All Items: Employee Benefits

  • IRS Announces 2015 Inflation Adjustments to Fringe Benefits, Other Taxable Amounts

    31 October 2014

    The IRS has announced the annual cost-of-living adjustments made to several employee benefits and taxable amounts, based on changes to the Consumer Price Index. These are the maximum amounts that may be excluded in 2015 from an employee's taxable income for specific benefits.

  • 2015 Pension Plan Limits Announced, 401(k) Deferral Limit Increases to $18,000

    24 October 2014

    The Internal Revenue Service has announced the tax year 2015 cost-of-living adjustments affecting dollar limitations on benefits and contributions under qualified retirement plans and other inflation-adjusted amounts. Many of the pension plan limitations will increase for 2015 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. Other limitations will not change because the relevant thresholds were not met.

  • Social Security Wage Base Increasing to $118,500 for 2015

    23 October 2014

    The Social Security Administration has announced that the Social Security taxable wage base will be $118,500 for 2015, as adjusted for inflation. As in prior years, there is no limit on the amount of wages subject to Medicare tax withholding. The Social Security and Medicare (FICA) tax rates will not change for 2015.

  • Wal-Mart to End Health Care Benefits for 30,000 Part-Time Employees

    13 October 2014

    Effective January 1, 2015, Wal-Mart will stop providing health insurance to part-time employees who work fewer than 30 hours per week.

  • EEOC Files Another Challenge of Employer Wellness Program Under ADA

    08 October 2014

    The EEOC has filed a second lawsuit claiming an employer's wellness program violated the Americans with Disabilities Act (ADA).

  • Oklahoma Judge Rules Against ACA Federal Exchange Subsidies

    02 October 2014

    An Oklahoma federal judge ruled in State of Oklahoma v. Burwell that Affordable Care Act (ACA) premium subsidies are illegal for individuals who purchase health insurance coverage through the federal exchange.

  • ACA, HIPAA Excepted Benefits Final Rules Released

    01 October 2014

    On October 1, the Departments of the Treasury, Labor and Health and Human Services published final rules regarding excepted benefits under the Employee Retirement Income Security Act (ERISA), Internal Revenue Code (IRC) and Public Health Service Act (PHSA), as amended by the Health Insurance Portability and Accountability Act (HIPAA) and Affordable Care Act (ACA). The rules specifically cover vision and dental benefits and employee assistance program (EAP) benefits.

  • Cafeteria Plans May Allow Employee Revocation of Health Coverage for ACA Exchange Plan

    25 September 2014

    The Internal Revenue Service (IRS) released guidance permitting employers to allow employees to revoke their election of employer-sponsored health care coverage under a § 125 cafeteria plan in order to purchase coverage in a health insurance exchange (or marketplace) established under the Affordable Care Act (ACA).

  • HHS Releases HIPAA and Same-Sex Marriage Guidance in Light of Windsor

    24 September 2014

    The US Department of Health and Human Services (HHS) Office for Civil Rights (OCR) released guidance addressing the effect of United States v. Windsor on the Health Insurance Portability and Accountability Act (HIPAA) Privacy Rule. Covered entities (and business associates, as applicable) must understand how the Privacy Rule applies to lawfully married same-sex spouses in light of Windsor.

  • IRS, Treasury Propose Ways to Apply ACA Look-Back Measurement Method in Certain Situations

    23 September 2014

    The Internal Revenue Service and Treasury Department have proposed ways to apply the look-back measurement method for determining if an employee is a full-time employee for Affordable Care Act purposes when the measurement period applicable to the employee changes.

About this category

News: HR and legal considerations for employers regarding employee benefit programs. Support on following regulations and requirements on this topic.