2025 ACA Pay or Play Penalties Decreasing

ACA Reporting Deadlines in 2024

Employers who are subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 have upcoming reporting deadlines in 2024. For the 2023 calendar year, employers are required to furnish statements to individuals by March 1, 2024, and file paper returns with the IRS by February …

Mental Health Professionals

Mental Health and Music Therapy

Within the past week, 574 million Spotify listeners received their “Spotify Wrapped,” highlighting how important music is to so many individuals around the world. Music isn’t just a form of entertainment; music therapy has the ability to enhance mental health. Listening to music can improve: Cognitive performance, Executive function, Overall …

Mental Health Professionals

Managing Holiday Stress

The holiday season is a time of increased spending, end of the year deadlines, high expectations, and overscheduling. According to BetterHelp, a mental health platform, around 45% of employees are worried about stress levels during the holiday season. Fortunately, there are ways to decrease stress and maintain a healthy work-life …

Top No- or Low-Cost Employee Benefits

Attitude and mindset affect retirement preparation

Even before joining the workforce, many individuals already understand that it’s important to save for retirement. There are many ways to financially prepare, but there are certain traits that increase the chances of a timely and fruitful retirement. The top four traits are: Over-optimism; Mindful decision-making that accounts for the …

Behavioral Health Integration for Medicare Members

2024 Plan Limits Announced

The Internal Revenue System (IRS) recently announced the 2024-dollar limits for employee benefits including: High Deductible Health Plans (HDHPs), Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), transportation benefits, and adoption assistance. As cost-of-living expenses continue to rise due to inflation, the IRS annually adjusts contribution limits to accommodate spending …

2025 ACA Pay or Play Penalties Decreasing

2024 Retirement Plan Limits

The Internal Revenue Service (IRS) recently released Notice 2023-75, announcing the cost-of-living adjustments for 2024. These adjustments affect the amounts of money in which employees can contribute to 401(k) plans and individual retirement accounts (IRAs). 2024 limit increases Important 2024 limits announced by the IRS include: The employee contribution limit …