In the U.S., December 2022 through January 2023 saw an increase in every type of winter claim. Driven by Winter Storm Elliot, freeze claims jumped 428%, followed by flood (+150%), collapse (+40%), and water (+26%) claims.The Farmers’ Almanac predicts [...]
As we head into 2024, the conversation around healthcare continues to evolve, and Health Savings Accounts (HSAs) are emerging as a powerful tool for both employers and employees. Recent statistics paint a clear picture: HSAs are booming: The [...]
Employers understand the importance of workers' compensation insurance as a fundamental requirement for any organization. It not only provides essential medical benefits and wage replacement to injured workers but also shields employers from potential costly lawsuits. However, what many [...]
The IRS has released its annual guidance on inflation adjustments for retirement provisions in 2024. The key updates include: For 401(k) and similar defined contribution plans, the contribution limit for participating employees will rise to $23,000 from $22,500. The [...]
In the dynamic world of the automotive, roads, and fuel sectors, trade associations play a critical role in supporting businesses to navigate the complexities of the industry. NARFA exemplifies this support, adhering to best practices that have been refined [...]
What is pre-diabetes? Pre-diabetes means your blood sugar level is higher than normal, but not yet high enough to be classified as type 2 diabetes. However, without intervention, pre-diabetes can become type 2 diabetes in 10 years or less. [...]
Imagine you’ve developed a series of company safety policies and programs, but as a small business owner, you aren’t certain how to communicate them to your employees. This is a huge stumbling block for many organizations—and it can hinder [...]
On August 30, the White House proposed a rule through the Department of Labor to extend overtime pay eligibility to an additional 3 million workers. This move echoes an attempt by the Obama administration eight years prior to modify [...]
The automotive industry encompasses a diverse workforce that requires a specialized approach to employee benefits. NARFA, with its longstanding history and expertise, stands as an invaluable ally for businesses navigating the complexities of employee benefits. The Challenge of Diverse [...]
Many people overlook mental illness and substance abuse and their costs to American businesses and families. Millions of dollars are lost due to absenteeism, reduced and impaired productivity, and loss of morale. Furthermore, the emotional toll on individuals and [...]
