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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Risk Management
PUBLISHED November 14th, 2023

CAPTIVES IN FOCUS: ARE THEY RIGHT FOR YOU?

Byron Shultz

Amid a challenging insurance market, companies are on the lookout for creative solutions to bolster their financial resilience. One strategy that continues to gain …

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Benefits+
PUBLISHED November 9th, 2023

2024 HEALTH FSA & QUALIFIED TRANSPORTATION LIMITS

Ann Poland

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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Benefits+
PUBLISHED November 7th, 2023

BEYOND BUZZWORDS: PAY TRANSPARENCY’S ROLE IN TOTAL REWARDS

Eric Garcia

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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Benefits+
PUBLISHED November 3rd, 2023

PCORI FEE AMOUNT ADJUSTED FOR 2024

Ann Poland

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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Benefits+
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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Benefits+
PUBLISHED October 24th, 2023

HELPING EMPLOYEES MANAGE STUDENT LOAN DEBT

Brea Dantin

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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Benefits+
PUBLISHED October 20th, 2023

FINAL FORMS AND INSTRUCTIONS FOR 2023 ACA REPORTING RELEASED

Ann Poland

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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Risk Management
PUBLISHED October 17th, 2023

WINTER WEATHER PREPAREDNESS: PROTECTING YOUR BUSINESS

Mike Janicki

Over the past decade, we’ve witnessed a series of winter weather events that have left a trail of destruction in their wake. In 2021, …

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News and Updates
PUBLISHED October 16th, 2023

THE MJ COMPANIES WELCOMES DANE FIFE AS RISK MANAGEMENT CONSULTANT

The MJ Companies

INDIANAPOLIS (Oct. 16, 2023) – The MJ Companies, a leading risk management and employee benefits agency for more than 50 years, announced today the …

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Benefits+
PUBLISHED October 10th, 2023

GLP-1 DRUG COVERAGE: BALANCING COSTS AND WELLBEING CONCERNS

Breanna Evans

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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Benefits+
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

Ann Poland

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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MJ Foundation
PUBLISHED October 3rd, 2023

PROMOTING ACCEPTANCE THIS NATIONAL DOWN SYNDROME AWARENESS MONTH

Britni Shrout

Differences are defined as a point or way in which people or things are not the same. When we think about differences, we are …

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