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Urgent Update: Department of Labor Guidance on at Home COVID-19 Test | JRW Associates, Inc., a Raleigh Benefit Advisory

The Departments of Labor, Health and Human Services (HHS), and the Treasury (collectively, the Departments) issued Frequently Asked Questions (FAQs) Monday that generally require group health plans and insurers to cover the costs of at-home over-the-counter COVID-19 tests (OTC COVID-19 Tests) approved by the U.S. Food and Drug Administration (FDA) and purchased on or after … Continued

Are Your Healthcare Benefits Contributing to the Labor Shortage? | JRW Associates, Inc., a Raleigh Benefit Advisory

Employee benefits are a major bargaining chip for companies looking to attract talent. The problem is healthcare costs are skyrocketing, and it’s difficult for employers to offer the same level of coverage. Higher costs are either resulting in less coverage or smaller wages for employees. Find out what’s happening with healthcare and recruitment, and get … Continued

IRS Announces 2022 Retirement Plan Contribution Limits | JRW Associates, Inc., a Raleigh Benefit Advisory

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022. Many pension plan limits will change next year because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other items, however, will not … Continued

IRS Announces 2022 Limits for Health FSAs and Transit Benefits | JRW Associates, Inc., a Raleigh Benefit Advisory

The Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,850 for plan years beginning in 2022, up from the 2021 limit of $2,750. For HFSAs that include a carryover provision, up to $570 may … Continued

Departments Issue Further Guidance Under No Surprises Act | JRW Associates, Inc., a Raleigh Benefit Advisory

On September 30, 2021, the Department of Health and Human Services, the Department of Labor, and the Department of the Treasury (collectively, the Departments), along with the Office of Personnel Management (OPM), released an interim final rule (IFR) under the No Surprises Act (Act) to help protect health care consumers from surprise billing and excessive … Continued

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5510 Six Forks Road
Suite 260
Raleigh, NC 27609

Phone
919.571.0883

Email
info@jrwassoc.com