Among other things, the new Paid Family Leave website contains information on: The phase-in timeline for Paid Family Leave benefits; Eligibility for benefits; Benefit amounts and calculations; and FAQs. Click here to view the new website. Background New York has enacted a Paid Family Leave law that will apply to employers of all business sizes. When the law is fully phased in over the next several years,… Continue reading NY Launches Website on New Paid Family Leave Law
On June 22, 2017, the United States Senate released a “Discussion Draft” of the “Better Care Reconciliation Act of 2017” (BCRA), which would substitute the House’s House Resolution 1628, a reconciliation bill aimed at “repealing and replacing” the Patient Protection and Affordable Care Act (ACA). The House bill was titled the “American Health Care Act… Continue reading Senate Releases Proposed Healthcare Bill; Differs from House AHCA
Austin & Co. will be closed for the afternoon of June 15th due to loss of power. If you have an urgent matter, please call one of the following individuals on their cell phones: Property and Casualty – Mike Brooks, 518-369-2128 – Tina Payne, 518-331-5599 – Shawn Berger, 518-937-8576 – Donna Kurz, 518-937-6249 – Colleen… Continue reading Austin & Co. Closed 6/15/17 Due To Power Loss
The Section 125 cafeteria plan regulations and the Patient Protection and Affordable Care Act (ACA) require employers to take certain actions when an employee reduces hours. Consider this scenario: An employer has an employee who is reducing hours below 30 hours per week. The employee is performing the same job and duties. The employee was… Continue reading What Happens to Coverage When Employees Reduce Their Hours?
Withdrawals Effective June 7, 2017 The United States Department of Labor (DOL) has announced the withdrawal of both its 2015 guidance regarding independent contractors and its 2016 guidance regarding joint employment. Cautionary note: Still in effect are the common law rules used by the IRS to determine whether a worker is an employee or independent contractor for purposes… Continue reading DOL Withdraws Guidance on Independent Contractors and Joint Employment
The ACA’s employer shared responsibility or “pay or play” rules require applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time equivalent employees (and dependents) or pay a penalty. The affordability of health coverage is a key point in determining whether an ALE will be subject to a penalty. Employer-sponsored coverage is… Continue reading ACA Affordability Percentage Reduced for The First Time in 2018
On June 1, 2017 the Superintendent of DFS and the Chair of the Workers’ Compensation Board determined that New York’s Paid Family Leave program will be community rated. This ensures that all employees are similarly treated and are not subject to cost variations based on age, gender, location, or any other demographic factor. There will… Continue reading NY Paid Family Leave Rates Released
The HSA contribution limits will increase effective January 1, 2018, while the HDHP limits will increase effective for plan years beginning on or after January 1, 2018. 2017 2018 Change HSA Contribution Limit Single Coverage $3,400 $3,450 Up $50 Family Coverage $6,750 $6,900 Up $150 HSA Contribution Catch Up Age 55+ $1,000 $1,000 No Change HDHP… Continue reading HSA and HDHP Limits for 2018