October 27, 2022
Employee financial “wellness” is an important aspect of a well-rounded benefits program for any organization. Employee benefits are more important to associates now than before the pandemic. Learn why voluntary benefits matter now more than ever by downloading our handout.
July 28, 2023
On July 12, 2023, the IRS, DOL and HHS (collectively, “the Agencies”) released proposed regulations that modify the conditions for hospital indemnity and other fixed indemnity insurance to be considered an “excepted benefit.” Maintaining “excepted benefit” status is important for fixed indemnity plans, as it exempts them from having to comply with the ACA’s insurance […]
June 28, 2023
FICA Reduction Redux – IRS Issues Guidance on Wellness Indemnity Payments On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal Insurance Contributions Act (FICA) taxes, Federal Unemployment Tax Act (FUTA) taxes, and federal income tax withholding […]