Back in the 1960s, when healthcare plan deductibles and exclusions became commonplace, employers started reimbursing employees for medical expenses not covered by traditional healthcare plans. In 2002, the IRS formally recognized this practice as [...]
Once set to expire in 2019, the Patient-Centered Outcomes Research Institute (PCORI) fee was renewed for the next 10 years. This fee, paid every year by July 31 until 2029, is sent to the [...]
Qualified Small Employer Health Reimbursement Arrangements (QSEHRA) offer a valuable healthcare solution for small businesses. Not only do they provide employees with the freedom to select their own healthcare, but they also offer tax [...]
Large employers with more than 200 employees are the fastest growing segment to adopt Individual Coverage HRAs (ICHRA) in lieu of group coverage, according to a new report by the HRA Council. The Council’s [...]
Lifestyle Spending Accounts, or LSAs, are quickly becoming a popular way for employers to offer reimbursements to employees for certain health and wellness expenses. Once an employer sets up an LSA for an employee, [...]
In today's rapidly evolving business landscape, it is imperative for employers nationwide in the US to prioritize labor law compliance. Adhering to labor laws is not only essential for legal compliance but [...]
As the midyear approaches, it is crucial for employers in Minnesota to stay informed about the latest labor laws that will come into effect. This update highlights key changes to the state's labor [...]
