Author Archives: hoffman
Employee Guide to the Major Types of Health Plans
You have many choices when it comes to selecting a health insurance plan, which can make the process feel overwhelming. Health plans vary and have their own sets of benefits and drawbacks related to coverage, physicians, copays and premiums, among … Continue reading
PRIORITIZING WELLNESS DURING THE 2022-23 SCHOOL YEAR
Many may be excited for school to start after a long summer. However, the new school year can come with new and recurring challenges. The 2022-23 school landscape looks different from previous years during the COVID-19 pandemic. Mask mandates are … Continue reading
PREVENT BURNOUT THROUGH MEANINGFUL CONNECTIONS
Burnout—known as a state of physical, emotional or mental exhaustion—has always been an issue within the workforce, but it has become more prevalent as a result of the COVID-19 pandemic. Now more than ever, people are increasingly anxious and stressed. … Continue reading
Inflation Reduction Act Contains Some Health Reforms
On Aug. 12, 2022, the U.S. House of Representatives passed the Inflation Reduction Act. President Joe Biden is expected to sign it into law shortly. While this bill is primarily aimed at fighting inflation and reducing carbon emissions, it also … Continue reading
Pay or Play Affordability Percentage Decreased for 2023
On Aug. 1, 2022, the IRS issued Revenue Procedure (Rev. Proc.) 2022-34 to index the contribution percentages in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2023, employer-sponsored … Continue reading
2023 Open Enrollment Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2023. Employers should review their plan documents … Continue reading
Proposed Overtime Rule Expected in October 2022
In its recent spring regulatory agenda, the U.S. Department of Labor (DOL) announced its plans to issue a proposed overtime rule in October 2022. According to the agency’s regulatory agenda, this proposed rule is expected to address how to implement … Continue reading
Form 5500 Is Due by Aug. 1, 2022 for Calendar Year Plans
Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2021 with the Department of Labor (DOL) by Aug. 1, 2022. An employer may extend this deadline by two and … Continue reading
Texas Mutual Policy Holder 2022 Safety Grant
Helping clients build a safe workplace is one of Texas Mutual most important goals. Through their safety grant program, they award recipients up to $1,500 to purchase safety equipment. When the grant opens on July 6 at 8 a.m. CDT, … Continue reading
MANAGING STRESS AND ANXIETY DURING TROUBLING TIMES
Tuning into the news may be highly stressful or upsetting for many Americans. If you’ve been experiencing stress or anxiety due to current events, you are not alone. Stress is part of everyday life, but it can be particularly heightened … Continue reading
