Innovo Insights serves as a valuable resource for business leaders navigating the complexities of HR and employee benefits. Our library offers a wealth of knowledge on various HR and employee benefit solutions, empowering leaders to make informed decisions for their organizations and employees.

May 16, 2023

Mental Health: The Importance of Prioritizing Employee Well-Being

Many employers recognize the importance of promoting mental health and wellness in the workplace and have increasingly acknowledged the impact of mental well-being on employee productivity and overall job satisfaction. Recently, these benefits have become more accessible to employees through mental health apps, telehealth, and the availability of employee assistance programs (EAPs).
December 20, 2022

IRS Finalizes Deadline Extension for Furnishing ACA Statements

On Dec. 12, 2022, the IRS released a final rule that extends the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). This rule finalizes guidance that was proposed by the IRS in December 2021 with minor clarifications.
December 6, 2022

Massachusetts Employers Must Complete HIRD Form by Dec. 15, 2022

Massachusetts employers with six or more employees must annually submit a health care coverage reporting form, referred to as the Health Insurance Responsibility Disclosure (HIRD). The HIRD form has been available to be filled out electronically starting Nov. 15, and must be completed by Dec. 15, 2022.