Practical HR Tips, News & Advice. Updated Daily.
Employers will need to do ACA reporting for this year, including forms 1094 & 1095. What options (e.g. software) does the employer have to for reporting? (Currently I use Quickbooks to submit my W2 forms.)
By Richard Shaffer Younger workers place the same value on the same benefits as your older workers. Yet research shows there’s a huge discrepancy between what this large-and-growing workplace group wants—and what their employers think they want. (Source: Employee Benefit News Blog).
Plan design can help employer plan sponsors avoid the objectionable task of paying excise taxes on health plan coverage they provide to employees. The Cadillac tax is the Affordable Care Act’s way of taxing health benefits, in part to fund the law’s ambitious coverage objectives. As liability under the tax in 2018 approaches, employers are […]
Qualifying longevity annuity contracts in 401(k) plans could significantly increase the retirement readiness of younger workers with longer life expectancies, the Employee Benefit Research Institute reported recently. Modeling two scenarios involving the recently approved QLACs, EBRI found that, while the general population might experience a “small reduction” in retirement readiness by purchasing a QLAC with […]
The U.S. House of Representatives in a voice vote on Sept. 28 unanimously approved H.R. 1624, the Protecting Affordable Coverage for Employees Act, which would redefine small employer as having 50 or fewer employees and give states the option of expanding the definition to include employers with up to 100 employees. The previous definition had been groups […]
The Health Insurance Portability and Accountability Act (HIPAA) imposes requirements to protect and help consumers maintain both their health insurance and their privacy. Some of the main provisions include:
Information reporting of minimum essential coverage under the Affordable Care Act is like being stuck between a rock and a hard place. On the one hand, insurers and many employer plan sponsors must keep records about their coverage and lives covered for every month of 2015. Details include Social Security numbers (for self-insured plans) and […]
Contrary to popular belief, work-life balance and work flexibility issues aren’t primarily women’s issues. In fact, in some cases it is men who use work-life benefits more frequently and are more likely to say that their work is interrupted for personal or family reasons. Click here to read more.
Can we ask an employee to pay their monthly portion for their health insurance while they are on disability? Thank you for your inquiry regarding employee health benefits while the employee is out on leave for a disability. The term “on disability” is a broad one that may encompass a variety of leave scenarios. For […]
Limeade, an employee health and wellness platform, has announced the winners of its 2015 Limelight Awards. The annual awards recognize employers who are leading the industry in employee wellness strategy with engaging programs that inspire change. Click here to read more.