Practical HR Tips, News & Advice. Updated Daily.
A common problem with traditional health insurance is that even when the premium is paid by an employer, the copays and deductibles can be unaffordable. Potential answers are benefits such as telemedicine and health advocates. Click here to read more.
IRS on Sept. 14 released a new revenue procedure guide for retirement plan administrators seeking to avoid filing certain annual forms electronically, usually for economic hardship reasons. The changes are most likely to apply to small plans. In Revenue Procedure 2015-47, IRS provided some clarity on when some filers can continue using paper to submit […]
As the working world continues to evolve into a strange dichotomy—with the lowest unemployment rates since 2008 and at the same time employees’ insecurity about their jobs and their financial situations—the number of benefits you offer can play an important role in employee retention.
Did you know that the Equal Pay Act (EPA) is actually a component of the Fair Labor Standards Act? The EPA was established in 1963 and signed into law by President Kennedy.
The Fair Labor Standards Act (FLSA) and FMLA allow workers to sue individuals for denying them benefits, and that includes HR directors and managers and the company CEO. Read more.
Flexible benefit plans (also called cafeteria plans) offer employees multiple choices of benefits that are paid for by salary contributions on a pretax basis. These plans give employees a choice of which benefits they would prefer to take, and they also give employees the choice to forgo the benefit and take a cash option instead.
A third-party administrator faces California health privacy and unfair business practices charges for allegedly handing over a plan participant’s case management information to an employer, which then terminated her to avoid paying for her impending liver transplant. The TPA’s arguments for ERISA preemption failed because the plan participant’s state-law action could have been brought in […]
A federal appellate court affirmed the legality of Verizon Communications Inc.’s 2012 decision to offload more than $7 billion in pension obligations, in a ruling that lent further support for popular pension derisking measures. In Lee. v. Verizon, 2015 WL 4880972 (5th Cir., Aug. 17, 2015), two classes of plaintiffs — retirees whose benefits management […]
The Affordable Care Act served dessert first, offering subsidized health coverage across the country before some of its less popular provisions were scheduled to take effect. But the government soon will start asking the country to eat its vegetables as cost-control measures phase in — and a lot of powerful lobbies are going to fight […]
As an employer of choice, you take time and effort to help your employees face the challenges that inevitably come along. Even (or maybe especially) for those who have diligently saved for retirement and kept themselves healthy to minimize their healthcare costs, there is one more danger lurking in the shadows: The cost of long-term […]