Insights

Many employers recognize the importance of promoting mental health and wellness in the workplace and have increasingly acknowledged the impact of mental well-being on employee productivity and overall job satisfaction. Recently, these benefits have become more accessible to employees through mental health apps, telehealth, and the availability of employee assistance programs (EAPs).

Employers now have a relatively new and increasingly popular option for empowering their workforce to make positive lifestyle choices and take control of their better physical, emotional, and mental health.

On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications.

Massachusetts employers with six or more employees must annually submit a health care coverage reporting form, referred to as the Health Insurance Responsibility Disclosure (HIRD). The HIRD form has been available to be filled out electronically starting Nov. 15, and must be completed by Dec. 15, 2022.

Whether you’re in open enrollment now or gearing up for it, here are some important topics to think through. Time is of the essence, so if you have questions or concerns about your current plan, reach out to Innovo for immediate help.

Download the Employer Health Benefits 2022 Annual Survey. Every year, the Kaiser Family Foundation publishes its annual survey providing details of how employer health insurance has changed year to year.

On the ballot: Massachusetts voters have been asked to decide an important issue on increasing dental insurance loss ratios. Here is how we see the issue.

How will looming HSA/HDHP and MA PFML changes affect your benefits strategy for 2023? See how you can get ahead of upcoming changes to HSA, HDHP and PFML.