Category: Aisling University Employee Benefits Newsletters

Proposed Changes to Summary of Benefits and Coverage Requirements

New proposed rules would amend the requirements related to distribution of a summary of benefits and coverage (SBC). Under Health Care Reform, a group health plan (or the insurer) must provide employees with a standard SBC form explaining plan coverage and costs at specified times during the enrollment process and upon request.   Key Highlights […]

Reminder: Certificates Showing Prior Health Coverage for Employees No Longer Required Beginning December 31, 2014

As part of the federal Health Care Reform law, employer-sponsored group health plans are no longer permitted to apply pre-existing condition exclusion periods to individuals covered under the plan. A pre-existing condition exclusion period is the time period during which a health plan will not pay for care relating to a pre-existing health or medical […]

States Vote For Paid Sick Leave, Higher Minimum Wages & Legalized Marijuana

Voters in many states weighed in on important public-policy questions affecting employers and HR.   Paid Sick Leave Massachusetts voters approved a measure allowing workers at companies with at least 11 employees to earn paid sick time. The law goes into effect in July 2015, when workers can earn 1 hour of paid time off […]

2015 FSA Contribution Limits

The annual dollar limit on employee contributions to employer-sponsored health care Flexible Spending Accounts rises to $2,550 in 2015, up from $2,500 in 2014. The annual limit for dependent care FSA or dependent care assistance plans (DCAPs) will remain at $5,000 for qualifying individuals and those who are married and file a joint return, and […]

Office Holiday Parties: 7 Ways to Reduce Your Liability

Office holiday parties can build morale, offer opportunities for more casual interactions among workers, and reward employees for a productive year-but did you know they can also be a source of liability for your company? If you choose to have alcohol at your holiday party, consider the following tips to help keep you and your […]

2015 Plan Limits Announced

The IRS has announced cost-of-living adjustments affecting dollar limitations for retirement plans and related items for tax year 2015. Highlights include: The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans is increased from $17,500 to $18,000. The catch-up contribution limit for those aged 50 and over is increased from $5,500 […]

Online Access to Federal SHOP Expected to Begin November 15th

Online enrollment for small employers to purchase employee health coverage through the federally-facilitated SHOP Marketplace (Small Business Health Options Program) is expected to open on November 15, 2014. Small employers may work with their current agent or broker to apply for and enroll in coverage, so long as the agent or broker has completed the […]

Social Security Benefits to Increase in 2015

Monthly Social Security and Supplemental Security Income (SSI) benefits will increase 1.7 percent in 2015, the Social Security Administration has announced. The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that Social Security beneficiaries receive in January 2015, while increased payments to SSI beneficiaries will begin on December 31, 2014. Certain other changes that […]