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Regarding the New York Paid Family Leave Law

Friday, August  4,  2017

NEW YORK PAID FAMILY LEAVE LAW Eligible employees will be able to take NYPFL to take care of a seriously ill family member, to bond with a newborn, adopted or foster child, or for military exigency, as defined by the federal FMLA rules. The New York Disability Benefits Law (NYDBL) was amended to include paid … Continue reading

July Compliance Recap

Friday, August  4,  2017

July was a relatively quiet month in the employee benefits world, despite the U.S. Senate’s release of two bills in its attempt to repeal the Patient Protection and Affordable Care Act (ACA). First, the U.S. Senate revised its Better Care Reconciliation Act and declined to vote on its revision. Then the U.S. Senate released its … Continue reading

ACA/BCRA Update

Wednesday, July  19,  2017

As you know, a few weeks ago Senate Republicans drafted a bill, the Better Care Reconciliation Act (“BCRA”), in an effort to repeal and replace the Patient Protection and Affordable Care Act (“ACA”). If you remember, Republicans currently hold a 52-member majority in the Senate, therefore Senate Republicans are left with a two member margin … Continue reading

June Compliance Recap

Friday, July  7,  2017

June was an active month in the employee benefits world. The U.S. Senate released a draft of the Better Care Reconciliation Act of 2017 which would substitute the U.S. House Resolution 1628 that aimed to repeal and replace the Patient Protection and Affordable Care Act (ACA). The U.S. Supreme Court decided an ERISA church plan … Continue reading

PCORI FILING DUE TO IRS BY JULY 31

Wednesday, June  7,  2017

It’s that time of year again for PCORI fees to be paid. As you may already know, the Affordable Care Act established the Patient-Centered Outcomes Research Institute (PCORI). The purpose of PCORI is to promote research efforts that will help Americans make better informed health decisions. To fund this effort, employers with certain self-insured plans … Continue reading

Impact of Opt-Out Incentives on ACA Affordability Calculations

Thursday, February  23,  2017

Quick Overview of Affordability   Employers may find themselves subject to a penalty if an employee goes to the Marketplace/Exchange and obtains a premium credit, because the employer plan was not affordable or does not provide minimum value.   An employee is not eligible for a premium tax credit for any month in which the … Continue reading

November 2016- Compliance Recap

Tuesday, December  6,  2016

November was quite an active month for compliance related updates in the law with regard to employee benefits and human resources. The IRS delayed 6055 and 6056 reporting for 2017, the Overtime Rule was delayed, the government released annual benefit plan amounts for 2017, and the IRS released advanced copies of the 2016 Form 5500. … Continue reading

FLSA Overtime Rule Blocked by Federal Judge

Wednesday, November  23,  2016

On Tuesday, November 22, 2016, a Texas federal judge blocked the Fair Labor Standards Act Overtime Rule by issuing a nationwide preliminary injunction. The regulation was scheduled to take effect on Dec. 1 and would have raised the salary limit for which workers could be exempt for overtime pay from $23,660 to $47,476. Judge Amos … Continue reading

IRS Extends 1095 Deadline

Friday, November  18,  2016

The Internal Revenue Service has just announced an extension on the 2016 Form 1095-C, Employer Provided Health Insurance Offer and Coverage. Previously, the 1095-C was due to full time employees on January 31, 2017. Although the IRS had previously indicated not to expect an extension, an extension was granted for the 2016 Form 1095-C. The … Continue reading

The Trump Administration & Healthcare Reform

Wednesday, November  16,  2016

On January 20, 2017, Donald J. Trump will be sworn in as the next President of our nation. Next year, Republicans will have the majority in the House of Representatives (238 Republicans, 191 Democrats) and the majority in the Senate (51 Republicans, 47 Democrats). On November 14, 2016, House Republicans unanimously renominated House Speaker Paul … Continue reading

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