Compliance Recap August 2023 | CA Employee Benefits Advisors

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IRS DECREASES 2024 ACA AFFORDABILITY TO 8.39% The IRS has announced a reduction in the Affordable Care Act (ACA) affordability percentage for plan years starting in 2024, lowering it from 9.12% in 2023 to 8.39%. This affordability percentage determines the maximum portion of an employee’s household income that can be spent on self-only coverage while still complying … Continued

Compliance Recap August 2023 | CA Employee Benefits Team

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IRS DECREASES 2024 ACA AFFORDABILITY TO 8.39% The IRS has announced a reduction in the Affordable Care Act (ACA) affordability percentage for plan years starting in 2024, lowering it from 9.12% in 2023 to 8.39%. This affordability percentage determines the maximum portion of an employee’s household income that can be spent on self-only coverage while still complying … Continued

8 Unique Benefits Employers Are Offering to Attract Talent in Asia-Pacific | California Benefits Advisors

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If the so-called Great Resignation taught us anything, it’s that employees are looking for more than just a salary when it comes to their jobs. Employee benefits have a crucial part in enhancing engagement, attracting new employees, and retaining top talent. Employee benefits refer to any form of compensation that employees receive in addition to their base … Continued

The Return of Student Loans: Ease Your Employee’s Anxiety | San Diego Benefits Team

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In the U.S., the outstanding balance is $1.75 trillion in student loan debt.  Approximately 55% of students from public four-year universities have student loans, with a balance of $37,338 owed per borrower.  Beginning in October, workers nationwide will need to resume payments on their student loans for the first time since March 2020.  The pandemic-related … Continued

Trending Topics: Fertility Benefits | California Employee Benefits

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Did you know that in 2017 the American Medical Association and the World Health Organization recognized infertility as a disease? Approximately 17.5% – roughly one in six couples– are affected by infertility in the U.S. As societal norms and employee expectations continue to evolve, companies are recognizing the importance of offering comprehensive benefits packages that … Continued

Compliance Recap July 2023 | CA Employee Benefits Advisors

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PROPOSED CHANGES TO SHORT-TERM, LIMITED-DURATION INSURANCE On July 7, 2023, the U.S. Department of Health and Human Services (HHS), the Department of Labor (DOL), and the Department of the Treasury proposed changes to modify the definition of short-term, limited-duration insurance (STLDI) and the conditions for fixed indemnity insurance to be considered an excepted benefit. The … Continued

Employee Disengagement – Loud Quitting Has Arrived | San Diego Benefits Consultants

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Gallup recently sounded the alarm on the employee engagement crisis. A survey revealed that nearly 60% of 120,000 of the world’s workers are quiet quitting or not engaging, and 18% are actively disengaged, which Gallup labeled as loud quitting. This is a surprise to the public, but Human Resources professionals saw this coming. In the State of HR survey, … Continued

Financial Safety Nets – Don’t Let Your Employees Slip Through the Cracks! | CA Employee Benefits Team

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In the wake of the Great Depression and WWII, employers started to add benefits packages.  Healthcare had fallen by the wayside for families working to access the basic necessities of life.  The idea was to support the employee’s personal needs while keeping and attracting the best talents in the workforce. This trend of offering benefits … Continued

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