…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…
…high deductible health plan (HDHP). The agency said that high deductible health plans (HDHPs) will not lose their status if they cover the cost of COVID-19 treatments before plan deductibles…
…flexibility for carryover, the IRS has increased flexibility in dealing with dependents who “aged out” of the normal eligibility during the pandemic. Can I change my elections? Notice 2021-15 also…
…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 (TPA) can…
…Accounts Extension of public health emergency status automatically extends the temporary rule changes regarding COBRA, HIPAA, and group health plans (including FSAs and HRAs). Decreed jointly by the Internal Revenue…
…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…
…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….
…savings account. You can keep and use the money even if your employment status changes. In addition, there are several ways to grow the account over your lifetime. As you…
…payments, and that list doesn’t often change. For example, in 2011, over-the-counter (OTC) drugs and medications were made ineligible as a move by Congress to help fund the Affordable Care…
…can change as often as your circumstances change Employers can contribute to your account However, not all employers offer a 401(k) program, so this option may not be available for…