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Tag: employers
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Breaking News: Costly Overtime Rule Struck Down | PA Benefit Advisors
On August 31, 2017, Federal District Court Judge Amos Mazzant overturned the Fair Labor Standards Act (FLSA) Final Overtime Rule that would have doubled the annual salary level to qualify for exemption from overtime from $23,660 to $47,476. The same judge issued an injunction stopping implementation of the final rule nine months ago, and the…
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DOL Guidance for Benefit Plans Impacted by Hurricane Harvey | PA Benefit Advisors
The U.S. Department of Labor has issued compliance guidance for benefit plans, employers and employees, and service providers who are impacted by Hurricane Harvey. The guidance generally provides relief from various ERISA requirements and time limits for entities in the disaster area. This follows the Internal Revenue Service (IRS) announcement extending certain filing dates, including…
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Court Orders the EEOC to Reconsider Its Wellness Program Rules | PA Benefit Advisors
On August 22, 2017, in AARP v EEOC, a federal court found that regulations allowing employers to offer large incentives under workplace wellness programs were arbitrary. The court did not vacate (nullify) the rules due to concerns about disrupting employers’ existing programs. Instead the court has ordered the responsible agency, the Equal Employment Opportunity Commission…
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Separating Fact From Fiction When It Comes to Long-Term Care Insurance | PA Benefit Advisors
Few people are prepared to handle the financial burden of long-term health care. In fact, many people have a false sense of security when it comes to long-term care. Let’s separate fact from fiction: “Medicare and my Medicare supplement policy will cover it.” FACTS: Medicare and “Medigap” insurance was never intended to pay for ongoing,…
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Time to Start Filing Your EEO-1 and VETS-4212 Reports | PA Benefit Advisors
The following is a blog published by Louise Davies, an Affirmative Action Paralegal in the Winston-Salem, North Carolina, office of Constangy, Brooks, Smith & Prophete, LLP. It’s that time of the year! No, back-to-school is still a few weeks away. It’s time for employers to start filing their EEO-1 and VETS-4212 reports. The filing period for the EEO-1…
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5 Things Millennials Need to Know About Life Insurance | PA Benefit Advisors
Being catapulted into the adult world is a shock to the system, regardless of how prepared you think you are. And these days, it’s more complicated than ever, with internet access and mobile devices being must-have utilities and navigating tax forms when they aren’t as “EZ” as they used to be. Maybe you’re still living…
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What Is Comprehensive Medical Insurance? | PA Benefit Advisors
Comprehensive medical plans originated in the 1930s with industrialists Henry Kaiser and Dr. Sidney Garfield. Dr. Garfield, at Kaiser’s request, created a health plan to protect the workers of the Grand Coulee Dam. They expanded the healthcare plan in the 1940s to include Kaisers numerous shipbuilders. By the end of World War II, other employers…
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USCIS Releases Revised Version of Form I-9 | PA Benefit Advisors
On July 17, 2017, the U.S. Citizenship and Immigration Services (USCIS) announced the publication of a revised version of Form I-9, Employment Eligibility Verification. What Employers Need to Know Employers may use the new form, with a revision date of 07/17/17 N now. Using new form is mandatory on September 18, 2017 to avoid fines.…
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The Effects of Not Having Health Insurance on Personal Finances | PA Benefit Advisors
Insurance has become the method by which most Americans have their health-care costs paid. By paying a regular monthly bill for health insurance, the cost of expected health care events is spread out into even payments and the cost of major unexpected medical incidents is absorbed by insurance. Lack of health insurance can have a…
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What Is the Importance of OSHA in the Workplace? | PA Benefit Advisors
The Occupational Safety and Health Administration, or OSHA, was established in 1970 to encourage employees and employers to decrease workplace hazards. OSHA recommends that both parties cooperatively establish workplace-specific safety standards. The agency also establishes training programs for occupational safety and health personnel. Finally, OSHA oversees research to find new approaches to workplace safety and…
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