InterWest Insurance Services
MARCH 7, 2024
If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.
InterWest Insurance Services
DECEMBER 7, 2023
Also, employees will be able to carry over up to $640 next year into 2025 if they have funds left over in their account, if their employer allows it (it’s optional). Anything above the limit at the end of the year is forfeited back to the employer. Employees are not taxed on withdrawals from their account.
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Employee Benefits
FEBRUARY 5, 2024
An employment tribunal has found that a former AstraZeneca scientist with a mental health disability was wrongfully dismissed. James Muir, a senior scientist who had been developing the pharmaceutical firm’s recently approved cancer drug Truqap, had worked there since 1998.
InterWest Insurance Services
JUNE 22, 2022
A new study has found that many people in employer-sponsored health plans are enrolling in plans that are costing them more than they ought to be paying. Berkeley economics professor, found that the majority of employees at one company he studied were in the highest-premium, lowest-deductible plan ($250 a year) their employer offered.
Workplace Insight
DECEMBER 14, 2023
It is striking how weighted Ireland’s export figures are to the life sciences, medical and pharmaceutical industries craved by the UK Just how significant is apparent when comparing the UK with Ireland. We are at something of a tipping point if we don’t make the right decisions now,” said Emma Walmsley. “We
HR Digest
FEBRUARY 1, 2022
The only caveat is that you must be able to pass pre-employment tests such as the Standardized Test of Adult Basic Education Skills (STABLE), written by the Occupational Information Network. Employer Profiles . As of 2016, the IRS has approved 13 licenses that qualify individuals for employment in human resources. Final Words .
AssuredPartners
AUGUST 15, 2022
More than 10 million Americans were projected to lose part or all of their premium tax credits, resulting in a potential loss coverage for 3 million insureds. While the passage of this extension does not directly impact employer-provided group health insurance, it will certainly have indirect impacts.
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