To help your company educate its employees about wellness-related topics, we are happy to share the May 2018 edition of our “Live Well, Work Well” newsletter. This month’s edition focuses on topics regarding nutrition, distracted driving, and more. The specific articles within the May 2018 edition of “Live Well, Work Well” are: Researchers Link New [...]Continue Reading →
Archive for 'Benefits and Insurance'
On April 26, 2018, the IRS issued an announcement that impacts the maximum family contribution to a Health Savings Account (HSA). For 2018, taxpayers with family coverage under a high-deductible health plan (HDHP) may treat $6,900 as the maximum deductible HSA contribution. As you may recall: The IRS initially announced in May 2017 that $6,900 [...]Continue Reading →
Beginning in 2018, Massachusetts has implemented a new Employer Medical Assistance Contribution (EMAC) Supplement fee that may impact many employers. Generally speaking, an employer may be assessed a penalty if they have any employees that are enrolled in MassHealth (excluding the premium assistance program) or the subsidized coverage plan through the Massachusetts ConnectorCare program. April [...]Continue Reading →
UPDATE: On April 26, 2018, the IRS issued an announcement that once again changed the maximum HSA family contribution limit for 2018. It is now set as $6,900. Click here for more details. On March 5, 2018, the IRS released Revenue Procedure 2018-18, which recalculates a number of cost of living increases for calendar year [...]Continue Reading →
Effective July 1, 2018, a number of significant changes to the Massachusetts Equal Pay Act will start to impact employers. As a brief overview, the changes to the law primarily focus on: Requiring equal pay for comparable work: The new law defines “comparable work” as any work that requires “substantially similar skill, effort and responsibility, and is performed [...]Continue Reading →
Each year, applicable employers are required to complete an online disclosure with CMS and report whether their health plan’s prescription drug coverage is Medicare Part D creditable or non-creditable. Plan sponsors are required to report 60 days after the start of the plan year. Thus, if you renewed January 1, 2018, this year’s deadline is [...]Continue Reading →
On December 20, 2017, the U.S. District Court for the District of Columbia vacated key provisions of the EEOC’s final rules for employer-sponsored wellness plans. Primarily, these provisions allow employers to offer wellness incentives of up to 30 percent of the cost of health plan coverage. To prevent immediate disruption to employers, the court stayed [...]Continue Reading →