The Affordable Care Act (ACA) requires insurers to offer plans with reduced deductibles, copayments, and other means of cost sharing to certain people, depending on their income, who purchase plans through the ACA marketplaces. In turn, insurers receive federal payments arranged by the Secretary of Health and Human Services to cover the costs they incur […]
From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.
A recent decision from the Iowa Court of Appeals should cause Iowa employers to hit pause on routine decisions relating to workers’ compensation claimants. The decision, Vetter v. Iowa Department of Natural Resources, effectively dismantled the definition of “disability” for disability discrimination claims.
As healthcare costs continue to rise, employers are increasingly examining how their employees are getting their health care, rather than simply trying to shift costs to them, according to a survey by the National Business Group on Health (NBGH).
Workers’ compensation benefits are designed to compensate employees for injuries that occur in the course and scope of employment. Basic workers’ comp principles establish that the course and scope of employment excludes routine commutes to and from work (before arriving at and after departing from the employer’s premises). Delaware is no exception. With rare exceptions, […]
A new survey findings, released by Transamerica Center for Retirement Studies® (TCRS), reveals that 69% of employers believe most of their employees could work to age 65 and still not save enough to meet their retirement needs, a disturbing finding given the vital societal role that employers play in helping workers save, plan, and prepare […]
The Internal Revenue Service (IRS) has issued several changes to its preapproved qualified retirement plan program, in line with its phaseout at the beginning of 2017 of much of the determination letter program for individually designed plans.
The U.S. Department of Labor (DOL) and a third-party administrator that provides employee health benefit plans with access to a network of doctors, hospitals, and other medical providers have reached an agreement in which the administrator has committed to improve its communications with health plans and to return certain fees the plans paid for claims […]
A New Jersey appellate recently heard claims from a former employee who alleged that she felt compelled to resign because of her supervisor’s inappropriate comments and other workplace disputes. Was the employee entitled to unemployment benefits?
Some 44% of workers say they worry about money while at their jobs, and 46% say they spend 2 to 3 hours of their employer’s time each week trying to handle personal financial matters, according to 2016 research from The Prudential Insurance Company of America titled “How Well Protected Are Employees Against Key Financial Risks?”
The term “robo-adviser” is used to describe a wide range of digital advice and technology solutions. But while robos have been touted as the wave of the future, there’s no denying that retirement investors still see value in the expert advice of human advisers. There may be potential benefits for defined contribution (DC) plans to […]