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Health & Welfare Plans Newsletter

November 13, 2023

4 New Job Opportunities 4 New Job Opportunities

 

[Guidance Overview]

2024 Health FSA, Other Health and Fringe Benefit Limits Now Set

"[A] table shows the 2024 adjusted amounts for health FSAs, QSEHRAs and qualified LTC policies, along with the limits for 2023 and 2022.... [A second] table shows the 2024 adjusted figures for qualified transportation fringe and adoption assistance benefits ... along with amounts for 2023 and 2022."  MORE >>

Mercer

[Guidance Overview]

Employers with Chicago-Based Employees Face Significant New Mandatory Paid Leave Requirements Effective January 1

"A Covered Employee ... is any employee who, in a two-week period, works at least two hours for an employer while physically present in the geographic boundaries of the city.... The ordinance added a leave category and increased the total time for both forms of leave.... There are increased notice obligations that did not previously exist.... [E]mployers with unlimited vacation policies must still comply with the reasonable notice requirements, lack of pre-approval, and even payout requirements."  MORE >>

Hinshaw & Culbertson LLP

[Guidance Overview]

Changes to Chicago's Paid Leave Ordinance Create Challenges for Employers

"The new law alters the existing city sick leave requirement creating two separate categories for required paid time off -- five general paid leave days and five paid sick leave days.... [T]he varying types of leave will have different rules for initial eligibility, minimum usage, rollover and payout upon termination."  MORE >>

Quarles & Brady LLP

[Guidance Overview]

Minnesota Publishes Sample Earned Sick and Safe Time Employee Notice

"Covered employers' ESST notice obligations, as well as general compliance with the law, begin on January 1, 2024. Employers can use the sample notice to satisfy the ESST law's notice requirements.... The sample notice contains several areas that must be proactively completed by the employer."  MORE >>

Seyfarth Shaw LLP

Advising Employers on How to Differentiate to Attract and Retain Talent

"[1] Take a strategic approach to maximizing benefits spend ... [2] Set measurable objectives ... [3] Communication is key ... [4] Publicize benefits programs ... [5] Suggest voluntary benefits ... [6] Understand the population."  MORE >>

Benefitfocus

Health Insurance Is About to Boost U.S. Inflation Rate

"A change in how the government estimates health insurance costs is expected to give a slight boost to a popular US inflation measure, reversing a trend that had been providing some relief in recent months.... In addition to a routine change in source data, the new methodology will aim to smooth some of the volatility and reduce time lags in the index."  MORE >>

Financial Post

[Opinion]

Why It's So Tough to Reduce Unnecessary Medical Care

"[A] new analysis shows that the number of tests and treatments conducted for which the risks and costs exceed the benefits has barely budged despite a decade-long attempt to tamp down on such care.... [T]he structure of the U.S. health system, which rewards doctors for providing more care rather than the right care, has made it difficult to stop such waste.  ... And when patients are told by physicians or health plans that tests or treatments aren't needed, they often question whether they are being denied care."  MORE >>

KFF Health News

[Opinion]

Employee Benefits: Never Forget Why You Provide Them

"It is important that, in the new ACA environment, we always keep in mind that benefits are so much more than a formula driven, fine avoidance mechanism. To the contrary, an employee benefits package has the ability to impact the lives of employees, in many ways more than a paycheck on its own ever could."  MORE >>

Cobb Business Journal

Employee Benefits Jobs

View job as Retirement Plan Consultant - Combo Plans
            for Definiti

Retirement Plan Consultant - Combo Plans

Definiti

Remote

View job as Retirement Plan Consultant - Combo Plans for Definiti

View job as Jr. Account Manager
            for 401KInABox

Jr. Account Manager

401KInABox

Remote

View job as Jr. Account Manager for 401KInABox

View job as 401(k) Administrator
            for Blue Ridge ESOP Associates

401(k) Administrator

Blue Ridge ESOP Associates

Remote

View job as 401(k) Administrator for Blue Ridge ESOP Associates

View job as Sr. Manager/Director - Qualified Plan Administration & Consulting
            for Clark Schaefer Hackett

Sr. Manager/Director - Qualified Plan Administration & Consulting

Clark Schaefer Hackett

Remote / IN / KY / MI / OH

View job as Sr. Manager/Director - Qualified Plan Administration & Consulting for Clark Schaefer Hackett

Last Issue's Most Popular Items

2024 Quick Benefit Facts (PDF)

Mercer

IRS Announces Benefit Plan Limits for 2024 (PDF)

Lockton

Is a Tobacco Surcharge a 'Wellness Program'?

Willis Towers Watson

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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.

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