Average student loan balances across the country continue to rise, which leaves many new employees struggling with debt before they’ve even managed to start their first full-time role. This weighs heavily on the minds of many job applicants and is one of the reasons some employers have started offering student loan assistance as a benefit […]
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The U.S. Department of Labor (DOL) confirmed that neither it nor the Internal Revenue Service (IRS) would punish prohibited transaction exemption (PTE) violations by investment advice professionals who are fiduciaries working in good faith to comply with impartial conduct standards.
A new survey conducted among 1,100 American workers reveals their need for education and guidance when it comes to their healthcare benefits. The survey, conducted by Zogby Analytics on behalf of WEX Health, a healthcare financial technology platform provider, sought information about how consumers view and engage with their healthcare benefits by asking workers about […]
In 2016, overall national health spending increased 4.3% following 5.8% growth in 2015, according to a study by the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS). Following Affordable Care Act (ACA) coverage expansion and significant retail prescription drug spending growth in 2014 and 2015, says CMS, healthcare spending growth […]
In contrast to the turmoil in the individual health plan market, employer health plan sponsors extended their run of low annual cost increases in 2017, according to a new survey of 2,481 public and private employers with at least 10 employees.
If an employee comes to work sick (as in the flu, fever, vomiting, etc.), do we have the right to send that employee home and make them use their Paid Time Off (PTO)? Or are we obligated to paying a sick employee if we decide to send them home?
In late 2015 and early 2016, the Congressional Budget Office (CBO) and the staff of the Joint Committee on Taxation (JCT) estimated the budgetary effects of H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act of 2015, which would repeal portions of the Affordable Care Act (ACA)—eliminating, in two steps, the law’s mandate penalties and […]
by Peyton S. Irby, Jr. A recent decision by the U.S. 5th Circuit Court of Appeals—which covers Louisiana, Mississippi, and Texas—discussed a scenario in which an employer moved fairly slowly in engaging in the interactive process and providing reasonable accommodations. Let’s see what happened.
You might have invested in a learning management system and a wide array of cutting-edge training programs. But, if your organization is like companies in a recent survey, you might be overlooking one of the most valuable training resources at your disposal—your employees, that is.
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.