PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. But because of these potential tax savings, there are strict rules to be followed, including limits on annual contributions and HDHP cost sharing.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Business Management Daily

APRIL 25, 2024

Non-taxable benefits According to IRS publication 15-B, all fringe benefits are taxable except those specifically excluded by law. Basically, the IRS considers de minimis benefits on par with small bonuses. Social security and workers’ comp, for example, aren’t usually bonus options and so are not considered fringe benefits.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

Assurance Agency

MARCH 20, 2023

With the new year comes new changes and challenges. Regulation Changes in 2023 - Several ACA health insurance regulation changes are taking place in 2023, which may affect costs and strategies for offering insurance to temporary employees. The IRS will no longer allow employers to correct their reports to clear a penalty.

Health Insurance 40

Health Insurance Insurance Employment IT 40

Assurance Agency

MARCH 20, 2023

With the new year comes new changes and challenges. Regulation Changes in 2023 - Several ACA health insurance regulation changes are taking place in 2023, which may affect costs and strategies for offering insurance to temporary employees. The IRS will no longer allow employers to correct their reports to clear a penalty.

Health Insurance 40

Health Insurance Insurance Employment IT 40

Higginbotham

JUNE 9, 2023

P CORI Fees Due July 31, 2023 The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). 1, 2023 technically ended on Dec.

Deductions 52

Deductions Deductible Health Insurance Taxes 52

WEX Inc.

JANUARY 3, 2023

Here are our top 10 blog posts from 2022: Your HSA when you change jobs Were you among the 20% of workers expected to quit their jobs in 2022? Check out our blog post and podcast episode to learn more about your HSA options when you change jobs. How much should you contribute to your HSA? This blog post will help you decide.

Education 52

Education Flexible Spending Account Health Savings Account Flexible Spending 52

AssuredPartners

APRIL 12, 2022

On April 5, 2022, the Department of Treasury and the IRS issued a proposed rule with the goal of revising the existing interpretation regarding eligibility for premium tax credits for families. In other words, the new rules do not require that employers provide ‘affordable’ coverage to family members.

Healthcare 98

Healthcare Benefit Providers Taxes Hospitality 98

Proskauer's Employee Benefits & Executive Compensa

MARCH 31, 2023

Over three years ago , the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act imposed a number of COVID-19-related coverage mandates on group health plans. What changed? The guidance, which was issued in the form of FAQs, can be downloaded here. How did we get here?

Deductions 52

Deductions Deductible Health Savings Account Medical 52

Business Management Daily

JULY 9, 2021

Having a great employee handbook helps new employees understand expectations and ensures that all staff members are on the same page in regard to conduct and procedures. These employee handbook examples can get you started. At-will employment statement. The at-will employment statement is often followed by a signature line. to 5:00 p.m.

Family and Medical Leave Act 89

Family and Medical Leave Act Human Resources Medical Paid Leave 89

Higginbotham

AUGUST 8, 2022

Pay or Play Affordability Percentage Decreased for 2023. 1, 2022, the IRS issued Revenue Procedure (Rev. 2022-34 to index the contribution percentages in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). percent below the statutory affordability percentage of 9.5

Taxes 52

Taxes Education Employment IT 52

AssuredPartners

DECEMBER 30, 2019

{"ops":[{"insert":"On December 20, 2019, President Trump signed into law the "},{"attributes":{"link":"[link] Further Consolidated Appropriations Act"},{"insert":"—spending legislation which also included important changes for employer-sponsored health plans, repealing several taxes enacted as part of the Affordable Care Act (ACA) and extending one.

Taxes 40

Taxes Health Insurance Medical Insurance 40

AssuredPartners

AUGUST 15, 2022

The IRA was narrowly passed along partisan lines under “reconciliation” rules, which enabled the bill to be passed by an evenly divided Senate, with Vice President Harris casting the deciding vote. ” Although it should be mentioned that the three affordability safe harbors used by employers are unaffected directly.

Healthcare 52

Healthcare Health Insurance Pharmaceutical Manufacturing 52