The U.S. Food and Drug Administration (FDA)approved 55 new treatments in 2023, a nearly 50%increase from the year before. The 2023 figuremarked the highest number of approvals since theCOVID-19 pandemic.The FDA typically approves 45-50 new drugs eachyear, with a...
On Dec. 14, 2023, the IRS announced the 2024 optional standard mileagerates, which are used to calculate the deductible costs of operating anautomobile for business, charitable, medical or moving purposes.The 2024 standard mileage rates for the use of a car (also...
Employers should be aware of the top compliance issues that impact theirhealth plan coverage for 2024. Some of these compliance issues areestablished requirements for employers, such as the expanded electronicreporting requirement under the Affordable Care Act (ACA)....
The Pregnant Workers Fairness Act (PWFA) requires employers with 15 ormore employees to provide reasonable accommodations for the knownlimitations of a qualified applicant or employee due to pregnancy, childbirthor related medical condition. However, an employer may...
Although the end of the year is a busy time, employers should continue toprioritize compliance requirements for their employee benefit plans. Thereare several benefits-related tasks that employers should make sure arecompleted by the end of 2023, such as: Submitting a...
Co-founded by Chrystine Heier in 1998, Sullivan Benefits serves the ever-changing employee benefit needs of today’s mid-sized employer. To learn more about us and our approach, take a stroll through our site and learn about our BluePrint process designed to maximize every dollar you spend on employee benefits.
