ThinkTank

2024 has been an amazing year! Thank you all who were a part of it!

??? Happy Thanksgiving from all of us here at Think Tank! ??? This Thanksgiving, we’re taking a moment to reflect on the partnerships, trust, and collaboration that make what we do so rewarding. To our clients, colleagues, and community: thank you for being part of our journey. May your holiday be filled with joy, gratitude, and cherished moments with loved ones. ?? Wishing you all a safe and wonderful Thanksgiving! ?? #Thanksgiving #ThankfulHeart #ThinkTankIP

The IRS has expanded preventive care benefits for HDHPs under Notice 2024-75. Key updates include coverage for OTC oral contraceptives, male condoms, advanced breast cancer screenings, and continuous glucose monitors without deductibles. These changes, effective for 2022 plan years, aim to enhance healthcare accessibility. Learn how these updates affect your health plans: https://lnkd.in/gxct8S-r

?? Attention small businesses: The Corporate Transparency Act (CTA) is now in effect, requiring certain businesses to report beneficial ownership details to FinCEN. Stay compliant by understanding your reporting obligations, exemptions, and deadlines. Noncompliance can lead to severe penalties. Get started now and protect your business! Learn more here: https://lnkd.in/e4zShHzk https://lnkd.in/gqRnHych

2025 open enrollment is approaching! By preparing early, employers can attract top talent and increase retention. Tailoring benefits and clearly communicating offerings show employees their value. Learn how you can optimize open enrollment with strategies to align benefits with employee priorities, from flexibility to wellness resources. Start now and make a lasting impact on your workforce. https://lnkd.in/dETy8SZb

The 2024 Employer Health Benefits Survey is out! With a rise in premiums, worker contributions, and enrollment trends, businesses must stay informed to offer competitive health benefits. This year’s report highlights a 24% rise in family premiums over the last five years, ongoing growth in self-funded plans, and increasing interest in wellness programs. Explore how inflation and wages impact benefits, and what tools can offset rising costs in 2025. Read the full summary to keep your business ahead of the curve. https://lnkd.in/d-7PCigX

As winter approaches, small businesses must take proactive steps to protect their operations. Our guide provides 10 essential tips for winterizing your business, from conducting thorough inspections to protecting pipes from freezing. We also discuss the importance of reviewing your insurance policies to avoid costly gaps. Don’t let winter weather catch your business off guard—prepare now and ensure you're covered.? https://lnkd.in/eSewK5gk

In an increasingly ROI-focused environment, HR leaders must find ways to do more with less. Our guide offers actionable strategies for building agile HR budgets, optimizing hiring processes, and improving employee engagement. Discover how using tools like applicant tracking systems and learning management platforms can streamline operations, and why KPIs are essential for aligning HR activities with broader business objectives. Learn how you can navigate shrinking budgets while driving workforce performance.? https://lnkd.in/djZVBny6

Have you heard of "quiet vacationing"? It's when employees take time off without informing their employer, often in remote or hybrid settings. This trend can lead to unreported absences and decreased productivity. Discover why this is happening, what it means for your business, and how you can take proactive steps to address it. Encouraging transparency, setting clear expectations, and promoting work-life balance are key to reducing this trend. Read our latest blog post to learn more.? https://lnkd.in/gktcK7DA

Employee Assistance Programs (EAPs) are an essential resource for maintaining a healthy and productive workforce, offering support for mental health, financial issues, and more. Employers must navigate complex compliance requirements under ERISA, COBRA, HIPAA, and the ACA to ensure these programs remain effective and legally sound. Learn how to structure EAPs to provide critical support while staying compliant with federal regulations. Stay informed on how EAPs impact health savings accounts (HSAs) and mental health parity.? https://lnkd.in/g-39yAAd