Deerfield, IL (July 11, 2019) – Austin & Co., Inc., (Austin & Co.), announced that they have joined Alera Group, a leading national insurance firm, effective July 1, 2019. The acquisition enhances Austin & Co.’s employee benefits and property & casualty expertise, giving them further resources to serve the local community. Terms of the transaction… Continue reading Austin & Co. Joins Alera Group, Inc.
On June 13, 2019, the Departments of Labor, Health and Human Services, and the Treasury released an advance copy of a Final Rule on Health Reimbursement Arrangements (HRAs). It will be published in the Federal Register on June 20, 2019. The rule expands the types of HRAs that can be offered starting in 2020. Background… Continue reading Two New Types of HRAs Coming for 2020
On May 28, 2019, the IRS released Revenue Procedure 2019-25 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2020. These limits include: The maximum HSA contribution limit; The minimum deductible amount for HDHPs; and The maximum out-of-pocket expense limit for HDHPs. These limits vary based on… Continue reading HSA Limits Increase for 2020
To maintain health savings account (HSA) eligibility, an individual who is working and age 65 or older must: Not apply for or waive Medicare Part A, and Not apply for Medicare Part B, and Waive or delay Social Security benefits. For example, if a person delays Social Security benefits and delays Medicare Part A and… Continue reading How does a person who is 65 years old or older maintain HSA eligibility and continue working?
On April 25, 2019 U.S. District Judge Tanya Chutkan ordered the EEOC to collect 2 years (2018 and either 2017 or 2020) of hours and pay data in connection with the Revised EEO-1 Report (“Component 2”) by September 30, 2019. The court gave the EEOC until May 3rd to announce what years it will collect Component 2 data. On… Continue reading 2017 and 2018 Pay and Hours Data To EEOC By September 30, 2019
Given the recent measles outbreak and state of emergency declared in Rockland County, New York, what steps are you taking to prepare for the possibility of a case within your workplace or community? As an employer, you have a responsibility to protect your employees from health and safety hazards, and part of that responsibility includes being… Continue reading Measles Outbreak…Are You Ready?
Combined with rising tuition costs, more people are attending college than ever before. Millennials—those born between 1980 and 2000—are the most educated generation in U.S. history. Sixty-one percent of millennials have attended college compared to 46 percent of baby boomers. That education, though, has come at a high price. The class of 2017 graduated with an average of $39,500 in student debt.
In addition to mounting student debt, millennials entered the job market in the aftermath of the recession. As a result, they had fewer job opportunities and many millennials accepted jobs at lower starting salaries—leaving them with less money than previous generations.
We are proud to announce that an unprecedented 19 team members at our firm have recently earned the “Certified School Risk Manager” designation. For several years, our Property & Casualty team has studied and tested in an intensive risk management curriculum to earn their “CSRM” certification. The coursework is specific to school risks, and is… Continue reading Austin Team Earns Certified School Risk Manager Credentials!
On March 4, 2019, the U.S. District Court for the District of Columbia issued a ruling in National Women’s Law Center v. Office of Management and Budget (Civil Action No. 17-cv-2458) vacating: The Office of Management and Budget’s (OMB) stay of the Equal Employment Opportunity Commission’s (EEOC) revised EEO-1 form; and “Stay the Effectiveness of the EEO-1 Pay Data Collection”, 82… Continue reading EEO-1 Pay Data Collection Requirement Reinstated