News

On March 6, 2026, the U.S. Department of the Treasury and the IRS issued proposed rules regarding the $1,000 pilot program for Trump Accounts. Created by the One Big Beautiful Bill Act (OBBBA), Trump Accounts are a new type of tax-favored savings account for children under the age of 18 that will be available later…

On July 4, 2025, a sweeping tax and spending bill, commonly referred to as the “One Big Beautiful Bill Act” (OBBBA), was signed  into law. Although significantly pared down from its original draft version, the OBBBA includes a broad set of changes for  employee benefit plans, most of which take effect in 2026. These changes…

On Jan. 15, the White House rolled out a health care plan as a broad framework to help Congress craft legislation to address health care cost challenges. The plan aims to lower prescription drug prices, reduce insurance premiums and redirect federal subsidies directly to Americans. “We’re calling it the Great Health Care Plan. Instead of…

The start of a new year is the perfect time to make sure you’re ready to get the most out of your benefits. Whether you made adjustments during open enrollment or retained your existing coverage, taking a few proactive steps now can help you avoid surprises, reduce costs and maximize the value of your benefits…

On Dec. 19, 2025, the U.S. Departments of Labor, Health and Human Services, and the Treasury (Departments) released a proposed rule to improve price transparency disclosure requirements for non-grandfathered group health plans and health insurance issuers. According to the Departments, the proposed rule would build on their final transparency rule from 2020, consistent with President…

Health care costs in the United States continue to climb, placing increasing pressure on employers and employees alike. Organizations that offer health benefits are challenged with managing escalating expenses while maintaining transparency and trust with their workforce. Transparent and empathetic communication is essential to help employees understand and navigate rising health care costs. Consider these…

Many employee benefits are subject to annual dollar limits that are updated for inflation before the beginning of each calendar year. Note that some benefit limits are not adjusted for inflation, such as the catch-up contribution limit for health savings accounts (HSAs). Although the contribution limit for dependent care flexible spending accounts (FSAs) is not…

The IRS has released Notice 2025-67, containing cost-of-living adjustments for 2026 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts (IRAs).  Key Changes for 2026  The employee contribution limit for 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025, and the employee contribution limit for IRAs in…

On Oct. 9, 2025, the IRS released Revenue Procedure 2025-32 (Rev. Proc. 25-32), which includes the 2026 inflation-adjusted limit on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2026, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs increases to $3,400. This is a $100 increase…

Nearly 1 in 4 American adults provide unpaid care to family, friends or loved ones with special needs. Research by AARP and the National Alliance for Caregiving found that the number of family caregivers jumped from 59 million in 2015 to 63 million in 2025. Of the current figure, almost one-third are part of the…