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Cyber-attacks continue at an alarming rate. At this point we do not foresee anything to curb the trend as our economy and world are relying more on technology and Artificial intelligence (AI) every day. We urge you to consider working with an IT professional to make sure your systems are up to date and protected as much as possible.

I recently joined Jeffrey Stern on his podcast “Lay of the Land,” for a second time. In this episode, I had the pleasure of discussing a variety of subjects that have shaped my life. These ranged from investing to a commitment to lifelong learning, personal development, giving back and happiness. Jeffrey did a tremendous job capturing decades of lessons in an […]

Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2024 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute (PCORI) via Form 720, which was recently updated and released by the IRS.  As background, the PCORI was established as part of the […]

Leaders in business are often referred to as ‘visionaries’, and some do fall into that category following a career of growing and evolving an organization. It is important to recognize that vision is one quality that separates a leader from a manager. Often managers are considered to do things right where good leaders tend to […]

As a result of the changes to Medicare Part D under §11201 of the Inflation Reduction Act of 2022, on April 1, 2024, CMS released Final Redesign Program Instructions (“Final Program Instructions”) for the Medicare Part D prescription drug program which are effective starting in 2025.  The Final Program Instructions reflect a newly defined standard […]

On April 26, 2024, the Office of Civil Rights (OCR) at the U.S. Department of Health & Human Services (“HHS”) issued a Final Rule amending the HIPAA Privacy Rule to protect the ability of individuals to receive reproductive health care when the care is provided lawfully under the circumstances without risk of an individual’s identity […]

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.”