January 6, 2020
Compliance Recap | December 2019
December was a busy month in the employee benefits world. The U.S. Court of Appeals for the Fifth Circuit held that the Patient Protection and Affordable Care Act’s (ACA’s) individual mandate is unconstitutional. The Internal Revenue Service (IRS) released final instructions and final 1094-B, ...
January 3, 2020
Proposed Rules on Coverage Transparency and Final Rules on Hospital Price Transparency
Updated January 2020 On November 15, 2019, the Internal Revenue Service (IRS), Department of Labor (DOL), and the Department of Health and Human Services (HHS) (collectively, Departments) released proposed rules on coverage transparency. The proposed rules seek to give an estimate of plan ...
December 27, 2019
Leading the Social Enterprise: Building a Culture of Community Experience
If you’ve been considering developing a social responsibility plan for your company in 2020, now is the perfect time. Experts are predicting that the future of success for organizations lies in their ability to make a marked difference in their community — an initiative that is directly tied to ...
December 27, 2019
Overtime Rule Goes Into Effect January 1, 2020
For many employers, overtime is a tricky issue. Should you offer it to all employees? Only hourly employees? How much time should they work before they are eligible? Effective January 1, 2020, this will be decided for any employers struggling to classify overtime status. Last September, the ...
December 27, 2019
Marketing a Modern Benefits Package
Each year can bring new challenges for successfully implementing and marketing a modern employee benefits package. Participation is critical—without it, companies cannot offer the kind of benefit savings that they are expected to. Add this to the state of the “talent crisis” as it stands with ...
December 27, 2019
Federal Tax Credit for Employer-Provided Paid Family and Medical Leave
In December 2019, the Further Consolidated Appropriations Act, 2020 included a one-year extension of the federal tax credit for employers that provide paid family and medical leave (FML) to their employees. As background, in December 2017, the Tax Cuts and Jobs Act (Act) included the new ...
December 16, 2019
IRS Releases Final Forms and Instructions for 2019 ACA Reporting
Background Under the Patient Protection and Affordable Care Act (ACA), applicable large employers (ALEs) are required to offer health benefits to their full‑time employees and individuals are required to have health insurance, although the penalty is $0 for individuals who fail to have minimum ...
December 6, 2019
Compliance Recap | November 2019
November was a busy month in the employee benefits world. The Internal Revenue Service (IRS) released draft 2019 instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C. The IRS also released health plan limits and various compensation, benefit, and contribution levels under qualified ...
December 2, 2019
IRS Releases Draft Forms and Instructions for 2019 ACA Reporting
Background Under the Patient Protection and Affordable Care Act (ACA), applicable large employers (ALEs) are required to offer health benefits to their full‑time employees and individuals are required to have health insurance, although the penalty is $0 for failing to have minimum essential ...
November 19, 2019
The Three Key Phrases for a Smarter Adoption of AI
Like so many other rapidly modernizing professions, HR is undergoing a massive transformation from the advent of AI-assisted technology. When used properly, machine learning and artificial intelligence (AI) can be a powerful and valuable assistant, one that can automate tedious and ...
