MJ Insight

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

Employee Benefits
Employee Benefits

Why Group Captive Insurance Is Helping Employers Control Rising Healthcare Costs 

Rising healthcare costs are forcing employers to rethink how they fund and manage employee benefits. As specialty drug spending, high-cost claims, and medical inflation continue to climb, many organizations are turning to employee benefits captives as a way to gain (…)

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Street view of Washington, D.C. featuring the U.S. Capitol building in the background, with vehicles and bike lanes visible, showcasing urban infrastructure and city life.
PUBLISHED November 9th, 2023

2024 HEALTH FSA & QUALIFIED TRANSPORTATION LIMITS

Bryan Gross

NOVEMBER 2023 In Revenue Procedure 2023-24, the IRS sets forth a variety of 2024 adjusted tax limits. Among other things, the notice indicates that …

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Miniature figures of a man and woman sitting on stacks of coins, symbolizing financial disparity and wealth management concepts.
PUBLISHED November 7th, 2023

BEYOND BUZZWORDS: PAY TRANSPARENCY’S ROLE IN TOTAL REWARDS

Julie Bingham

As a result of changing labor markets, more and more employees are demanding pay transparency. Employees are demanding it, legal mandates are reinforcing it, …

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Street view of Washington, D.C. featuring the U.S. Capitol building in the background, with vehicles and bike lanes visible, showcasing urban infrastructure and city life.
PUBLISHED November 3rd, 2023

PCORI FEE AMOUNT ADJUSTED FOR 2024

Bryan Gross

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on …

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Two women collaborating in a modern office setting, one showing something on a tablet while the other smiles. A man works on a laptop in the background, creating a productive and engaging work environment.
PUBLISHED October 31st, 2023

BOOMERANG EMPLOYEES: THE UNCONVENTIONAL RETURN TO FORMER EMPLOYERS

The MJ Companies

In the aftermath of the “Great Resignation,” yet another unexpected trend is emerging on the talent horizon: the rise of boomerang employees. This trend …

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Graduation cap with a red tassel resting on a bed of hundred-dollar bills, symbolizing the financial investment in education and the cost of student loans.
PUBLISHED October 24th, 2023

HELPING EMPLOYEES MANAGE STUDENT LOAN DEBT

Doug Prince

The end of the student loan repayment moratorium marks a fresh wave of financial challenges for many American workers. In a time when a …

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The image features the United States Capitol dome in Washington, D.C., with a small airplane flying in the background against a cloudy sky. The iconic structure showcases its intricate architectural details, symbolizing American democracy and government.
PUBLISHED October 20th, 2023

FINAL FORMS AND INSTRUCTIONS FOR 2023 ACA REPORTING RELEASED

Bryan Gross

The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: Draft versions of these forms …

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Syringe kit with instructional guide, featuring a syringe, vial, and step-by-step usage instructions, displayed on a grid background.
PUBLISHED October 10th, 2023

GLP-1 DRUG COVERAGE: BALANCING COSTS AND WELLBEING CONCERNS

The MJ Companies

Lately, there has been a significant uptick in the popularity of GLP-1 drugs like Ozempic and Wegovy. Boasting jaw-dropping results and a slew of …

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View from the Supreme Court steps featuring classical columns, with the American flag flying and the U.S. Capitol building visible in the background surrounded by trees.
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

Bryan Gross

Only eligible individuals can establish HSAs and make contributions (or have them made on their behalf). An individual’s eligibility for HSA contributions is typically …

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A glass jar filled with various coins, featuring a small green plant sprouting from the top, symbolizing growth and financial investment.
PUBLISHED September 7th, 2023

IS YOUR FINANCIAL WELLNESS PROGRAM DUE FOR A CHECKUP?

Doug Prince

With student loan repayments resuming and rents soaring to near record highs it’s little wonder that 9 out of 10 employees report being worried …

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Street view of Washington, D.C. featuring the U.S. Capitol building in the background, with vehicles and bike lanes visible, showcasing urban infrastructure and city life.
PUBLISHED August 25th, 2023

PAY OR PLAY AFFORDABILITY PERCENTAGE WILL DECREASE FOR 2024

Bryan Gross

On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s …

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View of the U.S. Capitol building framed by marble columns, with an American flag in the foreground and lush greenery surrounding the iconic structure.
PUBLISHED August 11th, 2023

HOW EMPLOYERS SHOULD HANDLE MLR REBATES

Bryan Gross

The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value …

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Benefits+
PUBLISHED July 11th, 2023

THE PWFA IS IN FULL SWING: ARE YOU READY?

Bryan Gross

The Pregnancy Workers Fairness Act (PWFA) is now in effect as of June 27. This act focuses on the requirement for employers to provide …

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