We recently took a look nationwide at the best and worst health savings accounts (HSAs) for singles and families. When you slice the UBA survey data by industry, some big differences emerge there as well. Singles/families in the accommodation/food services industries received virtually no support from employers, with average HSA contributions at $149 and $172 … Continued
Question: If an employee of an applicable large employer takes an unpaid leave of absence (not Family and Medical Leave Act), what happens to their benefit eligibility during that time? Answer: The answer depends on whether the employer is using the measurement and lookback method of tracking employees or the monthly method. Measurement and lookback: … Continued
We’ve just released the latest findings from the UBA Health Plan Survey related to how health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are being used among employers. (Spoiler alert: California employers lead the way with the most generous account-based plans.) So which is faring better in the industry, HRAs or HSAs? The answer … Continued
An employer that offers minimum essential coverage to substantially all of its full-time employees may still owe penalties if the coverage it offers is inadequate because it is not “affordable” or it does not provide “minimum value.” It also may owe penalties on the employees it does not offer coverage to who receive a premium … Continued
On January 29, 2016, the Equal Employment Opportunity Commission announced the upcoming release of a proposed rule revising the Employer Information Report (EEO-1) to collect pay data from certain employers. Our partners at Constangy, Brooks, Smith & Prophete, LLP, have provided information explaining the proposed revision along with steps employers can take to prepare for … Continued
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