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+ | Compliance

Court Rejects New Notice Requirement for Fixed Indemnity Coverage

On Dec. 4, 2024, the U.S. District Court for the Eastern District of Texas vacated a new notice requirement for fixed indemnity coverage in the group market. This new notice requirement was scheduled to be effective for plan years beginning (…)

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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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Risk Management
PUBLISHED October 29th, 2024

The Rise of Nuclear Verdicts: A Case Study

The MJ Companies

What Is a Nuclear Verdict? Nuclear verdicts refer to exceptionally high jury awards—generally, those exceeding $10 million. Such verdicts have become increasingly common in …

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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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Risk Management
PUBLISHED October 22nd, 2024

Data, Data, and More Data Privacy Requirements:

Carol Scully

In today’s rapidly advancing digital landscape, technology and artificial intelligence (AI) are transforming the way businesses operate. But with these advancements come new challenges—especially …

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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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Risk Management
PUBLISHED October 15th, 2024

Navigating Environmental Risks After Natural Disasters

The MJ Companies

After a natural disaster has passed, the challenges businesses face are often just beginning. Although property damage, injuries and business interruptions directly caused by …

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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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MJ Foundation
PUBLISHED October 8th, 2024

BRINGING JOY TO CHILDREN IN THEIR TOUGHEST BATTLES

Britni Shrout

Imagine sitting in a hospital room, just a day before your child’s fifth birthday, hearing the words that no parent ever wants to hear—a …

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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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MJ Foundation
PUBLISHED September 24th, 2024

There’s More to Their Story

Britni Shrout

The story begins in Ethiopia on July 21, 2006, the day Gabriel Chufamo Deely was born. Shortly after, Gabriel was adopted by the Deely …

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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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