing is causing concern among individuals, employers, and policymakers alike. As we approach 2025, numerous factors are expected to contribute to an escalation in healthcare expenses, creating financial pressures across the system. With an aging population, advancements in medical […]
Employee Benefits Strategies for Small Businesses
Running a small business comes with many responsibilities, including attracting and retaining top talent. As a small business owner, you may face unique challenges in offering competitive employee benefits compared to larger companies with more extensive resources. However, providing a well-rounded benefits package can be a powerful tool to create loyalty and boost employee job […]
Post-Open Enrollment: How to Ensure Your Employees Use Their Benefits
Open enrollment season may be (or almost) over, but it’s just the beginning of an essential phase in employee benefits management: ensuring that employees use and benefit from the coverage they’ve chosen. This is especially important now considering that projections show that the cost of employee benefits will continue to rise year over year. Effective […]
