Employers looking to get a jumpstart on 2022 will want to take a look at the 2022 HSA limits just released by IRS. IRS Revenue Procedure 2021-25 sets the limits for high deductible health plans (HDHPs) and health savings accounts…
Benefits
Unfortunately, many employees experience financial stress. So, more employers are stepping up to help by offering their workers emergency savings accounts funded by payroll deductions. As the COVID-19 pandemic continues, workers have had trouble saving money for a rainy day.…
You and your Finance team may want to give your bonus and severance programs a second look. It’s important to make sure they’re aligned with federal standards, if possible. Otherwise, you may have to deal with tricky state wage laws…
Between state and local mandates, and the coronavirus pandemic, more employers must provide workers with paid sick and family leave. These initiatives are meant to be beneficial – but they’re full of red tape and confusion. That’s according to the…
Employers with 2021 dependent care flexible spending accounts have several changes to contend with. The American Rescue Plan Act just raised the annual limits for pretax contributions for 2021. (Note: This applies to the calendar year.) The 2021 dependent care…
Your company's retirement plan poses serious cybersecurity risks. So says the Government Accountability Office (GAO). It just released a new report on defined contribution plans. First, think of all the sensitive info needed for a 401(k). Then that data travels…
IRS Notice 2021-15 spells out new extensions for flexible spending accounts (FSA) and dependent care assistance programs. So your company can continue to be a bit more flexible with its cafeteria plan. And it comes courtesy of the Taxpayer Certainty…
Now your company will need to accept telemedicine visits as certification for employees' Family and Medical Leave Act (FMLA) requests. A new Wage and Hour Division Field Assistance Bulletin clarifies that a virtual doctor's visit counts as an “in-person” doctor’s…
Your employees will soon be equipped with an online health shopping tool to make smarter, more informed healthcare choices … and save your company money as a result. Starting Jan. 11, 2022, health insurers must provide a publicly available, updated…
The feds have issued new guidance on COVID-19 screening for workers as you try to return employees safely to the office. And it's good news for employers. Health insurers must cover return-to-workplace testing for the duration of the pandemic, according…
The Department of Labor’s (DOL's) proposed fiduciary rule replacement has arrived. The rule replaces the Obama-era fiduciary rule vacated in 2018. Its aim: to help employees get better investment advice about their retirement plans. The new rule will likely include…
Your company can now tap email or even text to pass along key retirement plan disclosures. The Department of Labor recently released a final rule, effective July 27. And seeing how your workforce may be more fractured than usual, thanks…
