Educate Employees on the Value of HSAs

Health savings accounts (HSAs) offer many valuable benefits to participants. However, many employees do not fully understand how HSAs work and may be missing out. In fact, it is estimated by the Flexible Benefit Service Corporation that 40-50 percent of HSA-eligible individuals do not have an HSA. One reason for the underutilization of HSAs may … Continue reading Educate Employees on the Value of HSAs

English-only Policies in the Workplace

There is no doubt that in order for business to be conducted efficiently, workers must be able to communicate with each other. To avoid issues, some employers may decide to implement a workplace policy that requires all workers to speak English at all times. However, implementing such a blanket policy on employee communication is likely … Continue reading English-only Policies in the Workplace

IRS ISSUES OPT-OUT PAYMENT PROPOSED RULES

On July 8, 2016, the Internal Revenue Service (IRS) issued proposed regulations on the Affordable Care Act’s (ACA) premium tax credit and individual mandate. The regulations also impact employers through the employer shared responsibility rules. The proposed regulations focus primarily on the effect of opt-out payments on the affordability of employer-sponsored coverage: Opt-out payments made … Continue reading IRS ISSUES OPT-OUT PAYMENT PROPOSED RULES