MJ Insight

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

MJ Foundation
MJ Foundation

The Power of Community

You’re 17 years old, facing the challenges of being a child in the foster care system, contending with abuse, and ultimately left in a dark and lonely place. You gave yourself a fresh start by starting a family with a (…)

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Benefits+
PUBLISHED November 18th, 2024

Employee Benefit Plan Deadline Relief Issued Due to Recent Natural Disasters

DeAnn Deck

On Nov. 8, 2024, federal agencies issued deadline relief to ensure that employee benefit plans, participants, beneficiaries, qualified beneficiaries and claimants in disaster areas …

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Benefits+
PUBLISHED November 5th, 2024

IRS Announces 2025 Retirement Plan Limits

DeAnn Deck

The IRS has released Notice 2024-80, containing cost-of-living adjustments for 2025 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts …

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Benefits+
PUBLISHED October 23rd, 2024

IRS Releases Health FSA Limit for 2025

DeAnn Deck

On Oct. 22, 2024, the IRS released Revenue Procedure 2024-40 (Rev. Proc. 24-40), which includes the inflation-adjusted limit for 2025 on employee salary reduction …

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Benefits+
PUBLISHED October 21st, 2024

IRS Expands List of Preventive Care Benefits for HDHPs

Ann Poland

The IRS has expanded the list of preventive care benefits permitted to be provided by an HDHP without a deductible. If you administer a …

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Benefits+
PUBLISHED October 14th, 2024

Telehealth Relief Permitting HSA Eligibility Set to Expire 2025

Ann Poland

To encourage individuals to avoid hospitals when appropriate during the COVID-19 health crises, Congress passed relief permitting coverage for telehealth services before satisfying the …

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Benefits+
PUBLISHED October 1st, 2024

Employer Considerations for Navigating Election Season 

Ann Poland

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

Ann Poland

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

Ann Poland

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

Ann Poland

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

Ann Poland

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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Benefits+
PUBLISHED August 23rd, 2024

2025 Changes – Medicare Part D Creditable Coverage

Ann Poland

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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Benefits+
PUBLISHED July 12th, 2024

PCORI Fees Due July 31, 2024

Ann Poland

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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