The Broker Innovation Lab celebrates brokers and other benefits stakeholders who have embraced the changing marketplace to position themselves and their business for future success
A group of four bipartisan senators, including Sen. Charles Grassley, sent a letter to tax commissioners over concerns that these hospitals may not be providing charity care to communities as required for their tax-exempt status.
The notice said that list would be reviewed periodically to determine whether more items should be included if they are proven to either prevent certain conditions or improve chronic disease diagnoses.
There's an urgent need to educate nonprofit employers about alternative benefit solutions to group health insurance, like qualified small employer health reimbursement arrangements (QSEHRAs) that may be a much better fit, according to a new report.
A recent Pennsylvania ruling striking down Tower Health's tax-exempt status sent a warning shot to the roughly 3,000 nongovernment tax-exempt hospitals nationwide, as states consider legislation to better define charity care.
Most plan sponsors are monitoring regulatory changes, properly managing plan operations and have appropriate fund and investments offerings, but even with diligent effort, mistakes will happen.
The takeaway message for employers: Wellness incentive program payments will not receive favorable tax treatment if they are not related to health care expenses, the IRS announced in a new guidance memorandum.
Despite increased health care spending in the wake of the pandemic, average balances in health savings accounts increased since 2020, rising from $3,622 to $4,318 in 2021.
Offering employees advice about their personal finances needs to be balanced with concern for their privacy, which is why leveraging technology to drive employee financial wellness is key.