Employee Benefits
Gag Clause Attestations Are Due by December 31, 2023
On Feb. 23, 2023, the Departments of Labor, Health and Human Services, and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). These FAQs require health plans…
15 Warning Signs of Workers’ Compensation Fraud
Workers’ compensation insurance is among the “must have” insurance policies for business. More than 94% of American businesses carry workers’ compensation insurance, protecting over 135 million employees. This insurance works well as a no-fault method of paying workers for medical…
President Biden Vetoes Challenge to Department of Labor ESG Rule
Late last year, the U.S. Department of Labor (DOL) finalized a rule allowing plan fiduciaries to consider climate change and other environmental, social, and governance (ESG) factors when they make investment decisions and exercise shareholder rights. Specifically, the rule clarified…
IRS Releases FAQs on Medical Expenses Related to General Health, Nutrition and Wellness
On March 17, 2023, the IRS released a set of frequently asked questions (FAQs) to address whether certain costs related to general health, nutrition, and wellness are medical expenses that can be paid or reimbursed by a health savings account…
Employee Benefit Plan Limits for 2023
Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits: The IRS typically announces the dollar limits that will apply for the…
Campbell Insurance Shares How to Interact with an OSHA Inspector
The best way to avoid paying fines for violating Occupational Health and Safety Administration (OSHA) standards is to always be prepared for an inspection. Since an OSHA officer has no obligation to inform an employer of the inspection ahead of…