In response to President Biden’s executive orders issued in 2021, the Department of Labor (DOL) has completed new regulations governing investment obligations for employee benefit plan trustees. Considering these new regulations, now is an excellent time for employers and retirement plan sp…
IRS: An increase in the retirement contribution limits from 2023
In response to inflation, the Internal Revenue Service (IRS) proposed contribution limit modifications for employee retire…
Medicare Part B premiums and Open Enrollment in 2023
The 2023 Medicare Parts A and B premiums, deductibles, and coinsurance amounts were published by the Centers for Medicare & Medicaid Services (CMS) yesterday.
On October 15, 2022, the
COLA For Federal Retirees In 2023
According to the Bureau of Labour Statistics, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) climbed 9.4% in the last year t…
Fighting the Refusal of an FEHB Claim
You might have seen a time when you got into a dreadful quarrel over your health benefits plan. You wanted medical procedure coverage in the plan, and it was not there for your need. Fortunately, there is a method that would resolve such disagreements. If you disagree with your plan’s decision, …
401(k) and IRA contribution ceilings for 2023
The Internal Revenue Service (IRS) evaluates the impact of inflation and other variables each year to determine the maximum contributions for tax-advantaged retirement plans. They have been the same for some years. However, on occasion, the IRS modifies the amount that can be saved to your 401(k…