So you’ve taken the leap into starting your own business. You defined your business opportunities, raised the needed capital, and are ready to start. After that, the biggest challenge is often finding the time, energy,
IRS Announces 2021 Employer Mandate Penalties The IRS has just announced new 2021 employer mandate penalty amounts for employers that fail to offer group health coverage that satisfies the requirement of the ACA’s employer mandate.
We’re always looking for ways to make open enrollment fresh and interesting. This year, we have an extraordinary opportunity and a new challenge thanks to the pandemic. Let’s take this chance to ease employee stress
Over the past few months, the IRS and DOL have been churning out regulations intended to address a variety of benefits-related problems arising out of the coronavirus crisis. Some of the most helpful changes are
In the last several weeks over 30 million people have lost their job in the US. People are being laid-off, with some companies choosing to furlough their employees. Now, more than ever, it is important
Anticipating and planning for future medical claims is a delicate blend of art and science even during “normal” times. But it’s especially so as we try to predict the effects of this pandemic. It’s the
In an unexpected announcement, the IRS recently stated that there is no statute of limitations for penalties assessed against employers that fail to comply with the Affordable Care Act’s employer mandate. It’s a slightly ominous
Wondering whether you can allow employees to make mid-year benefits election changes based on the COVID-19 situation? The answer is yes – and no. Dependent Care FSA Changes We’ve heard from clients whose employees want
The DOL and IRS have issued updated guidance about the new Families First Coronavirus Response Act (FFCRA) since our last blog. Let’s take a look at some highlights. Some employers are exempt While the act
Legislation signed into law earlier this week has created two new federal paid leave requirements for employees who miss work due to a variety of coronavirus-related situations. Effective starting April 1, 2020, the new requirements