On November 1, 2024, the Internal Revenue Service (IRS) announced in IRS Notice 2024-80 cost-of-living adjustments to the applicable dollar limits for retirement plans for 2025. CLICK HERE for a table comparison on the applicable dollar limits for retirement plans for 2025 and 2024. Check out our other blog articles HERE.
IRS Announces Health Care FSA, Commuter and Adoption Assistance Benefit Limits for 2025
The Internal Revenue Service (IRS) released Revenue Procedure 2024-40 on October 22, 2024, outlining cost-of-living adjustments for health care flexible spending accounts (FSA), commuter, and adoption assistance program benefits for the 2025 taxable year. Click HERE for everything you need to know. Check out our other blog articles HERE.
Understanding Health Insurance: Key Terms You Need to Know
Navigating health insurance can feel overwhelming, especially during open enrollment season when it’s time to review or select your coverage for the year. With many health insurance terms and jargon to sift through, understanding key concepts is essential for making informed decisions about your plan. Whether you’re choosing a new plan, reviewing your benefits, or […]
Gehring Group Wins Prestigious ATHENA Award for Organizational Leadership
We are humbled and thrilled to announce that Gehring Group, a Risk Strategies Company, has been honored with the 2024 ATHENA Award for Organizational Leadership by the Chamber of Commerce of the Palm Beaches. This award recognizes organizations that empower women to reach their leadership goals and actively support the development of future female leaders […]
IRS Announces ACA Affordability Rates for 2025
The Internal Revenue Service (IRS) released Rev Proc. 2024-35 on September 6, 2024, announcing the Affordable Care Act (ACA) affordability percentage threshold for plan years beginning January 1, 2025. This percentage is adjusted annually for inflation and will be set at 9.02% for plan years beginning January 1, 2025. This change is an increase from the 2024 standard of […]
Back to School: A Guide to Employee Benefits for Working Parents
As the back-to-school season approaches, many working parents find themselves juggling the demands of their careers with the needs of their children. This time of year can be particularly challenging as parents navigate new schedules, school activities, and the added pressures of supporting their children academically and emotionally. Fortunately, employee benefits can play a crucial […]