A proposed class action lawsuit filed against Johnson & Johnson (J&J) alleges that the company breached its fiduciary duties under ERISA by mismanaging its prescription drug benefits plan. The complaint asserts that J&J violated ERISA’s fiduciary duty of prudence in multiple ways and that this mismanagement cost the plan and its participants millions of dollars…
On Nov. 9, 2023, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23-34), which includes the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs increases to $3,200. This is a $150…
American Health & Wellness Announces their Annual HealthyMe Corporate Wellness Awards Last week we announced our 2023 Annual HealthyMe Lifestyle Contest individual winners, but this would not have been possible without the organizations that partner with us to provide the health coaches and programs that helped these employees reduce weight, waist circumference and lower all…
More winners! More lives changed! We would like to congratulate our 2023 Annual HealthyMe Lifestyle Contest runner-ups! You may have seen our four top finalists, but the stories continue in the lives of our 15 runner-ups! So many people suffer everyday with arthritis and chronic health conditions like heart disease and Type 2 Diabetes. Many…
“I lost 100 pounds and am no longer a diabetic!” shared first-place winner Greg from C&S Machines at our 2023 Annual HealthyMe Lifestyle Contest awards ceremony. Like Greg, our top four winners made significant lifestyle changes over the course of the six-month contest. These four winners alone totaled a combined 238-pound weight loss! Not only…
Amid a recent rise in COVID-19 infections, the U.S. Department of Health and Human Services (HHS) has announced that free COVID-19 tests will once again be available. Beginning Sept. 25, 2023, U.S. households may place orders to receive four free rapid test kits. Visit the Federal Trade Commission (FTC)’s consumer advice webpage for further information…
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2023—the…
The Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), has released a new model Employer CHIP Notice with information current as of July 31, 2023. As a reminder, the Children’s Health Insurance Program Reauthorization Act of 2009 (CHIPRA) imposes an annual notice requirement on employers that maintain group health plans in states…
On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2024, employer-sponsored coverage will be considered affordable under the ACA’s pay or play rules if the employee’s required contribution…
Welcoming a newborn into your family is a joyous occasion. It also comes with significant responsibilities, such as ensuring your infant’s health and properly using your health care benefits. Securing health insurance for your newborn is a crucial step toward making sure they receive the medical treatment they need, safeguarding their health, and providing you…