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Employee Benefits

EMPLOYEE BENEFITS

IRS Reduces HSA Limit for Family Coverage for 2018

Posted by Mick Rodgers

OVERVIEW

On March 5, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-18 to announce changes to certain tax limits for 2018, including a reduced contribution limit for health savings accounts (HSAs).

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Massachusetts Fair Employment - Pay Equity Act

Posted by Mick Rodgers

The federal Equal Pay Act requires employers to pay men and women equally if they perform substantially equal work within the same establishment. In addition, many states, including Massachusetts, have enacted their own equal pay laws prohibiting wage discrimination based on gender. 

This Employment Law Summary provides an overview of Massachusetts’ Pay Equity Act (MPEA) and the amendments to it that go into effect on July 1, 2018.

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Lessons Learned with Captives in Health Insurance

Posted by Mick Rodgers

This is a longer reprinted version of 2 articles that recently appeared in Employee Benefits Magazine. To view it in its original format from EBA please visit these links part 1 or part 2.

Not all captives are the same.  Health insurance captives, also known as medical stop loss insurance captives, have been around for a while even though they are still not widely adopted. They Can be a successful part of a cost control strategy for clients.  Their origins tie back to when large employers (5,000+employees) needed a way to manage healthcare risk across their organization, lower costs for employees and reduce administration and underwriting costs from carriers.

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New Employer Tax Credit for Paid Family and Medical Leave

Posted by Mick Rodgers

The Tax Cuts and Jobs Act, which was signed into law on Dec. 22, 2017, creates a new business tax credit for eligible employers that provide paid family and medical leave to their employees. The tax credit, which applies to taxable years beginning in 2018 and 2019, is equal to a percentage of wages paid to qualifying employees who are on family and medical leave.

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5 Ways To Prevent Workplace Harassment

Posted by Mick Rodgers

Harassment is a form of employment discrimination that may violate federal laws like Title VII of the Civil Rights Act, the Age Discrimination in Employment Act and the Americans with Disabilities Act. The Equal Employment Opportunity Commission (EEOC) issued a list of best practices for employers to use in their workplaces to prevent harassment. According to the EEOC, the following five core principles have generally proven effective in preventing and addressing harassment.

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Individual Mandate Penalty Will Be Eliminated In 2019

Posted by Mick Rodgers

OVERVIEW

On Dec. 22, 2017, President Donald Trump signed into law the tax reform bill, called the Tax Cuts and Jobs Act, after it passed both the U.S. Senate and the U.S. House of Representatives.

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Furnishing Deadline Delayed for 2017 ACA Reporting

Posted by Mick Rodgers

On Dec. 22, 2017, the Internal Revenue Service (IRS) issued Notice 2018-06 to:

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DOL Proposes Amendment to Tip Regulations

Posted by Mick Rodgers

On Dec. 5, 2017, the U.S. Department of Labor (DOL) published a proposal to amend current tip-pooling (tip-sharing) regulations under the Fair Labor Standards Act (FLSA).

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2018 Health Plan Compliance Checklist

Posted by Mick Rodgers

With the beginning of the year upon us, we would like to provide you a copy of a document we are asked for, more than any other - The 2018 Annual Health Plan Compliance Checklist 

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DOL Delays New Rules for Disability Benefit Claims

Posted by Mick Rodgers

On Dec. 16, 2016, the Department of Labor (DOL) released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits and are subject to the Employee Retirement Income Security Act (ERISA). The final rule was scheduled to apply to claims that are filed on or after Jan. 1, 2018. However, on Nov. 24, 2017, the DOL delayed the final rule for 90 days—until April 1, 2018.

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