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ACA Update: IRS Issues Transitional Relief to Small Employers Offering Employer Payment Plans
No CommentsThe Affordable Care Act, also known as the ACA and Obamacare, continues to evolve and challenge employers that are working to comply. With a lot of the attention on the “play or pay” mandate that affects larger employers, it’s important that smaller employers are aware of provisions that may also apply to them. One such provision is discussed in IRS […]
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How to Tell Your Employees What’s Changing for 2015
No CommentsIf you’re making changes to your company’s employee benefits for 2015, you’ll also need to make sure you’re effectively communicating those changes to your employees. Employee education is key to ensuring employees appreciate and understand your company’s benefits package and make decisions that best suit their needs. It has also been shown that the level of employee benefits education correlates […]
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HR Outsourcing News Roundup: Disability Insurance Edition
No CommentsA temporary disability can happen to anyone. People fall off ladders or slip in the shower every day — and if the injury or illness is serious enough, it can affect an employee’s ability to work. Disability insurance can help mitigate the loss of income during the time an employee is unable to work, but not enough people understand the […]
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New Changes to Flexible Spending Account rules
No CommentsThe Department of Treasury and IRS released Notice 2013-71 on October 31, 2013 modifying the “use-it-or-lose-it” rule for health flexible spending accounts (FSAs). The Notice permits cafeteria plans to be amended to allow for up to a $500 carryover of unused funds at the end of a plan year. Amounts carried over would then be available to pay claims incurred in […]
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