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Benefits Buzz June 2023 | Maryland Employee Benefits Agency

HSA/HDHP Limits Increase for 2024 On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year. These limits include: The maximum HSA contribution limit … Continued

Employee Engagement: 8 Ways to Reward a Job Well Done | MD Employee Benefits Firm

At a time when many companies are trying to “do more with less,” employees are feeling overworked and underappreciated. To remedy this problem, Human Resources can help organizations foster robust rewards programs. When budgets are tight, bonuses might not be possible. Recently, however, HR Exchange Network asked users of Terkel.io to share their suggestions for rewards, and they offered … Continued

PCORI fees are due by Monday, August 1, 2022 | Maryland Benefits Team

By way of background, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the Institute’s work, a small annual fee—commonly called the PCORI fee—is charged on group health plans. Grandfathered health plans are not exempt. Most employers do not have to take any … Continued

Pros and Cons of the Gig Economy | Maryland Benefits Agency

Since the start of the pandemic, the gig economy has become more ubiquitous. Human Resources leaders need to understand the new kind of worker attracted to the world of gigs, and learn how to make that kind of non-traditional worker fit into their teams. Some mistakenly believe that the gig economy, also known as the … Continued

Requirements Related to Surprise Billing; Part I Interim Final Rule with Comment Period | Maryland Employee Benefits Agency

On July 1, 2021, the Department of Health and Human Services (HHS), the Department of Labor, and the Department of the Treasury (collectively, the Departments), along with the Office of Personnel Management (OPM) released an interim final rule with comment period (IFC), entitled “Requirements Related to Surprise Billing; Part I.” This rule related to Title … Continued

FAQs About Cobra Premium Assistance Under The American Rescue Plan Act of 2021 | Maryland Employee Benefits Consultants

April 07, 2021 Set out below are Frequently Asked Questions (FAQs) regarding implementation of certain provisions of the American Rescue Plan Act of 2021 (ARP), as it applies to the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA. These FAQs have been prepared by the Department of Labor (DOL). Like previously issued FAQs … Continued

Has Franklin Bikes For MS | Franklin Financial Group

This June, Has Franklin will participate in the MS: Cape Cod Getaway to raise awareness and funds to fight Multiple Sclerosis & Inclusion Body Myositis. Below is a letter from Has explaining this awesome event and how you can join in the fight. Hi Everyone! During the last weekend of June (29-30), I am riding … Continued

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