News & Insights

Telehealth visits remain HSA compatible

As part of a year-end spending bill, lawmakers extended the pre-deductible designation of telehealth services through December 31, 2024, for calendar-year plans. The move extends the relief granted in the 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act benefitting individuals...

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Harassment prevention and policies 101

In many cases, employees are unwilling to report harassment following inappropriate behavior from a coworker or supervisor, fearing retaliation or the intimidation ofreporting a claim to upper management. It is the responsibility of Human Resources to ensure proper training, education and policies...

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Creditable coverage deadline approaching

Employers should be aware of the upcoming October 15 deadline for issuing a creditable or non-creditable coverage notice to their plan participants, including dependents and retirees, who are eligible for Medicare. The notice alerts Medicare-eligible participants how their prescription drug...

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Telehealth vs in-person health visits

Since the COVID-19 public health crisis, telehealth visits have been on the rise. Telehealth refers to the practice of receiving health counseling virtually rather than in a provider’s office. While the convenience is appealing, some employees prefer in-person visits for the face-to-face contact....

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New requirements to increase health care cost transparency

The Consolidated Appropriations Act (CAA) signed into law on December 27, 2020, and the Transparency in Coverage Act (TiC), adopted November 12, 2020, contain a number of initiatives designed to improve health care cost transparency and patient protections. Below is a calendar of key 2022 and 2023...

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2023 ACA affordability thresholds

The Internal Revenue Service (IRS) sets an annual affordability threshold that determines if an employer’s lowest premium health plan meets the requirements set bythe Affordable Care Act (ACA). The affordability threshold is used to determine employee-paid rates for the lowest-cost, self-only plan....

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PCORI fee deadline approaching

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IRS raises standard mileage rate effective July 1

With gas prices soaring, the Internal Revenue Service (IRS) increased the standard mileage rate for business travel through the rest of 2022 to 62.5 cents per mile. This change became effective July 1, 2022.

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Happy birthday to us - Bukaty Companies celebrates 30 years of success

In 1992 Mike Bukaty founded Bukaty Companies with one mission in mind: to provide products and services to individuals and families that help build and protect their health and financial security throughout all stages of life.

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Using AI to screen applicants: the risks and rewards

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