Attracting and retaining top talent remains a critical challenge for companies navigating an ever-evolving labor market landscape. In 2024, the need for agility and strategic foresight will only intensify. Balancing rising healthcare costs and inflation with employee needs and value expectations demands innovative solutions.
The Internal Revenue Service has established increased limits in 2024 for health savings accounts and employee benefits plans, and for benefits professionals, it’s important to prepare for these changes as we enter a new year. These increased limits present more opportunities for employees to maximize their healthcare savings in 2024.
Earlier this year, the IRS announced 2024 employer mandate penalties that apply to all employers with 50 or more employees — otherwise known as applicable large employers (ALE). If you’re a human resources professional at an ALE, it is essential for you to understand these penalties and how they could impact your workplace.
Innovo Benefits Group Founder and President Eric Gulko has been appointed for a second term on the board of directors for the Massachusetts Health Connector by Governor Maura Healy. He will serve a new three-year term on the 11-member board, chaired by Secretary of the Executive Office of Health and Human Services Kate Walsh, through June 30, 2026.
Innovo Benefits Group is a proud supporter of Amani, and our team has been inspired by Amani's commitment to providing these children with the opportunity for a brighter future. To that end, Innovo has pledged a three-year commitment to support the sustainability of Amani Kids’ mission. This long-term commitment allows Amani to plan and execute their projects more effectively, knowing they have a reliable partner in Innovo Benefits Group. After just one year of support, Innovo’s partnership with Amani has yielded some remarkable results.
A ballot question in Massachusetts during the 2022 election asked voters whether to require at least 83 percent of dental insurance premiums to be spent on patient care. Voters overwhelmingly supported this new law — causing at least one insurer to leave the state’s dental insurance marketplace.
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).