Author: RAM Benefits Admin
Building a Financially Healthy Workforce
Financial stress is a silent epidemic plaguing workplaces everywhere. It impacts employees at all levels, leading to decreased productivity, lower morale, and increased absenteeism. But there’s good news: employers hold the key to building a financially healthy workforce. Stress and Financial Well-Being Cultivating your employees’ financial well-being is a necessity in creating a productive and…
Compliance Recap | Feb. 2025
RESULTS OF AGENCY ENFORCEMENT OF MHPAEA INVESTIGATIONS The U.S. Departments of Labor (DOL) and Health and Human Services (HHS) recently released their latest enforcement findings on the Mental Health Parity and Addiction Equity Act (MHPAEA), covering investigations completed during the 2023-2024 fiscal year. Their report sheds light on key areas of noncompliance and emphasizes the government’s ongoing…
New Legislation Updates ACA Reporting Rules
At the close of 2024, Congress passed two new pieces of legislation: the Paperwork Burden Reduction Act and the Employer Reporting Improvement Act. These laws simplify the Affordable Care Act (ACA) reporting requirements for employers and introduce new limits on the IRS’s authority to enforce “pay-or-play” penalties, among other changes. Under the ACA, applicable large…
Beyond Open Enrollment: Engaging Employees with Benefits
Most organizations treat employee benefits like a seasonal event. Open enrollment brings a flurry of activity – emails, seminars, and even benefits fairs. However, communication often dwindles after this initial push, leaving employees confused and underutilizing their valuable benefits. This is a missed opportunity. Research shows that employees crave more benefits education, spending hours researching…
Compliance Recap | January 2025
IRS ISSUES TAX GUIDANCE ON STATE PAID FAMILY AND MEDICAL LEAVE PROGRAMS On January 15, 2025, the Internal Revenue Service (IRS) released Revenue Ruling 2025-4 (providing guidance on the taxation and reporting of contributions and benefits under state paid family and medical leave (SPFML) programs. Key Highlights Employer and Employee Contributions Employee-required SPFML contributions paid by an…
The Heart of the Matter: Your Guide to Cardiovascular Wellness
February is American Heart Month, a time to raise awareness about cardiovascular health and how to keep your heart in top condition. Are you taking steps to protect your heart? You can actively reduce your risk for heart disease by adopting a healthy diet, staying physically active, and managing your cholesterol and blood pressure. Heart…
ACA Reporting Deadlines for 2025: What You Need to Know
For employers subject to the Affordable Care Act (ACA), staying compliant with reporting requirements is non-negotiable. With 2025 due dates just around the corner, now is the time to prepare for distributing Forms 1095-C to employees and filing with the IRS. These forms provide essential information about health coverage offered to employees and are critical…
8 Keys to Building Trust at Work
Trust has always been important to organizational success. Trust can’t be demanded. It must be earned over time and through consistent behavior and actions. Rebuilding trust is even more difficult, but it’s even more critical to your organization’s success because when trust is broken, productivity usually suffers. One of the things we are learning about…
Compliance Recap December 2024
TWO BILLS IMPACTING ACA REPORTING REQUIREMENTS Two recent bills signed into law by President Biden are set to ease the Affordable Care Act (ACA) reporting requirements for employers. The Paperwork Burden Reduction Act and the Employer Reporting Improvement Act introduce significant changes to the way employers handle Forms 1095-B and 1095-C, used to report health…
Your HSA: A Beginner’s Guide
New to a Health Savings Account (HSA)? Here’s What You Need to Know As the name suggests, a Health Savings Account(HSA) is a special savings account used to pay for healthcare-related expenses. An HSA has potential financial benefits for now and later. Not only can you save pre-tax dollars in this account to pay for qualified…