Author: Emily Dempster

In Rev. Proc. 2024-25, the IRS released the inflation adjusted amounts for 2025 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits.   2025 2024 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,300 Family: $8,550 Self-only: $4,150 Family: $8,300 Self-only: […]

April showers bring May flowers, but those same April showers can also bring flash flooding. Flooding is the most common disaster in the United States and floods occur in all fifty states. In the last several years, there have been dozens of flash flooding incidents in communities throughout the Midwest. While the majority of our […]

Efforts to regulate Forever Chemicals in drinking water are in motion. U.S. Environmental Protection Administration (EPA) Administrator Michael Regan said during a press call this month, “We are one huge step closer to finally shutting off the tap on forever chemicals once and for all.”

When an employee is terminated, there is a critical document that is often overlooked in the wake of releasing a team member from the organization—the conversion/portability notice. If your group life insurance policy has conversion and/or portability options, it’s your fiduciary duty to notify employees upon separation to avoid damaging consequences. Here is some helpful guidance on conversion or portability options.

On March 29, 2024, the IRS, DOL and HHS (collectively, “the Agencies”) released final regulations implementing new notice requirements for group hospital or other fixed indemnity plans that begin on or after January 1, 2025.  As discussed in more detail below, these final regulations differ from the proposed regulations released by the Agencies on July […]

There’s a correlation between many life lessons and investment lessons. Whether in life, business or investing, when we do what we are passionate about and are good at it, we can be exponentially more successful. Ted Williams was one of the greatest hitters in baseball history with a batting average of over .400. Warren Buffett […]

With the 2023 reference year RxDC reporting deadline approaching soon, plan sponsors should familiarize themselves with recent updates to the RxDC Reporting Instructions.    As a reminder, the Consolidated Appropriations Act, 2021 includes a provision that requires group health plans and health insurance issuers (collectively “plans and issuers”) to report certain specified data related to […]

I needed to learn how to become the CEO of myself. To me, being the CEO of my life means I must take the lead in whatever I am trying to accomplish. It’s impossible to know everything about everything, so I should reach out to those with more knowledge and experience to increase the chances […]

Much is written regarding the state of the personal insurance marketplace in 2024. An article in the Wall Street journal on January 8, 2024, maintains that “Buying home and auto insurance is becoming impossible.” WSJ further assert that “For many Americans, getting insurance for both their cars and home has gone from a routine, generally […]