Summer is here and that means summer vacations! Your employees will begin requesting more time off for vacation, so this is a good time to review your vacation policies and procedures to ensure they are legally compliant and work with your business needs. For the most part, employees aren’t promised paid vacations unless employers agree […]
Read More...Applies to: Self-Insured Health Plans, including HRAs & FSAs Employers who sponsor self-insured health plans must pay their annual Patient-Centered Outcomes Research Institute (PCORI) fees by July 31st! PCORI fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). The applicable PCORI fee you pay this year, by July 31, […]
Read More...Total rewards is an approach and framework for managing the elements of the employment interface between the organization and its workforce. As a strategy, it provides a vehicle for: Identifying value-added employment-related factors; Prioritizing the organization’s human resource investment; Rationalizing different components of the employment interface; and Communicating the alignment between rewards and business strategy. […]
Read More...On Wednesday, May 30th, NJ Governor, Phil Murphy, signed into law a bill that will require all New Jersey residents to have health coverage or pay a tax (penalty), making NJ the second state to enact an individual health insurance mandate. Massachusetts, the first state to enact such a mandate, began taxing its citizens in […]
Read More...Healthcare consumerism has come a long way. According to a recent large-employer survey, 72% of large employers will offer a consumer directed health plan (CDHP) by 2019, up from just 20% a decade earlier. And, there are even bolder predictions elsewhere. The 2018 Large Employers Health Care Strategy & Plan Design Survey suggests that 97% […]
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