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Navigating Employee Benefits: A Glossary | JRW Associates, Inc., a Raleigh Benefit Advisory

Employee benefits can be a complex landscape, filled with acronyms and unfamiliar terms. In fact, more than 50% of American adults report that they don’t have a clear understanding of their health insurance.  Many people are confused because they reach adulthood without ever learning the basics of health insurance terminology.  Illiteracy about health insurance is … Continued

Gag Clause Attestation Deadline | JRW Associates, Inc., a Raleigh Benefit Advisory

As the year comes to an end, a crucial compliance deadline looms for employers with health plans. Under the Consolidated Appropriations Act (CAA), health plans and insurance issuers must submit a Gag Clause Compliance Attestation by December 31, 2024. Since its enactment in 2020, this regulation prohibits health plans from including gag clauses—provisions that limit … Continued

Final Rules Under the Mental Health Parity and Addiction Equity Act | JRW Associates, Inc., a Raleigh Benefit Advisory

On Sept. 9, 2024, the U.S. Departments of Health and Human Services (HHS), Labor (DOL), and the Treasury (IRS) (collectively, the Departments) released new final rules implementing the Mental Health Parity and Addiction Equity Act (MHPAEA). The final rule updates the way the Departments determine whether health plans treat mental health and substance use disorder … Continued

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

SUMMARY ANNUAL REPORT DUE The Summary Annual Report (SAR) is a disclosure requirement under ERISA. The SAR acts as a narrative of the Form 5500 for employee benefit plans. It includes financial statements, funding requirements, and participants’ rights. The SAR must be provided to participants and enrolled beneficiaries within nine months after the end of the plan … Continued

The Pay or Play Percentage Increase for 2025 | JRW Associates, Inc., a Raleigh Benefit Advisory

The Affordable Care Act (ACA) requires large employers to offer affordable health insurance coverage to their full-time employees or face a penalty known as the “Pay or Play” tax. This tax is based on the employer’s average monthly wage (AMW) and the number of full-time employees.  The affordability rate for employer-sponsored health coverage will increase from 8.39% to … Continued

Bridging the Generational Divide: Leveraging Technology for Effective Communication | JRW Associates, Inc., a Raleigh Benefit Advisory

In today’s diverse workplaces, effective communication across generations is essential for fostering collaboration, productivity, and a positive work environment. Understanding the unique communication preferences of each generation can help bridge the gap and create a more inclusive and harmonious workplace. Technology can play a crucial role in bridging the generational gap and facilitating seamless communication. … Continued

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Raleigh Office:
9121 Anson Way
Suite 200
Raleigh, NC 27615

Phone
919.571.0883

Email
info@jrwassoc.com