What Businesses Need to Know about the U.S. Executive Order on AI | Virginia Benefits Agents

Recently, U.S. President Joe Biden issued an executive order designed to install guardrails on generative artificial intelligence (AI), and there are many implications for businesses. Human Resources must be mindful about these new regulations as they apply to the workforce. The comprehensive order provides guidance on the development and use of a technology that has been unregulated … Continued

Why Health Insurance is Important | Virginia Benefits Group

Protection from high medical costs Health insurance provides important financial protection in case you have a serious accident or sickness.  People without health coverage are exposed to these costs. This can sometimes lead people without coverage into deep debt or even into bankruptcy. It’s easy to underestimate how much medical care can cost: Fixing a … Continued

Benefits Buzz December 2023 | VA Employee Benefits Partners

IRS Announces Employee Benefit Plan Limits for 2024 Many employee benefits are subject to annual dollar limits that are updated for inflation before the beginning of each calendar year. Most of these annual dollar limits will increase in 2024. Note that some benefit limits are not adjusted for inflation, such as the contribution limit for … Continued

Benefits 101: What Is Accident Insurance? | VA Employee Benefits Group

Accidents happen.  Whether you fall off a ladder, slip and break an arm, or get injured just living everyday life, an accident can happen.  Anytime.  Anywhere. What Is Accident Insurance? Accident insurance helps provide support when life’s most unexpected moments happen.  It makes an accident less painful financially because it helps to pay the bills … Continued

The Attitude of Gratitude | VA Employee Benefits Group

You may have heard the saying attitude of gratitude.  It’s a great little rhyme to remind us to  live a life of gratitude – and practice it!  When we practice being thankful on a regular basis, it not only impacts our mental and physical health, but those around you as well. The Definition of Gratitude … Continued

Revealed – Survey Responses about Employee Wellness and Benefits | Virginia Employee Benefits Partners

The connection between employee wellness and the benefits of the job might seem obvious. But the conversation should be more nuanced than merely a discussion about health insurance, access to mental healthcare like employee assistance programs (EAPs), and well-being apps to reach zen. Indeed, Human Resources professionals must reconsider their definition of benefits. It must extend to all the pros of … Continued

Benefits Buzz – November 2023 | Virginia Benefits Agents

Final Forms and Instructions for 2023 ACA Reporting Released The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: 2023 Forms 1094-B and 1095-B (and instructions) will be used by providers of minimum essential coverage, including self-insured plan sponsors that are not applicable large employers (ALEs), … Continued