Compliance Tracker – August
No Key Compliance Deadlines for August
Employers with calendar-year plans should start preparing for open enrollment for the plan year starting Jan. 1, 2025. This process should include reviewing your company’s benefit offerings, working with vendors to make any benefit adjustments, updating benefit limits and contribution amounts for 2025, and preparing employee communications.
Compliance Overview – Spousal Incentive HRAs
Spousal incentive health reimbursement arrangements (HRAs) are a type of tax-advantaged medical reimbursement account that employers use as a cost-savings strategy. A spousal incentive HRA works like a traditional HRA in many respects, but it is only available to employees who enroll in health coverage through a spouse’s employer. By reimbursing employees on a tax-free basis for their eligible out-of-pocket expenses under a spouse’s health plan, this type of HRA incentivizes employees to enroll in health coverage through their spouse’s employer instead of their own employer.
Think Well, Be Well: Navigating Social Anxiety in Summer
Summer is a time for sunshine, outdoor activities and social gatherings, with ample opportunities to unwind and connect withothers. However, for those experiencing social anxiety, these gatherings can be intimidating.
An AnxietyCentre.com poll found that nearly three-quarters (73%) of people experience increased anxiety symptoms during the summer. Experts attribute this rise to various factors, including heightened social expectations and seasonal changes.
Legal Update: Pennsylvania Federal District Court Declines to Block FTC Noncompete Ban
On July 23, 2024, the U.S. District Court for the Eastern District of Pennsylvania denied
the plaintiff’s motion in ATS Tree Services LLC v. FTC for a preliminary injunction to block the Federal Trade Commission’s (FTC) noncompete ban. This ruling differs from an early July holding in a similar case in the Northern District of Texas (Ryan LLC v. FTC) that partially blocked the ban with respect to the plaintiffs in that case, but not nationwide. In each case, the ban is still scheduled to take effect for most employers on Sept. 4, 2024.
News Brief: Report Finds Majority of Employees Prefer to Stay in Current Job
A new survey by Willis Towers Watson (WTW) found that 72% of employees are choosing to stay with their employers. This is in contrast to recent periods when the majority of workers were looking for new jobs, such as during the “Great Reshuffle” in 2022. WTW’s 2024 survey collected information from 10,000 U.S. employees working at medium and large private-sector companies.
“The war for talent is no longer just about pay; benefits matter, and the ability to choose those benefits is important for adapting to employees’ changing needs.”
-Cecile Chang, global growth leader of House & Benefits, WTW
Client and Employee Resources
The more your employees understand your benefit plans the more they become educated, empowered consumers. The programs you provide will also gain an enhanced value.
As your strategic partners in employee benefits, we can provide multiple avenues of ongoing support, including:
- Employee Meetings (English and Spanish)
- Webcasts
- Payroll Stuffers
- Poster Campaigns
- Newsletters
Carrier Directories
E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. Click the image below to begin.
