Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Puerto Rico Health Insurer Will Pay Record $3.5M HIPAA Settlement

A Puerto Rico health insurer agreed to pay $3.5 million in a HIPAA settlement after the U.S. Department of Health and Human Services, investigating multiple breach reports from the company, found what it called “widespread noncompliance” throughout the organization. Triple-S Management Corp. is an insurance holding company that offers many insurance products and services through […]

How Beneficiary Dispute Is Resolved Determines Overpayment for Death Benefits

By Todd Castleton Another recent court dispute among would-be beneficiaries highlights the options facing retirement plan administrators when distributing a deceased participant’s benefit. If two or more parties are claiming to be the rightful beneficiary of a deceased participant’s benefit, one option is to review all the facts and make a determination applying the plan’s terms through […]

What Should Be Included in a Total Compensation Statement?

Total compensation statements are a way to help employees understand how much the employer is investing in them. This goes far beyond the paycheck. As part of your compensation administration, it’s a great idea to include total compensation statements so that employees can understand the full extent of the organization’s investment. This leads to greater […]

The Cadillac Tax: Are You a Deer in the Headlights?

The Cadillac Tax is coming, and you need to make some decisions. One of the most controversial provisions of the Affordable Care Act (ACA), the Cadillac Tax, is an excise tax on “rich” health insurance benefits. As of 2018 when the tax begins, “rich” means a value that exceeds $10,200 for self-only and $27,500 for […]