Best Practices Involving HSA Utilization

Top No- or Low-Cost Employee Benefits

Offering employee benefits can be incredibly expensive for employers; however, there are popular little- to no-cost benefit options available. In order to remain competitive in the job market, employers should consider offering some of the following benefits. Wellness programs – encourage physical and mental health, which can improve employees’ wellbeing …

2025 ACA Pay or Play Penalties Decreasing

2025 ACA Pay or Play Penalties Decreasing

The IRS released the 2025 penalty amounts regarding the employer shared responsibility (pay-or-play) rules under the Affordable Care Act (ACA). For the 2025 calendar year, Penalty A will be $2,900 (a decrease of $70 per employee from 2024). Penalty B will be $4,350 (a decrease of $110 per employee from …

$1.2 Billion Cancelled in Student Debt

Black History Month in 2024

Black History Month was created around a century ago to recognize Black men and women and their countless contributions to society. This federally recognized celebration has become one of the most celebrated cultural heritage months according to a professor of social studies education. Focusing on DEI in the Workplace This …

Mental Health Professionals

Importance of Cancer Prevention and Screenings

Cancer continues to be the top healthcare cost for many employers and their medical plans, according to the Business Group on Health report. Within the U.S., over $200 billion per year is spent on cancer treatments and care. Who’s affected The chances of being diagnosed with cancer are high, with …

2025 ACA Pay or Play Penalties Decreasing

Reminder: ACA Reporting Deadlines Approaching

Employers subject to the Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 have deadlines in early 2024. Who is subject to ACA reporting? Employers with self-insured health plans and applicable large employers (ALEs) with either fully-insured or self-insured health plans are subject to ACA reporting. …

Behavioral Health Integration for Medicare Members

FDA Approved 55 New Treatments in 2023

In 2023, the U.S. Food and Drug Administration (FDA) increased their approvals by 50% since 2022, approving 55 new treatments. On average, the FDA typically approves 45-50 drugs every year. The number of approved drugs depends upon the complexity of newly developed drugs and the advancements in the understanding of …