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Author: LR Webber
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Are Your Healthcare Benefits Contributing to the Labor Shortage? | Pennsylvania Benefits Consultants
Employee benefits are a major bargaining chip for companies looking to attract talent. The problem is healthcare costs are skyrocketing, and it’s difficult for employers to offer the same level of coverage. Higher costs are either resulting in less coverage or smaller wages for employees. Find out what’s happening with healthcare and recruitment, and get…
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IRS Announces 2022 Retirement Plan Contribution Limits | Pennsylvania Benefits Agency
On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022. Many pension plan limits will change next year because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other items, however, will not…
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How Health Insurance Can Win the War for Talent | PA Employee Benefits Agents
The COVID-19 pandemic shined a spotlight on the importance of employer-provided health benefits. Not only have employees been requesting an expansion of their benefits for months, but report after report has indicated that comprehensive plans that also cover mental health or include paid parental leave, for example, are the key to getting people back to…
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IRS Announces 2022 Limits for Health FSAs and Transit Benefits | PA Employee Benefits Advisors
Today, the Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,850 for plan years beginning in 2022, up from the 2021 limit of $2,750. For HFSAs that include a carryover provision, up to $570…
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Tips for Managing the Holiday Blues | PA Benefits Team
“Children laughing, people passing, meeting smile after smile” stirs happy memories of singing Christmas carols for some, but for others, the holidays can be the most stressful and loneliest time of the year. The holidays often present a dizzying array of demands – shopping, baking, and entertaining to name a few. For those dealing with…
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Biden-Harris Administration Issues Third Rule To Implement No Surprises Act | Pennsylvania Benefits Partners
WASHINGTON – The Biden-Harris administration – through the departments of Labor, Health and Human Services, Treasury and the Office of Personnel Management – today issued an interim final rule with comment period to continue implementation of the No Surprises Act, a consumer protection law that helps curb the practice known as “surprise billing” for medical care. The…
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Understanding Alzheimer’s Disease | PA Employee Benefits Firm
Many of us have heard of Alzheimer’s disease but may not know much more than it is a disease that causes memory loss. Experts suggest that more than 6 million Americans, most of them age 65 or older, may have dementia caused by Alzheimer’s. This disease is currently ranked as the sixth leading cause of death in…
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The Root Cause of the Great Resignation Is Not What You Think | Pennsylvania Benefits Partners
Theories abound about why workers are leaving their jobs in record numbers in 2021 and thus creating what pundits are calling the Great Resignation. The U.S. Bureau of Labor Statistics reported that 4.3 million Americans quit their jobs in August. These resignations continue to be higher in food service, retail, and education. One popular opinion…
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Four Misunderstood Terms in the Americans with Disabilities Act | PA Employee Benefits Group
The Americans with Disabilities Act (ADA) applies to employers with 15 or more employees. Despite its broad coverage, there’s a lot of confusion about what the law requires and what its terms entail. A big reason for this confusion is the language of the law itself; the ADA speaks of nebulous concepts like undue hardship…
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10 Surprising Things You Can Buy With Your Leftover FSA Money | PA Benefits Advisors
The end of the year is drawing near which may mean you have some extra money to spend. No, you didn’t read that wrong. Many Americans have money in their Flexible Savings Accounts (FSAs) that they need to use up before the end of the year. FSAs provide the benefit of putting pre-tax money aside…
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