2025 Employee Benefit Limits: What You Need to Know

December 2, 2024
by anchoradmin
Category: BenefitsEmployee Benefits

Tags: Benefit Limits

Many employee benefits are subject to annual dollar limits that are adjusted for inflation. For 2025, most of these limits have increased. Key Benefit Limits for 2025: Health Savings Account (HSA) Contributions Single Coverage: $4,300 (up $150 from 2024) Family Coverage: $8,550 (up $250 from 2024) Catch-up Contributions: $1,000 HDHP Minimum Deductible Single Coverage: $1,650 […]

ER vs Urgent Care: How to Choose the Right Care for Your Medical Needs

November 25, 2024
by anchoradmin
Category: Custom ContentHealth Care

Tags: Emergency RoomUrgent Care

All too often, illness or injury appears out of the blue: You wake up in the middle of the night with intense abdominal pain.  Or your baby spikes a high fever on the weekend. These situations are stressful and it’s hard to think when you’re under stress. But you need to decide where to go […]

Gag Clause Attestation Deadline

November 18, 2024
by anchoradmin
Category: ComplianceEmployee BenefitsHealth Care

Tags: Gag Clause Attestation Deadline

As the year comes to an end, a crucial compliance deadline looms for employers with health plans. Under the Consolidated Appropriations Act (CAA), health plans and insurance issuers must submit a Gag Clause Compliance Attestation by December 31, 2024. Since its enactment in 2020, this regulation prohibits health plans from including gag clauses—provisions that limit […]

Holiday Safety: Tips for a Worry-Free Celebration

November 12, 2024
by anchoradmin
Category: ChurchRisk Management

Tags: Christmas SafetyHoliday Safety

The holiday season is a time for joy and celebration, but it can also be a time for accidents and injuries. To ensure a safe and festive holiday season, be mindful of these common hazards and take the necessary precautions: 1. Fire Hazards: Dry Christmas Trees: Ensure your Christmas tree is well-watered to prevent fires. […]

Navigating Employee Benefits: A Glossary

November 4, 2024
by anchoradmin
Category: Custom ContentEmployee BenefitsHealth Insurance

Tags: Employee Benefits TermsHealthcare

Employee benefits can be a complex landscape, filled with acronyms and unfamiliar terms. In fact, more than 50% of American adults report that they don’t have a clear understanding of their health insurance.  Many people are confused because they reach adulthood without ever learning the basics of health insurance terminology.  Illiteracy about health insurance is […]

Bridging the Generational Divide: Leveraging Technology for Effective Communication

October 28, 2024
by anchoradmin
Category: Custom ContentEmployee EngagementHR

Tags: Employee CommunicationMultigenerational Workforce

In today’s diverse workplaces, effective communication across generations is essential for fostering collaboration, productivity, and a positive work environment. Understanding the unique communication preferences of each generation can help bridge the gap and create a more inclusive and harmonious workplace. Technology can play a crucial role in bridging the generational gap and facilitating seamless communication. […]

The Pay or Play Percentage Increase for 2025

October 18, 2024
by anchoradmin
Category: Affordable Care ActCompliance

Tags: ACAPay or Play Tax

The Affordable Care Act (ACA) requires large employers to offer affordable health insurance coverage to their full-time employees or face a penalty known as the “Pay or Play” tax. This tax is based on the employer’s average monthly wage (AMW) and the number of full-time employees.  The affordability rate for employer-sponsored health coverage will increase from 8.39% to […]

Routine Maintenance Reduces Risk and Losses: Hazards Around Your Property

October 14, 2024
by anchoradmin
Category: ChurchMaintenanceNonprofit

Tags: HazardsMaintenance

We know that when you think of doing ministry, you’re probably not envisioning inspecting your roof, replacing filters, and making sure gutters are clear. But each of these tasks is part of keeping your building and grounds in order. A church that is taken care of can better serve its congregation the community. The last […]

Benefits 101: What Is a FSA?

October 7, 2024
by anchoradmin
Category: Custom ContentEmployee Benefits

Tags: Flexible Spending AccountFSAMedical Expense Account

When it comes to health insurance, there is a lot of jargon and plenty of acronyms. Many people have heard of FSAs, but may not actually know — what is a flexible spending account, exactly? If you have an employer-sponsored health plan, a flexible spending account (FSA) is often available as part of the benefits […]

Benefits Breakdown October 2024

October 1, 2024
by anchoradmin
Category: BenefitsEmployee Benefits

Tags: Doula BenefitsHealth Care Costs

Employers Project 8% Increase in Health Care Costs in 2025 A recent survey of employers by the International Foundation of Employee Benefit Plans (IFEBP) revealed that U.S. employers estimate a median 8% increase in health care costs for 2025. Catastrophic health claims and rising specialty prescription drug prices are driving the projected increase. According to […]

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