October 25, 2024 Of Counsel The IRS has recently released its inflation-adjusted contribution limits for certain tax-advantaged welfare accounts. Understanding these new limits will help employers communicate during open...more
Open enrollment is right around the corner (at least for employers that run calendar-year health benefit plans), so many employers will be updating their benefit communication plans. Though not comprehensive, the following is...more
The 2025 open enrollment season for employee benefits is swiftly approaching. With newly released IRS guidance, employers should review the cost of their group health plan(s) to ensure affordability. Companies that rely on...more
In what many employers will regard as a welcome change, on February 27, 2024, the Oregon Legislature passed Senate Bill 1515 (which Governor Tina Kotek is expected to sign into law right away) to eliminate many of the...more
November 7, 2023 Employer update Of Counsel With the release of IRS Notice 2023-75, we now know the retirement plan limits for Plan Years starting January 1, 2024. The chart below details the changes made to the limits....more
As we come to the end of the year, it is a good time for employers with January 1st health plan renewals to review their plan documents and get ready for open enrollment. The following is a checklist that lists some of the...more
10/23/2023
/ Affordable Care Act ,
Compliance ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Liability Issues ,
Flexible Spending Accounts ,
HDHPs ,
Health Insurance ,
Large Employer ,
Notice Requirements ,
Preventive Health Care
Employers, this is your annual reminder that the Centers for Medicare & Medicaid Services (CMS) requires sponsors of group health plans to notify eligible individuals whether the employer’s prescription drug coverage is...more
9/27/2023
/ Centers for Medicare & Medicaid Services (CMS) ,
Deadlines ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
Medicare ,
Medicare Part D ,
Open Enrollment ,
Prescription Drug Coverage ,
Prescription Drugs
Any employers muddling through the most confounding labor shortage the construction industry has seen in decades probably have already seen dozens of articles with advice on how to best attract, incentivize, and retain...more
9/20/2023
/ Construction Industry ,
Employee Benefits ,
Employee Incentive Plans ,
Employee Retention ,
Employees ,
Employer Liability Issues ,
Health Insurance ,
ICHRA ,
Individual Retirement Account (IRA) ,
Labor Shortage ,
Prescription Drug Coverage ,
Retirement Plan ,
Telemedicine
The employee benefits 2024 open enrollment season is quickly approaching and, with newly released IRS guidance, employers should be careful to ensure the health plan they offer employees is considered affordable. According to...more