MJ Insight

Explore MJ Insight, where we cover trending topics, provide industry insights, and keep you up-to-date on the latest compliance regulations.

News and Updates
News and Updates

Looking Ahead to a Year of Meaningful Moments

There’s nothing like a milestone to get you thinking about what matters—and about time, which seems to jet by at an ever-increasing pace. I’ve been noticing more and more how many ways we all have to fill time with things (…)

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Benefits+
PUBLISHED September 6th, 2024

Increased Civil Penalty Amounts for SBC, MSP, HIPAA Violations

DeAnn Deck

On Aug. 8, 2024, the U.S. Department of Health and Human Services (HHS) published a final rule increasing key penalties affecting group health plans. …

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Benefits+
PUBLISHED August 30th, 2024

Upcoming Deadline: MLR Rebates

DeAnn Deck

Employers with insured group health plans may soon receive a medical loss ratio (MLR) rebate from their health insurance issuers. Issuers who did not …

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Risk Management
PUBLISHED August 27th, 2024

The Truth About Captives

Byron Shultz

More control and greater potential for financial reward are two benefits of captives. But you may be wondering if it’s worth making the switch. …

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Benefits+
PUBLISHED August 23rd, 2024

2025 Changes – Medicare Part D Creditable Coverage

DeAnn Deck

Employers sponsoring any size group health plan that provides prescription drug coverage are not required to offer creditable coverage, but they are required to …

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News and Updates
PUBLISHED August 1st, 2024

MJ Retirement Receives Expanded CEFEX DOL Cybersecurity Certification

The MJ Companies

INDIANAPOLIS (August 1, 2024) – MJ Retirement, the fiduciary arm of The MJ Companies, a leading financial services firm for 60 years, is proud …

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Benefits+
PUBLISHED July 12th, 2024

PCORI Fees Due July 31, 2024

DeAnn Deck

The Affordable Care Act (ACA) requires self-insured and level-funded plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported …

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Risk Management
PUBLISHED July 9th, 2024

BEYOND TRADITIONAL INSURANCE: CAPTIVE OPTIONS FOR FORWARD-THINKING BUSINESSES

Byron Shultz

It’s the ideal trifecta of insurance: reduce risk, save money, and drive more growth. These advantages are possible when using a captive, an innovative …

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Benefits+
PUBLISHED May 23rd, 2024

Supporting Employees During Mental Health Awareness Month and Beyond

The MJ Companies

Employee mental health has become a workplace topic of increased focus and awareness in recent years. An employee’s mental health includes how they think, …

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Benefits+
PUBLISHED May 21st, 2024

How to Navigate Conversations About Online Compensation Data

Julie Bingham

One of the most prevalent compensation conversations in the workplace is about online pay data: from various sources ranging from employer websites to recruiting …

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Benefits+
PUBLISHED May 17th, 2024

HSA/HDHP Limits Will Increase for 2025

DeAnn Deck

On May 9, 2024, the IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health …

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Benefits+
PUBLISHED May 10th, 2024

DOL Increases Compensation Threshold For Exemption Eligibility

DeAnn Deck

The Department of Labor (DOL) announced on April 23, 2024, a final rule that expands the compensation threshold for exemption eligibility under the Fair …

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Benefits+
PUBLISHED May 3rd, 2024

EEOC’s FAQs on the Pregnant Workers Fairness Act

DeAnn Deck

To help employers prepare for changes under the Pregnant Workers Fairness Act (PWFA), the Equal Employment Opportunity Commission (EEOC) has issued frequently asked questions …

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