Practical HR Tips, News & Advice. Updated Daily.
By Michael Jordan, MagnaCare Self-insurance has become an essential cost-control strategy for a number of large plan sponsors. Today, a growing number of small and midsize plan sponsors also recognize the opportunity to rein in staggering health coverage costs by switching from a fully funded plan to a self-insured plan.
Employers will have two more years in which to respond to an Affordable Care Act tax on high-cost health plans, which was due to take effect in 2018. On Dec. 18, President Obama signed an omnibus spending package that includes a two-year delay of the Cadillac tax and also reversed the tax’s non-deductible status. The […]
The first of what is expected to be a series of interest rate increases by the U.S. Federal Reserve on Dec. 16 should start to help defined benefit retirement plans recover from years of underfunding, Moody’s Investor Service said in a report Dec. 14. Pension funding levels for about 670 rated U.S. non-financial corporate pension […]
What’s the golden rule when it comes to workers’ comp? Don’t try to make money somewhere else! It’s not that hard to follow, and yet, people are constantly getting busted for workers’ comp fraud! And in the most non-work-related ways!
When you consider the nature of student loan debt in America, it should be no surprise that college graduates value loan assistance as a benefit. If your company wants the edge when it comes to recruiting college talent, consider making student loan assistance a priority. A new survey has found that many student loan borrowers […]
CEOs of privately held companies received a median total compensation package of $360,000 in 2014, including base salary, bonus, benefits, new equity grants, and equity gains, and expect total cash compensation to increase 3.1% this year, according to Chief Executive Research’s latest CEO and Senior Executive Compensation Report for Private Companies.
A year-old, family-oriented start-up has won the top spot on Crain’s 100 Best Places to Work in New York City by offering a “diner menu” of luscious perks and benefits that would make your mouth water.
By Roy Harmon III Several outcomes in an upcoming Supreme Court decision on the extent of health plan subrogation and reimbursement rights could make life more difficult for plans. One outcome in Montanile v. Bd. of Trs. National Elevator Industry Health Benefit Plan would erode health plans’ lien rights if they fail to expeditiously pursue […]
We have a warehouse employee who has exhausted all of her FMLA for this calendar year. She was released to return full time with a light duty restriction of only being able to lift 10 pounds. We have not had enough work to give her due to the restriction so she’s only been working 20 […]
We have an employee that used more than contributed in her FSA while she was on a FMLA then personal leave. The plan year is over. The employee is now back. Can we ask her to contribute the balance at this point? I know we can’t make this request upon a termination but what about […]