IRS Announces 2025 Limits Increases

Payroll Services

Last week, the IRS announced its cost of living adjustments for the dollar limitations on qualified HDHPs and health savings accounts for the 2025 tax year. Qualified High Deductible Health Plan Increases 2024 2025 Minimum Deductible $1,600 single$3,200 family $1,650 single$3,300 family Maximum Out-of-Pocket Limit $8,050 single$16,100 family $8,300 single$16,600 family Qualified HDHP increases from […]

Yearend Checklist for HR, Payroll, and Benefits

Year End Checklist

A year-end checklist for HR, payroll, and benefits is essential to ensure that all necessary tasks are completed before the start of the new year. This checklist can help streamline the year-end process and ensure compliance with tax and regulatory requirements. HR Checklist: Payroll Checklist: Benefits Checklist: Remember that this checklist serves as a general […]

Managing Employee Leaves of Absence

Managerial Leave

Managing leaves of absence effectively is challenging. In this blog, we’ll explore the strategies and best practices that HR professionals can employ to navigate this complex terrain with success. The Importance of Effective Leave Management Leave management is not just about compliance with labor laws; it’s about supporting your employees and maintaining productivity within your […]

Get Ready for the New I-9 Form

i-9 Form Understanding

The deadline to begin using the revised Form I-9, officially known as the Employment Eligibility Verification Form, is November 1. Why the Change? The U.S. Citizenship and Immigration Services (USCIS) regularly updates the Form I-9 to ensure that it reflects current requirements and remains a reliable tool for verifying the identity and employment eligibility of […]

Understanding Reference-Based Pricing: A Game-Changer in Healthcare

Understanding References Article

It is hard to believe that Reference-Based Pricing (RBP) has been around for 15 years. We’ve watched it evolve, and the product is mature. In this post, we’ll explore the concept of Reference-Based Pricing, what it is, and how it changes the way we approach healthcare costs. What is Reference-Based Pricing? Reference-Based Pricing gets its […]

NY Paid Family Leave Rate for 2024

IRS Announces Changes to Retirement Plans

On Wednesday, August 30, 2023, the New York Department of Financial Services (DFS) announced the Paid Family Leave (PFL) rate and maximum PFL employee contribution for the coming year. In 2024, New York DFS has decided to decrease the contribution rates and the maximum employee contributions for PFL. Year Maximum Contribution Rate Annualized Wage Cap […]

2024 New Jersey Temporary Disability Benefits (NJ TDB) Updates

Payroll Services

The State of New Jersey announced the 2024 NJ TDB weekly benefit rate, Employer Taxable Wage Base and Worker Taxable Wage Base listed below: 2023 2024 Maximum TBD Weekly Benefit $1,025 $1,055 Employer Taxable Wage Base $41,100 $42,300 Employee Taxable Wage Base $156,800 $161,400 2023 and 2024 benefit and taxable wage bases for NJ TDB. […]

Overcoming the Impact of Obamacare Webinar

Stethoscope on wooden table with HSA letter blocks

Overcoming Obamacare Discover how the Affordable Care Act changed the benefits game and what you need to do to help your business recover in this webinar from the experts at Eli Advisors. Fill out the form below to receive a direct link to this valuable webinar.

Controlling Benefits Costs

Calculator and notepad on top of money

Since the passage of the Affordable Care Act (ACA), medical insurance has seen a steep rise in cost and a decline in benefits. With the changes in the market, employers have struggled to offer the benefits needed to attract and retain top talent. Moreover, these impacts have disproportionately affected small and mid-sized employers. Read on […]