New overtime rule effective January 2020 increases the salary threshold for overtime pay, making over a million more workers eligible.

DOL Finalizes New Overtime Rule: Here’s What To Make Of It

Date: October 22, 2019

Topic: Benefits News, BeneTips

It’s time to sharpen your pencils (again)! The Department of Labor (DOL) has finalized an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,568.  This increase is slightly higher than the $35,308 threshold p...

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IRS announces increase to HSA contribution limits for 2019

NEWSFLASH! IRS Announces Increase to HSA Contribution Limits

Date: May 29, 2019

Topic: Benefits News, BeneTips

The IRS announced an increase to the maximum HSA contribution limits for the 2020 calendar year in Revenue Procedure 2019-25. The individual contribution limit has been raised from $3,500 to $3,550. The family contribution limit has been raised fr...

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Proposed or Not, IRS ACA Penalty Notices Warrant Call To Action

Proposed or Not, IRS ACA Penalty Notices Warrant Call To Action

Date: May 16, 2019

Topic: BeneTips, Health Care Reform

The number of instances whereby our clients are receiving notices for alleged non-compliance with the ACA’s Employer Shared Responsibility (ESR or “pay or play”) mandate is on the rise. The most common notice being received is IRS Letter 226...

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DOL Proposes New Overtime Rule

Date: April 1, 2019

Topic: BeneTips

It may be time to sharpen your pencils (again)! The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime eligibil...

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New Jersey Implements First State-wide Commuter Benefits Ordinance

Date: March 27, 2019

Topic: Benefits News, BeneTips

If you are an employer who employs at least 20 people in the state of New Jersey, you are now required to offer pre-tax commuter benefits to your employees. NJ is the first state to pass such an ordinance. Though the ordinance is effective immedia...

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New Jersey (NJ) enacts a health care individual mandate in 2019.

New Jersey Individual Mandate Latches On To Federal Reporting Obligations

Date: February 15, 2019

Topic: Benefits News, BeneTips, Health Care Reform

In late January, the state of New Jersey posted new information about its individual health insurance mandate that went into effect on January 1 of this year.  Of interest to most impacted employers are the tactics and mechanics associated with h...

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New Yorl (NY) Govenor Cuomo enacts stricter sexual harassment laws

New York Sexual Harassment Law Changes: Is Your Organization Ready?

Date: February 6, 2019

Topic: BeneTips, HR Consulting

On April 12, 2018, New York’s Governor Cuomo signed the state budget, which includes a mandate that employers provide employees with annual sexual harassment training. In addition, the New York State Human Rights Law has been amended to now prot...

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IRS Announces NEW FSA Maximums for 2019

Date: November 16, 2018

Topic: Benefits News, BeneTips

On Thursday, November 15, 2018, the IRS released the 2019 annual inflation adjustments.  Effective January 1, 2019, the new annual Health Care FSA maximum contribution will increase to $2,700. The new monthly maximum contributions for Qualifie...

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Patient-Centered Outcomes Research (PCOR) Fee Adjustment Announced for 2019

Date: November 13, 2018

Topic: Benefits News, BeneTips

The IRS has announced the new PCOR fees for plan and policy years ending on or after October 1, 2018 and before October 1, 2019.  The fee has experienced a $0.06 increase; up to $2.45 from the amount previously in effect. This fee is analyzed on...

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New ACA Regulation Proposed; IRS Releases Webpage For Letter 227 Clarification

Date: June 16, 2018

Topic: BeneTips

Expanding Mandatory Electronic Filing of Information Returns The IRS has proposed a regulation to expand the mandatory electronic filing of most information returns. Currently, the threshold that requires employers to file an information return e...

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