The past year has seen a number of new state and local laws covering a range of benefits-related areas. However, this legislative and regulatory patchwork has a downside for employers, who may find it increasingly difficult to deal with complying with the requirements of multiple jurisdictions.
Question: What do employers and James Bond Have in common?
Answer: Both have to combat Spectre.
However, the problem for employers is that in addition to fighting the new Spectre computer bug, employers must also combat the […]
A new proposed regulation opens the way to expand association health plans (AHPs). AHPs are plans sponsored by a group of unrelated employers, linked by factors such as a common industry or geography. These AHP plans will be allowed to offer reduced benefits in order to lower the cost of coverage. The stated goal of the proposed regulation is to make it easier for small employers to buy lower cost health insurance.
The U.S. Department of Labor has taken a series of legal actions against a multiple employer welfare associations (MEWA) plan operated by Black Wolf Consulting.
The actions were taken by the DOL against this plan (the […]
The Affordable Care Act (“ACA”) remains on the books. And, in a significant new development, the IRS is poised to begin levying penalties on employers, under the ACA’s employer mandate, for 2015. These penalties may be significant and it we cannot anticipate any “relief” reaching back to 2015.
The proposed Tax Cut and Jobs Act (“TCJA”) has generated a number of big stories with big numbers, such as $1.5 trillion to lower individual tax rates and $1.5 trillion to lower corporate tax rates. But, also lurking in the 430-page draft, are many important “smaller” provisions that will affect the HR world.