Many employee benefits are subject to annual dollar limits that are periodically increased to keep up with inflation. The IRS has issued new annual dollar limits for some welfare and retirement plans.
Employers should take note of the benefit limit changes and update their benefit plan designs and plan documents accordingly.
Very little has been written about the section 4980H penalty amounts for 2019. Fortunately, after reviewing the Code and figuring out the premium adjustment percentage, it is easy to determine the penalty amounts for 2019. This article explains the Code provision and the math behind the 2019 penalty amounts.
The IRS has begun the ACA penalty assessment process. Penalties are being assessed against those organizations determined not to be in compliance with the ACA, according to the March 2018 report from the Treasury Inspector General for Tax Administration on the Affordable Care Act.
Recruiting and retaining top talent is a key goal for all HR departments, and having a competitive benefits package is a must. Sometimes knowing which benefit options to offer and which to phase out can be a challenge.
Amazon announced recently it will acquire the Boston-based online pharmacy company PillPack, a company that offers pre-sorted doses of medications, home delivery, refill and renewal coordination.
Chances are high that you have an employee who may be nearing retirement.
Today, virtually all businesses collect and store personal information about customers, employees, and others. The frequency of data breaches — the theft, loss or mistaken release of private information — is on the rise.
Who are the Millennials and why should employers engage them?
The new federal tax law, signed by President Trump in December, contains a number of provisions that will impact the workplace and employers.