Key TakeawaysNew age-based catch-up contribution limits for workers 60-63Updated thresholds for retirement accounts and HSAsInflation-adjusted welfare and retirement benefit limitsChanges implemented under SECURE 2.0 ActUnderstanding the 2025 IRS Benefit UpdatesThe Internal Revenue Service (IRS) has released its annual update [...]
The Rising Tide of Healthcare Costs In recent years, employees across various industries have experienced a significant uptick in their out-of-pocket costs for health coverage. This trend shows no signs of slowing down as we head towards 2025, [...]
Beginning January 1, 2025, Connecticut’s paid sick leave law—which currently covers employers with 50 or more employees in the state and only applies to service workers—will be significantly expanded to cover almost all employees and employers. Below are some [...]
The American workforce is aging rapidly, particularly in industries with physical demands. This demographic shift presents unique challenges and opportunities for businesses in the automotive, roads, fuel, fleet, and related sectors. Let's explore the implications and solutions for companies [...]
In recent years, a new class of drugs has gained significant attention in the medical world, promising substantial weight loss and potential changes in healthcare costs. These medications, known as GLP-1 receptor agonists, are reshaping conversations about obesity treatment [...]
In an era where student debt is skyrocketing and job markets are increasingly volatile, one career path stands out for its stability, earning potential, and accessibility: skilled trades. At NARFA (National Automotive Roads Fuel Association), we've long recognized the [...]
Are rising health insurance costs eating into your small business's budget? Are your employees struggling to afford quality healthcare? Individual Coverage Health Reimbursement Arrangements (ICHRAs) might be the solution you've been searching for. What are ICHRAs? ICHRAs (pronounced [...]
In workers' compensation, particularly for industries served by the National Automotive Roads Fuel Association (NARFA) and the Automotive Industries Compensation Corporation (AICC), physical therapy is key to employee recovery and cost management. This blog post explores how strategic physical [...]
As we approach 2025, businesses in the automotive, roads, fuel, fleet, and related industries face an increasingly complex healthcare landscape. With health insurance costs continuing to rise, many companies are seeking innovative solutions to manage expenses while still [...]
In today's challenging economic climate, employers are constantly seeking innovative solutions to manage rising healthcare costs. NARFA (National Automotive Roads Fuel Association) offers a comprehensive range of healthcare benefits designed to meet these challenges head-on. By leveraging NARFA [...]
