6 Key Employee Benefits Trends for 2023

Over the last few years, almost every aspect of the workplace has changed, leading to many unforeseen challenges. Unfortunately, many of the challenges that plagued workplaces in 2022 will likely continue in 2023 and beyond. Understanding this year’s key employee benefits trends can help employers assess whether their offerings meet employee demands and needs so that they can attract and retain talent. This article discusses six key employee benefits trends for 2023.

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New Laws Expand Pregnancy and Nursing Accommodations

Two new laws that were included in the federal omnibus spending bill, enacted on Dec. 29, 2022, will expand workplace rights for employees affected by pregnancy, childbirth or related conditions starting in 2023. This Legal Update provides more information about the Providing Urgent Maternal Protections (PUMP) for Nursing Mothers Act and the Pregnant Workers Fairness Act (PWFA).

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How HR Can Help Organizations Become Recession-proof

There’s growing anxiety that the U.S. economy is heading into a recession. Due to HR professionals’ unique and strategically important positions, these teams can greatly impact whether organizations can withstand a recession. Although a recession cannot be prevented, HR departments can use the strategies outlined in this HR Insights article to help employers prepare for and minimize the impact of a recession on their organizations.

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Benefits and Me

What Happens If You Miss Open Enrollment? If you miss your open enrollment deadline, you could lose coverage and be unable to make benefits changes or enroll until the next

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Congress Extends Pre-Deductible Telehealth Coverage for HDHPs

A new federal spending law extends the ability of HDHPs to provide benefits for telehealth or other remote care services before plan deductibles have been met without jeopardizing HSA eligibility. This relief applies for plan years beginning in 2023 and 2024. This Legal Update provides an overview of the extension.

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Submission Grace Period Issued for Prescription Drug Reporting

On Dec. 23, 2022, federal agencies released an FAQ stating that they will not initiate enforcement action against any plan or issuer that makes a good faith effort to submit their prescription drug data by Jan. 31, 2023. This Legal Update explains further.

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Engaging Employees With an Organizational Mission

Organizations thrive through a sense of belonging and shared purpose. This article explores opportunities for employers to engage and unite their employees in both on-site and distributed workplaces.

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CMS Releases Cost-sharing Limits for 2024 Plan Years

For plan years beginning in 2024, the ACA's cost-sharing limits for Employee Health Benefits are $9,450 for self - only coverage and $18,900 for family coverage.

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Legal Update

The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual statements. This Legal Update summarizes this development.

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The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual statements. This Legal Update summarizes this development.

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