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 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.
Human Rights Watch, an international non-governmental organization, takes aim at the U.S. and calls for stronger government action to protect Americans from aggressive debt collection by nonprofit hospitals, in a new report.
The Telehealth Benefit Expansion for Workers Act would allow employers to offer workers standalone telehealth benefits, however, some detractors say it leaves employees unprotected from deceptive marketing practices.
The ERISA Industry Committee, an employer advocacy group, implored the IRS in a letter to clarify how sponsors can implement new SECURE 2.0 features - and also offered recommendations for improving health care benefits.
Benefits groups support the proposal, which would require retirement plans to use money forfeited by participants when they leave an employer before the end of a vesting schedule, starting in 2024..