Benefits Buzz

Did you know that about half of employees don’t understand their benefits, and 80% of employees never even open communications about benefits? Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon”...

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits...

New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the...

Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not...

More employees are enrolling in a high-deductible health plan (HDHP) each year, including more than half of U.S. private-sector workers in 2021. But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible...

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the...

May is Mental Health Awareness Month, an opportunity to raise awareness and reduce stigma surrounding mental health issues in the workplace. With the ongoing COVID-19 pandemic and its impact on our daily lives, mental health awareness is more important than...

President Biden signed legislation ending the COVID-19 National Emergency on April 10, 2023. The IRS and Department of Labor (DOL), however, have indicated informally that there is no change to the Outbreak Period set forth in the FAQs issued by...

Your health plan drives many of your decisions during open enrollment. One emerging trend is employers offering their employees health plan options. Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and...

Health saving accounts (HSAs) offer an excellent opportunity for participants to save money on healthcare expenses and for employers to support their employees’ wellness needs in a cost-efficient way. But there are HSA rules and regulations you and your employees...