Form 5500 Filing Deadline (Calendar-year Plans Only) Employers with employee benefit plans covered under the Employee Retirement Income Security Act (ERISA) that operate on a calendar year must file Form 5500 for the 2025 plan year by July 31, 2026, unless an extension is requested or a reporting exemption applies. The regular deadline for filing … Continued
Taking prescription medication is a common part of modern life. In fact, more than 131 million American adults take at least one prescription regularly. As we age, managing these medications becomes a vital part of staying healthy. While healthy habits and doctor visits are key, taking your medication correctly is just as important. Your pharmacist … Continued
A successful open enrollment starts long before the first form is signed. By reviewing and tailoring your benefits now, you can create a rewarding experience that truly enhances your employees’ overall health and financial security. Here are several key steps to help you prepare for your best enrollment period yet. Plan and Prepare Early (8–12 … Continued
Some health care treatments, services and products do not automatically qualify for coverage under employer-sponsored benefit plans or reimbursement through health savings accounts (HSAs), flexible spending accounts (FSAs) or health reimbursement arrangements (HRAs). In these cases, individuals may need documentation from a licensed health care provider to show that an expense is medically necessary rather … Continued
5 Essentials for Your Best Summer Yet Summer is the season of opportunity—a chance to reset your habits, soak up the sun safely, and prioritize the mental downtime we often skip during the winter hustle. Use these strategies to maximize your well-being while making the most of the warmer months. Build a High-Energy Routine With … Continued
In the modern age of instant information, the way we seek medical advice is shifting. According to a recent poll by KFF, one in three U.S. adults now uses artificial intelligence to look up health information. While these tools offer unparalleled convenience, they are fundamentally not designed to provide medical diagnoses—a distinction that can mean … Continued
On May 4, 2026, the IRS announced updated penalty amounts for 2027 under the Affordable Care Act’s (ACA) employer shared responsibility, or “pay-or-play,” rules. For the 2027 calendar year, the $2,000 penalty has been adjusted to $3,780, and the $3,000 penalty has increased to $5,670. This marks a rise from 2026 levels of $3,340 and … Continued
Navigating the healthcare system can often feel like trying to read a map in a language you don’t speak. Between the “alphabet soup” of acronyms—HMO, PPO, HSA—and the shifting rules of 2026 coverage, it’s easy to feel overwhelmed before you even step foot in a doctor’s office. However, health insurance literacy isn’t just about understanding … Continued
The Centers for Medicare and Medicaid Services (CMS) has released a final rule that exempts account-based plans, such as health reimbursement arrangements (HRAs) and health flexible spending accounts (FSAs), from Medicare Part D disclosure requirements. The change applies to coverage beginning Jan. 1, 2027. As background, employers with group health plans that provide prescription drug … Continued
High Deductible Health Plans (HDHPs) paired with Health Savings Accounts (HSAs) remain a cornerstone of modern benefits strategy. When executed correctly, they offer a powerful “triple tax advantage” for employees and lower premiums for employers. However, the federal rules governing these accounts are strict. As we move into the 2026 plan year—and navigate new permanent … Continued
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Phone: (631) 465.0606
Email: info@jmbrassillgroup.com
