OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits will remain the same, many of the limits will increase for […]
Overview On Feb. 15, 2017, the Department of Health and Human Services (HHS) issued a market stabilization proposed rule under the Affordable Care Act (ACA). The proposed rule includes new reforms intended to stabilize the individual and small group health insurance markets for the 2018 plan year. Specifically, the rule proposes a variety of policy […]
Due to the Affordable Care Act (ACA), most stand-alone health reimbursement arrangements (HRAs)—an HRA that is not offered in conjunction with a group health plan—have been prohibited since 2014. However, on Dec. 13, 2016, the 21st Century Cures Act (Act) was signed into law, which allows small employers that do not maintain group health plans […]
According to a 2016 employer health benefits survey conducted by the Kaiser Family Foundation and the Health Research & Educational Trust (HRET), the majority of workers are required to pay a share of the cost for their health care services. Workers’ average contributions toward their premiums were similar to last year, with employees contributing 18 […]
Employer-sponsored leave-sharing programs enable employees to share their paid leave time with other employees who need additional time off. Employer-sponsored leave-donation programs allow employees to forgo their paid leave time in exchange for cash donations made by the employer to charities. Tax Considerations Unless the program meets IRS guidelines, the donated leave will be taxable […]
In an ideal world, employers offer both a generous wage and plentiful employee benefits. However, given the choice between the two job perks, many Americans would rather have the former, a newly released survey suggests.
Thanks in part to the Affordable Care Act that’s helped to lower the uninsured rate, everything appears to be falling into place when it comes to Americans’ health care access. But there’s more to the story than meets the eye, particularly for employers.
While some people still prefer the tangible form of correspondence, a strong majority of today’s workers prefer to peruse and sign up for employee benefits online rather than by pad and pen, according
Many businesses are trending away from end-of-year reviews, believing it will save time, energy and resources, thereby increasing productivity. But if you ask workers how they feel about their elimination, you get decidedly mixed reviews.
Nearly 40 percent of organizations today offer employee benefits in order to retain employees and recruit for open positions, based on recent polling numbers produced by the Society for Human Resource Management.
