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

PCORI Fees Due July 31, 2025

The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720, the Quarterly Federal Excise Tax Return. Form (…)

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Benefits+
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

DeAnn Deck

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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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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Benefits+
PUBLISHED August 25th, 2023

PAY OR PLAY AFFORDABILITY PERCENTAGE WILL DECREASE FOR 2024

DeAnn Deck

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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Benefits+
PUBLISHED August 11th, 2023

HOW EMPLOYERS SHOULD HANDLE MLR REBATES

DeAnn Deck

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?

DeAnn Deck

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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Benefits+
PUBLISHED July 9th, 2023

DOL ISSUES OPINION LETTER ABOUT HOLIDAYS DURING FMLA LEAVE

DeAnn Deck

On May 30, 2023, the Wage and Hour Division (WHD) of the U.S. Department of Labor issued Opinion Letter FMLA2023-2-A: “Whether Holidays Count Against …

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Benefits+
PUBLISHED June 23rd, 2023

UNDERSTANDING RAGE APPLYING: CAUSES AND SOLUTIONS

Angelica Audiss

In fast-paced work environments today, employees are often pushed to perform their best. However, this pressure and frustration can sometimes become overwhelming, leading to …

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Benefits+
PUBLISHED June 22nd, 2023

IS YOUR EMPLOYEE VALUE PROPOSITION GETTING DUSTY?

The MJ Companies

There are no two ways about it – the labor market is competitive. Attracting and retaining top talent is often a central challenge for …

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Benefits+
PUBLISHED June 16th, 2023

HSA CONTRIBUTIONS FOR ADULT CHILDREN ON PARENTS’ HEALTH COVERAGE

DeAnn Deck

Adult children who are covered under their parents’ high deductible health plans (HDHPs) may be eligible to establish their own health savings accounts (HSAs) …

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Benefits+
PUBLISHED June 1st, 2023

FAMILY GLITCH: UNDERSTANDING THE FIX

Bryan Gross

A new hurdle has emerged among the numerous challenges families face today—the family glitch. This glitch refers to the inequities associated with the affordability …

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Benefits+
PUBLISHED May 3rd, 2023

THE ROI OF EMPLOYEE WELLBEING: BIG BUSINESS BENEFITS

Courtney Hutchison

In today’s uncertain and unprecedented times, our mental health is understandably suffering, which can negatively affect our performance, especially at work. Although efforts have …

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Benefits+
PUBLISHED April 5th, 2023

CELEBRATING NATIONAL EMPLOYEE BENEFITS DAY!

Andy Vetor

HOW HR CAN LEVERAGE TOTAL COMPENSATION AND RETIREMENT BENEFITS TO ATTRACT AND RETAIN TOP TALENT National Employee Benefits Day is a time for organizations …

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