Medicare Notices Required for Prescription Drug Coverage
If your company health plan offers prescription drug coverage, you are required to provide an annual notice before October 15th of each year. This notice is to all Medicare eligible employees that the prescription drug coverage is “creditable”. This written notice is...
Employer Alert! Health Care Law (PPACA) Postponed Until January 2015!
President Obama announced a one-year delay (January 1, 2015), in the Patient Protection and Affordable Care Act (PPACA) employer mandate. Employers with 50 or more full-time equivalent employees (employees who work 30 or more hours per week) must provide health care coverage or pay steep penalties.
2014 IRS HSA Contribution and Out-of Pocket Limits
The Internal Revenue Service (IRS) announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. A comparison of the 2014 and 2013 limits is shown below:...
Understanding Legal Use of Credit/Criminal Background Checks.
Background/Credit Checks are covered by two federal laws: Title VII and the Federal Fair Credit Reporting Act (FCRA). Some states also have their own laws regarding the background/credit checks so employers need to understand the implications between the federal and...
