On July 25, 2023, the agencies released an extensive proposed rule related to the Mental Health Parity and Addiction Equity Act (the “Proposed Rule”) as well as a Technical Release requesting comments on certain proposed data requirements for...
On November 9, 2023, the Internal Revenue Service (IRS) released Revenue Procedure 2023-34, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,200 for plan years beginning in 2024, an increase of $150 from 2023. ...
This alert is of interest to all employers that sponsor self-insured group health plans, including Health Reimbursement Arrangements (HRAs). Note that the PCORI fee does not apply to most health FSAs. The IRS has released Notice 2023-70, which sets the applicable...
Deerfield, IL (October 26, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Rick Young Insurance, an insurance agency offering employee benefits services including health insurance, life...
Deerfield, IL (October 17, 2023) — Alera Group, a top independent national insurance and financial services firm, announced today the acquisition of Brio Benefits (Brio), an employee benefits consulting company based in New York. "At Brio, we've held...
On September 27, 2023, the DOL, IRS and HHS released FAQs About Affordable Care Act Implementation Part 61 (“FAQ Part 61”) which addresses lingering questions about enforcement of the Transparency in Coverage Final Rules (TiC Final Rules). More...
