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IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans

McDermott Will & Emery Employee Benefits

On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. The post IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans appeared first on EMPLOYEE BENEFITS BLOG.

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17 Items That Need To Be Included In Your Employee Handbook

Genesis HR Solutions

Payroll deductions This item spells out each of the deductions the company withholds, including federal, state, and local taxes and other things, including voluntary deductions for benefits. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside.

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The Open Enrollment 2019 Season is Coming (But Don’t be Afraid)

Corporate Synergies

There may be new health & welfare benefits offerings that require employees to pay close attention during the decision-making process. Employers with multiple generations of workers must accommodate a wide range of health and welfare benefits needs. Bottom Line: Employee Health and Peace of Mind.

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Fun For the Whole Family: More ACA Subsidies Apply

McDermott Will & Emery Employee Benefits

The post Fun For the Whole Family: More ACA Subsidies Apply appeared first on EMPLOYEE BENEFITS BLOG.

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ARPA – The American Rescue Plan is Now Law

AssuredPartners

Overall, the bill will provide relief in many forms, including but not limited to, direct stimulus payments to eligible recipients, unemployment assistance, aid for small businesses, and child tax credits. If the tax credit exceeds the amount of payroll taxes due for a particular period, the employer can apply for a refundable tax credit.