Karen Day
Benefit Consultant
Karen earned her Associates Degree from the University of Kentucky, and began her insurance career working for a large third party administrator. Karen has a broad spectrum of experiences including billing management, client relations, consulting for association programs and sales. In 2022, Snowden & Associates joined Bim Group and Karen serves as a Benefit Consultant on the Bim Team.
Recent Insights
IRS Releases 2025 Limits for HDHPs and HSAs
Read Time: 5 MINUTES The IRS recently issued Revenue Procedure 2024-25 to announce the 2025 inflation-adjusted amounts that apply to health savings accounts (HSAs), excepted benefit health reimbursement arrangements (EBHRAs), and high-deductible health plans (HDHPs). The newly announced figures result in increases in the applicable limits for 2025, including the maximum contribution limit for an […]
Read moreIRS Answers Questions Regarding Tax- Favored Educational Assistance Programs
READ TIME: 4 MINUTES Employers can leverage educational assistance programs to enhance their workforce’s skills while providing tax benefits. On June 17, 2024, the IRS answered frequently asked questions related to educational assistance programs. Overview of Educational Assistance Programs An educational assistance program (EAP) is a written benefits plan provided by an employer to offer […]
Read moreAugust 2024 Compliance Recap
READ TIME: 7 MINUTES In August, the FTC ban on non-compete agreements was struck down by a court stating that the FTC did not have the power to implement the ban and that its application was too broad. The FDA approved new and updated COVID-19 vaccines for adults and children as part of the preventive […]
Read moreThe Importance of a Wrap Plan
READ TIME: 3 MINUTES Section 402 of the Employee Retirement Income Security Act (ERISA) requires that every health and welfare plan must have a written plan document. A wrap plan is a document that bundles or “wraps” ERISA health and welfare benefits (medical, dental, and vision, for example) into a single plan. It is an […]
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