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SSG Insights | Week of March 17, 2023

Lifestyle Spending Accounts (LSAs) and What You Need to Know

As employees demand customized benefits packages and more employers offer lifestyle spending accounts (LSAs), it’s important for employers to understand the specifics of this spending account and consider if they are a good fit for their organization and employees. This SSG Insight explores LSAs, including their benefits and disadvantages.


ACA Pay or Play Penalties Will Increase for 2024

On March 9, 2023, the IRS released updated penalty amounts for 2024 related to the employer shared responsibility (pay or play) rules under the Affordable Care Act (ACA). This Legal Update provides the updated penalty calculations for the 2024 calendar year.


FMLA: Covered Employers

The federal Family and Medical Leave Act (FMLA) requires employers covered by the law to provide unpaid leave to eligible employees for specified reasons having to do with their own or a family member's health, or to bond with a new child. This Compliance Snapshot explains which employers are covered by the FMLA.