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Compliance Recap April 2024 | JRW Associates, Inc., a Raleigh Benefit Advisory

FEDERAL TRADE COMMISSION BANS NON-COMPETE CLAUSES On April 23, 2024, the Federal Trade Commission (FTC) finalized a rule banning most employers and employees from entering into non-compete clauses, effective 120 days post-publication in the Federal Register. This move aims to eliminate these clauses across all levels of workers, with a narrow exception for senior executives’ pre-existing agreements. … Continued

Benefits Check-up: 6 Compliance Issues Affecting Your Clients’ Health | JRW Associates, Inc., a Raleigh Benefit Advisory

A health plan is more than a product or service; it’s a relationship. All productive and healthy relationships—especially in the benefits space—rely on trust. When an employer extends trust in a broker or insurance carrier to purchase something as critical as healthcare—for people as critical as their workers and families—we’re obligated to raise all factors … Continued

8 Unique Employee Perks That Don’t Require a Big Budget | JRW Associates, Inc., a Raleigh Benefit Advisory

Free and low-cost employee benefits are perks that don’t cost you much financially. These perks are often simple to provide and help enhance an existing employee benefits package. Including non-traditional benefits in a job offer shows employees your values; they’re a promise to both current and potential employees that you’ll support them and treat them … Continued

Benefits 101: Embedded vs. Non-Embedded Deductibles | JRW Associates, Inc., a Raleigh Benefit Advisory

Everyone needs health insurance but many people don’t fully understand it.  One important concept to understand is your deductible.  A deductible is the amount of money that must be paid for covered services before the health insurance company begins paying for expenses. For an individual plan, the deductible is straightforward.  But family plans are a … Continued

Compliance Recap February 2024 | JRW Associates, Inc., a Raleigh Benefit Advisory

In early February, a federal class action lawsuit was filed against Johnson & Johnson (JNJ) and its plan fiduciaries, alleging overpayment for prescription drugs within its prescription drug plan. The complaint alleges that under the Employee Retirement Income Security Act of 1974 (ERISA), JNJ’s plan fiduciaries are obligated to diligently compare service providers, seek cost-effective options, and … Continued

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Phone
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