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7 Tips for Staying Safe During Extreme Cold Weather

7 Tips for Staying Safe During Extreme Cold Weather Only travel if you have to. In extreme cold, you shouldn’t travel unless it’s absolutely necessary. Staying inside will reduce your chance of getting frostbite or risking uncertain road conditions. If you do need to leave the house, be sure to brush up on best practices for winter driving safety . If you drive, make sure you have a flashlight with fresh batteries and a full tank of gas. Carry extra blankets, clothes and a well-stock...

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Justin Metz, Erie Insurance 2/19/2025 Comments(0)

IRA Required Minimum Distributions 2025

R equired minimum distributions RMDs If you're age 73 or older, you generally must take RMDs from your tax-deferred IRAs before December 31 each year. The one exception is the year you turn 73, when you may wait until April 1 of the following year to take your initial distribution. Delaying, however, means you'll have to take two RMDs that year, which could bump you into a higher tax bracket. For Roth IRAs, original owners are exempt from RMD rules, but beneficiaries who inherit a Roth are gener...

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Hayden Adams, Charles Schwab 2/19/2025 Comments(0)

2025 HSA Contibution and Other Limits

2025 HSA Contributions and Other Limits Released The Internal Revenue Service IRS released its annual inflation-adjusted contribution limits for Health Savings Accounts HSA effective for Plan Years beginning January 1, 2025. Other announced limits are also noted below. 2024 2025 HSA Contribution Limit Employer and Employee Individual: $4,150 / Family: $8,300 Individual: $4,300 / Family: $8,550 Catch-Up Contributions for Ages 55+ $1,000 $1,000 HDHP Minimum Qualifying Deductible Individual: $1,600...

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AmWins Connect 6/19/2024 Comments(0)

Nondiscrimination Final Rules

Section 1557 Nondiscrimination Final Rules Late in April of this year, the Department of Health & Human Services HHS finalized rules that expand the requirements previously set forth in agency interpretations of the ACA’s §1557 nondiscrimination requirements, which prohibit covered entities from discriminating against individuals on account of race, color, national origin, sex, age, and disability in providing health programs and activities. Based on the final rules, the definitio...

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AmWins Connect 6/19/2024 Comments(0)

Employer Sponsored Indemnity Plans

Employer Sponsored Indemnity Plans On March 28, 2024, the Departments of Health and Human Services HHS , Labor, and the Treasury collectively, the Departments released final rules governing employer-sponsored indemnity insurance. This type of medical coverage is designed to provide limited-scope benefits and is therefore exempt from certain legal requirements that otherwise apply to major medical plans. As such, indemnity insurance is strictly regulated to ensure that consumers and employees und...

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Kelly Benefits Advantage 4/11/2024 Comments(0)