The
Partnership Press
March 2025
Tip of the Month
Data To Set Up Clients for Success after Strategy Meetings
By now, you may be wrapping up strategy meetings or debriefs from last AE with your clients. They’ve given you their top concerns, goals, and opportunities for their organization and employees. Now what?
Take the lessons from last year, combined with the fresh insights from our newly released 2025 Benefits Insights Report, to chart a clear path forward. This data offers valuable guidance on how to balance rising healthcare costs while enhancing employee satisfaction and engagement through your clients’ benefit programs—insights that are sure to set up success for their next AE, and beyond.
Regulatory Roundup: Compliance Updates You Should Know
IRS issues revenue ruling guidance regarding state paid family leave
The IRS has issued guidance surrounding the increasing number of states with Paid Family Leave programs. This guidance has addressed how programs should handle paying these benefits from a tax treatment perspective, and affects payments made on or after January 1, 2025—treating 2025 as a transition year.
Review the complete revenue ruling guidance.
The Depts. Of Labor, HHS, and Treasury issued FAQs re: No Surprises Act and Gag Clause Prohibition
The Departments of Labor, Health and Human Services and Treasury (the Departments) have jointly issued new Frequently Asked Questions (FAQs) regarding implementation of certain provisions of the No Surprises Act. This includes guidance related to the Gag Clause Prohibition of the Consolidated Appropriations Act, 2021 (the CAA).
Deadline approaches for Medicare Part D Creditable/Non-Creditable Coverage reporting
Group Health Plans with a calendar-year based plan year that provide Prescription Drug coverage have until March 2, 2025, to report their Creditable/Non-Creditable disclosures to CMS (Centers for Medicare & Medicaid Services).
This reporting, due annually, is reported online via the CMS portal, and is to be completed:
- No later than 60 days from the beginning of a plan year (contract year, renewal year).
- Within 30 days after termination of a prescription drug plan.
- Within 30 days after any change in creditable coverage status.
Review the CMS site for reporting details and more.
Are your clients ready to meet these compliance deadlines?
Keeping your clients up to date with compliance deadlines can seem overwhelming, but not with the help of our Total Risk Checklist! We’ve compiled all the important quarterly compliance deadlines for you to help you keep your clients compliant and avoid fines along the way.
ACA reporting: Looking ahead to 2025
As the IRS develops detailed requirements and guidance, we will update our processes to reflect these changes in time for the 2025 reporting period. Businessolver remains committed to compliance and providing timely updates to support our clients in navigating evolving federal and state reporting obligations.
New and Noteworthy: Your Monthly Industry Update
Majority of workers stressed by benefit choices: AI as a solution in 2025
With the majority of employees confused about benefits, AI is revolutionizing the enrollment process by simplifying complex options, breaking language barriers, enhancing accessibility, personalizing recommendations, and resolving queries efficiently. This empowers workers to make informed decisions, reducing stress and miscomprehension while improving overall satisfaction with workplace benefits.
$1M in HSA is a rosy projection but smaller savings still pay off
While most clients won't reach $1 million in their HSAs by retirement, advisers can highlight HSAs' tax advantages and potential for covering significant healthcare costs. By encouraging strategic contributions, investments, and long-term growth, advisors can help clients better prepare for retirement medical expenses.
Workplace emergency savings programs show clear ROI for employers
Workplace emergency savings accounts (ESAs) are gaining popularity and offering high ROI for employers. With features like payroll deductions and incentives, ESAs boost adoption, improve employee financial security, enhance job performance, and reduce retirement plan withdrawals. This benefits both employees' financial wellness and employers' retention and retirement cost management.
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