The U.S. Department of Labor (DOL) released the second set of frequently asked questions (FAQs) for retirement plan professionals on the agency’s complex new fiduciary rule just days before the end of the Obama administration in an effort to answer plan practitioners’ questions about how the rule draws lines between fiduciary and nonfiduciary communications, education, and advice.
Designing competitive benefit packages that help you attract and retain top talent can be daunting. While health and well-being benefits may only represent a small portion of your overall compensation plan, they can drive a disproportionate share of your budget. Could the introduction of genetic testing as a covered benefit allow you to better manage your healthcare spend? With the promise of continued increases in your healthcare premiums, perhaps now is the time to seriously consider using genetic testing in order to offer more personalized benefits.
The effect of the recent 21st Century Cures Act on health reimbursement arrangements (HRAs) was clarified by the U.S. Department of Labor (DOL) in a new round of frequently asked questions (FAQs).
Employers would be wise to ignore the U.S. Department of Labor’s (DOL) regulations and guidance that permit exceptions timekeeping under the Fair Labor Standards Act (FLSA). The department says that the practice is fine, but experts warn that it sets employers up to violate another DOL mandate: “complete and accurate” time records.
Navigating the latest tax reporting changes and avoiding filing errors is not always straightforward and can present unique challenges to small and midsized businesses.
In the last installment, we covered the rules regarding Family and Medical Leave Act (FMLA) intermittent leave. This article will focus on intermittent leave regarding pregnant employees. Curbing abuse of intermittent leave for pregnant employees can be difficult due to the permissive approach taken by the U.S. Department of Labor (DOL) to FMLA leave during […]
On December 16, the Centers for Medicare & Medicaid Services (CMS) issued the Notice of Benefit and Payment Parameters final rule and the final Annual Letter to Issuers for 2018. The primary focus of the notice—risk stabilization—complements recent announcements that are meant to improve the risk pool, including actions to address third-party payments of premiums and improve program integrity for […]
By Joel Kane, Sedgwick, LLP The California Legislature is constantly enacting new laws, many of which address relatively narrow issues. In some instances, however, there’s still a significant impact on employers, especially in industries that are being targeted by the legislation.
California healthcare employers will soon have a new regulation to comply with. On December 8, 2016, the state’s Office of Administrative Law approved new Section 3342 of the General Industry Safety Orders, Workplace Violence Prevention in Health Care. The standard takes effect on April 1, 2017.
The California Court of Appeal recently considered whether an employer may be held liable for a third party’s injuries resulting from an auto accident caused by an employee who was carpooling with his supervisor and coworkers from the jobsite after the end of their shift.