On November 1, 2024, the Internal Revenue Service (IRS) announced benefit and contribution limits for employer-sponsored retirement plans for the 2025 tax year. The following chart summarizes the 2025 limits, with 2024 limits included for comparison. This information is available[…]
Open enrollment begins Friday, November 1, for the coming year’s 125 Plan and health reimbursement arrangement (HRA) plans. If your cooperative will offer one or both of these plans administered by Cooperative Benefit Administrators, Inc. (CBA) in 2025, you’ll need[…]
November 1 is the deadline to download and distribute 2025 summary of benefits and coverage (SBC) documents to plan participants and beneficiaries. SBCs were released beginning in September. If you haven’t done so already, download your cooperative’s SBCs from the Group Plan[…]
The user experience for the Find Care & Costs tool on the Employee Benefits website has been simplified. NRECA Medical Plan participants can now access the tool by one link on the Find Care & Costs landing page instead of[…]
All cooperative employees—not just NRECA Medical Plan participants—can save a little and gain a lot when enrolling in the Active&Fit Direct™ program through November 30. With a $28 enrollment fee temporarily waived, employees pay just $28 a month for access[…]