MJ Insight

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

Benefits+
Benefits+ | Employee Benefits

Keep Employees Informed About Mental Health Benefits

Chances are good that you’re paying (and paying a lot) for mental health benefits employees aren’t even aware of. Chances are also good that a number of your plan participants would utilize those services if they were aware of them.   (…)

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Benefits+
PUBLISHED October 1st, 2024

Employer Considerations for Navigating Election Season 

DeAnn Deck

Election season can be a fraught time for employers. Employers are often faced with the challenge of fostering a culture of open communication while …

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Benefits+
PUBLISHED September 20th, 2024

EBSA Releases Updated Cybersecurity Guidance for Employee Benefit Plans

DeAnn Deck

Through Compliance Assistance Release No. 2024-01, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is confirming that the cybersecurity guidance it issued …

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Benefits+
PUBLISHED September 17th, 2024

Pay-or-Play Affordability Percentage Will Increase for 2025

DeAnn Deck

On Sept. 6, 2024, the IRS released Revenue Procedure 2024-35 to index the contribution percentage in 2025 for determining the affordability of an employer’s …

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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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