SSG Insights | Week of November 18th, 2022
Communicating Change: A Way of Life
Change and transformations are more successful when approached as an ongoing process versus a moment in time. Employers can use these four communication practices to lead change management efforts.
Cafeteria Plans: Change in Status Events and Permissible Employee Election Changes
Cafeteria plans are governed by IRS Code Section 125 and allow employers to help employees pay for expenses such as health insurance with pretax dollars. Employees can choose between a taxable benefit (such as cash) and two or more specified pretax qualified benefits (health insurance, for example). Employees can select the benefits they want, much like an individual standing in a cafeteria line.
PCORI Fee Amount Adjusted for 2023
On Nov. 14, 2022, the IRS published Notice 2022-59, which provides the adjusted PCORI fee amount for plan years ending on or after Oct. 1, 2022 and before Oct. 1, 2023. Employers with self-insured health plans must pay the PCORI fee by July 31, 2023. This Legal Update provides an overview of the updated PCORI fee.
Prev
