Across the country, many HR departments are seeing an increase in employment status changes. From employees resigning during the Great Resignation, to employees entering retirement, benefit departments are trying to manage these status changes and remain in compliance with IRS rules. To help keep track of the status changes that require a COBRA Qualifying…
On April 29, 2022, the IRS released the inflation-adjusted amounts for Health Savings Accounts for 2023. Among the changes are increases to the minimum High Deductible Health Plan (HDHP) amounts for single coverage ($1,500) and family coverage ($3,000). Below are the updated HSA limits for 2023, effective January 1, 2023. HSA Overview A Health…
What does Open Enrollment look like for a company who administers benefits for other employers? What are the secrets to success? *Hint: there’s never a replacement for hard work.* But, there are ways that you can work more efficiently. As we enter another Open Enrollment period, P&A’s team focuses on an approach that helps…
The National Emergency, first declared by President Trump in March 2020 in response to the COVID-19 pandemic, was formally extended a second time by President Biden on February 18, 2022. The National Emergency impacts health benefit plans, and allows certain plan deadlines to have a one-year tolling period. Per prior guidance from the…
P&A Group offers online tools to help you manage your company’s benefits from anywhere. Designed for HR and accounting professionals, P&A’s secure web portal, HR Connect, houses a variety of detailed census, premium remittance, and benefit summary reports. Here is an overview of P&A’s Remittance Report, along with additional report options for COBRA/Billing clients.…
New Web Portal for P&A Retirement Plan Customers We are very excited to share some new web developments with our Retirement Plan customers. Beginning in the first quarter of 2022, P&A Retirement Plan clients and participants will be introduced to a new web portal. The new portal provides visitors with an updated layout with…