The Internal Revenue Service (IRS) recently announced that California wildfire victims are now eligible for tax relief, including deadline extensions. The full details of this announcement are available here. This is good news for all Californians who have been significantly affected by the wildfires that began on January 7, 2025. The IRS has extended various…
In a move toward enhancing healthcare accessibility, the IRS has released Notice 2024-75, expanding the list of preventative care coverage allowed under high deductible health plans (HDHPs). This update allows certain preventative care services and products to be provided without a deductible or with a deductible below the minimum required for HDHPs. This change aims…
The IRS has announced the 2025 cost-of-living adjustments (COLA) for various tax-advantaged accounts, including Flexible Spending Accounts (FSAs). This blog post will walk you through the key changes and their implications. Here’s a quick summary of the 2025 limits for Health & Welfare Benefit Plans that have been impacted with this release: Check out our…
Let’s explore everything you need to know about a Healthcare FSA and why this benefit makes good sense for employees and human resource managers. As an HR manager, you are at the forefront of ensuring that your company’s benefits package is competitive, comprehensive, and beneficial to employees. One critical component of this benefits package is…
Nexus Administrators and Navia Benefit Solutions Announce New Partnership Fresno, CA – February 8, 2024 – Nexus Administrators, Inc., an experienced retirement plan administrator for over 30 years, announces its partnership and merger with Navia Benefit Solutions, a nationwide consumer-directed benefits provider of health, life, retirement, and compliance solutions. The partnership will strengthen Nexus’ expertise…
Americans with federal student loan debt will be forced to start repaying on those loans this fall due to the Supreme Court ruling against President Biden’s proposed student loan forgiveness program. Student loans have been in suspension for several years due to pandemic relief legislation, starting with the CARES Act and continuing with several extensions….