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Employment laws to watch in 2018

Insperity

Employment laws continue to evolve, and 2018 will usher in some big changes in two of our most populous states, California and New York. The HR world is abuzz with all the implications of implementing New York state’s paid family leave legislation and California’s ban-the-box law, both of which went into effect January 2018.

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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

Since 2018, individual premiums have increased by 21% while family premiums have increased by 18%. The latter have seen an increase in health plan enrollment among their employees between 2018 and 2022, while those with one to 50 employees saw overall decreases. Deductibles can be added to the plan to manage premium costs.

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Is relocation reimbursement taxable? How to assess tax liability for employee relocation

Business Management Daily

Expenses that could previously be deducted on an employee’s tax return may no longer qualify, and relocation benefits that previously could be paid out without counting towards a taxpayer’s income may now result in higher tax liabilities. Can employees deduct their moving expenses? Are moving expenses paid directly to vendors taxable?

Taxes 98
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Looking Ahead at 2018: What to Expect in Benefits

Winston Benefits

Ready to get a jump on incorporating 2018’s expected employee benefits trends with your overall benefits strategy? 2017 was a busy year for employee benefits, and 2018 is shaping up to be even more exciting. In 2018, it will remain important for employers to stay up-to-date on any legislative changes.

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How much should I contribute to my HSA?

WEX Inc.

If you’re covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $3,650 per year (in 2022) into your health savings account (HSA). It takes into account your health plan coverage type, deductible amount, number of years before retirement, monthly healthcare expense and more.

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Employers Prioritizing Enhanced Benefits in New Year, Not Cost-Cutting

InterWest Insurance Services

With Americans increasingly struggling to pay their health care bills, more employers are shying away from only offering their workers high-deductible health plans (HDHPs) that reduce premiums up front for higher out-of-pocket costs for workers. Despite group health insurance costs expected to rise 5.4%

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Supreme Court rules Police Service of Northern Ireland must pay £40m in holiday pay case

Employee Benefits

In 2018, an industrial tribunal determined that unlawful deductions were made from the holiday pay of nearly 3,750 PSNI officers and civilian staff over 20 years, because it was paid on their basic contractual rate and payments for any overtime had not been included. Northern Ireland didn’t do this.