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Category: HR
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Federal Employment Law Update – December 2016 | Pennsylvania Benefit Advisors
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President Obama Signs 21st Century Cures Act into Law On December 13, 2016, President Obama signed the 21st Century Cures Act (H.R. 6) into law. The law allows certain small businesses to use qualified small business health reimbursement accounts (HRAs) without Affordable Care Act (ACA) related penalties. Certain limits to the accounts would apply, including…
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Ask the Experts: Dealing With FSA Carryover Funds | Pennsylvania Employee Benefits
Question: If an employee has a small health flexible spending account (FSA) balance with a carryover to the next year, and the employee chooses not to participate in the new FSA year, can the employer force the employee to use those funds so as not to incur additional administrative fees in the next plan year? Answer:…
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New Law Allows Small Employers to Pay Premiums for Individual Policies | PA Benefit Advisors
This week, the U.S. Senate passed the 21st Century Cures Act which includes a provision allowing small businesses to offer a new type of health reimbursement arrangement for their employees’ health care expenses, including individual insurance premiums. The act was previously passed by the House and President Obama is expected to sign it shortly. The…
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The New HSA Under Trump’s Proposed Health Plan | PA Employee Benefits
With the election of a new President, health care plans and the fate of the Affordable Care Act are a hot topic of discussion. As part of his 7-tier health plan, President-Elect Donald Trump has proposed a shift in the way health savings accounts (HSAs) are offered to working Americans. Simply put, an HSA is…
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Pennsylvania Employment Law Update – November 2016 | PA Employee Benefits
Use of Payroll Cards On November 4, 2016, Pennsylvania Governor Tom Wolf signed legislation (S.B. 1265) governing the use of payroll cards by employers for payment of wages. Pursuant to the bill, when an employer pays wages by payroll card, the employer must provide employees with a written or electronic statement of earnings and deductions…
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IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B | PA Benefit Advisors
On November 18, 2016, the IRS released Notice 2016-70 to extend the due date for employers to furnish Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra 30 days to prepare and distribute the 2016 form to individuals. The due dates for filing forms with the IRS…
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Why Technology Plays an Important Role as Workplace Demographics Shift | PA Employee Benefits
As an increasing number of Baby Boomers retire and leave the workforce, millennials are positioned to take on more leadership roles in the business world. Millennials bring with them a unique and evolving knowledge of technology and innovative HR practices that differ greatly from their Baby Boomer predecessors. As managerial roles are transferred from the…
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6 Open Enrollment Considerations You Should Keep in Mind | PA Benefit Advisors
What better way to kick off our holiday-season stress than with talk of deductibles, coinsurance and high premiums? Welcome to open enrollment, where employees can re-evaluate their health care options each November. It’s a prime opportunity to secure better benefits and maximize savings; yet open enrollment is often underutilized. “Although it can be one of…
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Attention Employers: New Form I-9 Released | Pennsylvania Employee Benefits
On November 14, 2016, U.S. Citizenship and Immigration Services (USCIS) released a revised version of Form I-9, Employment Eligibility Verification (version 11/14/2016). All employers are required to complete and retain a Form I-9 for each employee to verify his or her employment authorization and identity. Employers should begin using the new Form I-9 immediately. However, employers may…
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What Employers Can Expect from the Trump Administration | Pennsylvania Employee Benefits
The U.S. Presidential race win by Donald Trump will impact labor, employment, and HR professionals in the key issues of immigration, paid leave, tax reform, and health care. Significant Shift in Immigration Policy Trump has been vocal about his stance on immigration in regard to deportation and illegal immigration. He also seeks to strengthen U.S.…
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