by NYBEST | Jan 8, 2024 | News
Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024. For the 2023 calendar year, covered employers must: Furnish statements to individuals... by NYBEST | Jan 2, 2024 | News
There’s no denying that employees’ needs have changed over the past few years. As such, employers can offer benefits to meet evolving worker needs shaped by lingering effects of the COVID-19 pandemic, a tight labor market and rising inflation. Many workers... by NYBEST | Dec 18, 2023 | News
Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefits trends. This document summarizes the main points of the 2023 Employer Health Benefits Survey. Health Insurance Premiums In 2023, the average premiums for... by NYBEST | Dec 11, 2023 | News
Many employee benefits are subject to annual dollar limits that are updated for inflation before the beginning of each calendar year. Most of these annual dollar limits will increase in 2024. Note that some benefit limits are not adjusted for inflation, such as the... by NYBEST | Dec 4, 2023 | News
The Centers for Disease Control and Prevention (CDC) reports that over 37 million American adults have diabetes, and 1 in 5 don’t know they have it. Diabetes is a chronic disease that affects how your body turns food into energy. Your food is broken down into sugar...