MJ Insight

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

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Benefits+ | Compliance

ACA Information Reporting Penalties Increased for Returns Filed in 2025

PUBLISHED April 26th, 2024
Ann Poland

IRS Revenue Procedure 2023-34 includes updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056. The increased amounts apply to 2024 information (…)

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MJ Foundation
PUBLISHED September 19th, 2023

TACT: EMPOWERING THE AUTISM COMMUNITY THROUGH EMPLOYMENT

Britni Shrout

In recent years, the autism spectrum disorder (ASD) diagnoses have been on the rise, with a staggering 1 in 36 individuals diagnosed with autism. …

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Risk Management
PUBLISHED September 14th, 2023

NAVIGATING UNCERTAINTY: MANAGING SUPPLY CHAIN RISKS

Aaron Parker

Lean manufacturing has evolved into a pivotal element of effective supply chain management, empowering businesses to maintain agility and adaptability in response to shifting …

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Benefits+
PUBLISHED September 7th, 2023

IS YOUR FINANCIAL WELLNESS PROGRAM DUE FOR A CHECKUP?

Brea Dantin

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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MJ Foundation
PUBLISHED August 30th, 2023

THE MJ COMPANIES ANNOUNCES 2023-2025 CHARITIES OF CHOICE: EMPOWERING COMMUNITIES FOR POSITIVE CHANGE

Britni Shrout

At MJ, our Purpose is more than insurance solutions; we are committed to inspiring the success, fulfillment and wellbeing of every person we serve, …

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News and Updates
PUBLISHED August 25th, 2023

THE MJ COMPANIES APPOINTS DENVER-BASED PAIGE BEILBY AS DIRECTOR OF ANALYTICS

The MJ Companies

DENVER, August 31, 2023 – The MJ Companies, a leading risk management and employee benefits agency, has announced the hire of Paige Beilby as Director …

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News and Updates
PUBLISHED August 25th, 2023

THE MJ COMPANIES NAMED A 2023 BEST PRACTICES AGENCY

The MJ Companies

INDIANAPOLIS (August 25, 2023) – The MJ Companies, a leading risk management and employee benefits agency for more than 50 years, has been named a …

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Benefits+
PUBLISHED August 25th, 2023

PAY OR PLAY AFFORDABILITY PERCENTAGE WILL DECREASE FOR 2024

Ann Poland

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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Risk Management
PUBLISHED August 23rd, 2023

INSURANCE VALUATION CAUSING YOU HEADACHE? 4 TIPS TO ALLEVIATE THE PAIN

Aaron Parker

When it comes to purchasing or renewing commercial property insurance, ensuring correct property valuations is vital. It can make all the difference in providing …

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MJ Foundation
PUBLISHED August 15th, 2023

ADDRESSING FOOD INSECURITY AFFECTING ARIZONA CHILDREN

Britni Shrout

It’s official. It has reached the point of summer when parents are starting to count down the days until their children return to school. …

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Benefits+
PUBLISHED August 11th, 2023

HOW EMPLOYERS SHOULD HANDLE MLR REBATES

Ann Poland

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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Risk Management
PUBLISHED August 10th, 2023

ECONOMIC PERSPECTIVES: US RESISTS RECESSION DESPITE STICKY INFLATION

Adam Adler

As we barrel closer to 2024, the economic outlook is nothing if not dynamic. While the banking sector grapples with persistent challenges, whispers of …

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Risk Management
PUBLISHED August 3rd, 2023

UNDERSTANDING GROUP CAPTIVES

Adam Adler

In terms of risk management practices, captive insurance is hardly the new kid on the block. Yet, faced with tightening carrier restrictions and ever-increasing …

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