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Legal Alert: IRS Issues Affordability Percentage Adjustment for 2024
This alert is of interest to all applicable large employers (ALEs) – generally, those with at least 50 full-time equivalent employees. The Internal Revenue Service (IRS) has released Rev. Proc. 2023-29, which contains the inflation adj...
Legal Alert: IRS Releases PCORI Fee For Plan Years Ending Before October 1, 2024
This alert is of interest to all employers that sponsor self-insured group health plans, including Health Reimbursement Arrangements (HRAs). Note that the PCORI fee does not apply to most health FSAs. The IRS has released Notice 2023-70, whic...
Legal Alert: IRS Adjusts Health Flexible Spending Account and Other Benefit Limits for 2024
On November 9, 2023, the Internal Revenue Service (IRS) released Revenue Procedure 2023-34, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,200 for plan years beginning in 2024, an i...
The importance of women’s health concerns in employee benefits design
Women’s Health Month 2024 coincides with jarring controversy and growing concern over challenges and inequities regarding women’s health in general and one area in particular: maternal health. Maternal health will be among...
How To Lower Healthcare Costs While Improving Benefit Offerings
The ideal for anyone managing a group health plan is to enhance the organization’s employee benefits program while somehow also lowering healthcare costs. Alera Group can show you how that’s done through actuarial analysis of he...
Legal Alert: HIPAA Privacy Rules Amended to Require Protection of Reproductive Healthcare Information
On April 26, 2024, the Office for Civil Rights (OCR) at the U.S. Department of Health and Human Services (“HHS”) issued a Final Rule amending the HIPAA Privacy Rule to protect the ability of individuals to receive reproductive h...
