…May $7,300 (family) June $7,300 (family) July $3,650 (change to individual) August $3,650 (change to individual) September $3,650 (change to individual) October $3,650 (change to individual) November $3,650 (change to…
Changes in family status can change health insurance eligibility. But they can also affect consumer-directed healthcare accounts, prompting questions about mid-year status changes. Here’s how family status changes can affect…
…decreased feelings of security have affected workers and how the pandemic changes benefit strategies for both employees and employers. How have people been changed by the pandemic? Recent studies show…
…how they manage their healthcare during the pandemic will retain those behavioral changes. If true, then a brief examination of what’s driving changes in our industry, the technology enabling those…
…and regulations continue to change and become more complex, and employers must be timely and accurate in implementing and communicating these changes. Having the assistance of a third-party benefits administrator…
…years ending in 2021 without a corresponding qualifying life event (change to marital status, birth/adoption or death of a dependent, change in employment status, etc.) Plan Amendments Required These changes…
…Flexibility Seeking a better work-life balance, employees demanded remote work options and flexible schedules and weren’t afraid to change jobs to get them. A study by Flexjobs in 2022 found…
…cannot change your election to less than $1,000. Similarly, if you had already been paid $1,200 for claims, you cannot change your election to less than $1,200. NOTE: As of…
In May 2020, the Internal Revenue Service (IRS) published COVID-19 guidance for employer-sponsored healthcare benefits. Drafted to address unanticipated changes in medical and childcare costs due to the COVID-19 emergency,…
…2025. Workers Have Changed Even More But the changes to workers are perhaps even more dramatic than those to the workplace. The pandemic has fundamentally affected American attitudes toward work….