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... by NYBEST | Nov 28, 2023 | News
The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: 2023 Forms 1094-B and 1095-B (and instructions) will be used by providers of minimum essential coverage, including... by NYBEST | Nov 21, 2023 | News
Health FSA Limit Increases for 2024 On Nov. 9, 2023, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23-34), which includes the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan...