Gaps in Planning Impact Ability to Manage Benefits Costs, Says Study
A new study explores the complexity of managing benefits and the value of multiyear planning to better position Human Resources as business strategists to the executive suite.
Tag: benefits
To Do: Help Open Enrollment Get Noticed with Video
Did you end last year’s open enrollment with a list of things you wanted to improve? One prominent item on HR’s list of open enrollment enhancements is often the use of video communication. If it’s on your list, read on. In fact, if video isn’t on your list (or even your radar), read on anyway. You may find reasons to add it before we’re through.
Cafeteria Plan Forfeitures Explained By IRS
Some light was shed on the rules related to cafeteria plan forfeitures when the plan sponsor ceases operations and terminates the plan, in Information Letter 2016-0077, issued earlier this year by the Internal Revenue Service (IRS).
How Eliminating the Performance Appraisal Impacts Recruiting
There has been a great deal of debate in recent years about eliminating the performance appraisal, as well as confusion about what steps various companies have already taken.
IRS Addresses Another HSA-Medicare Issue
A few months ago, the Internal Revenue Service (IRS) clarified in Information Letter 2016-0082 how Medicare enrollment and health savings account (HSA) eligibility sometimes collide when an employee retires shortly after turning the age of 65. More recently, the IRS provided guidance on another overlap between Medicare and HSAs—a rehire after Medicare enrollment.
Gender Identity: Does Title VII Cover Dependent’s Insurance Coverage?
The U.S. 8th Circuit Court of Appeals—which covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota—recently affirmed a lower court’s dismissal of a nurse’s lawsuit against her employer and its insurer, in which she claimed that the denial of insurance coverage for her son’s gender reassignment treatment amounted to sex discrimination.
Who Are Today’s Job Seekers?
A new study from Jobvite, a leading provider of recruiting software, seeks to answer that question, while examining American job seekers’ experiences.
IRS Confirms Health FSAs Cannot Reimburse Medicare and Insurance Premiums
One key difference between health savings accounts (HSAs) and health flexible spending accounts (FSAs) is that in some circumstances HSAs can reimburse Medicare and other insurance premiums; health FSAs cannot. Recent guidance from the Internal Revenue Service (IRS) in Information Letter 2017-0004 confirmed this fact.
‘Ditch Witch’ Ordered to Pay Nearly $200K in Restitution to Profit-Sharing Plan
Based on an investigation conducted by the Employee Benefits Security Administration (EBSA), the U.S. Secretary of Labor filed a civil complaint against Ditch Witch Equipment of Tennessee Inc., an underground utility construction equipment company, and Aubrey Needham, trustee of the company’s profit-sharing plan on April 29, 2014. According to a Department of Labor (DOL) press […]
Is Your Cafeteria Plan Document Full of Plot Holes?
Unlike summer blockbuster movies with a large cast of key characters, benefit plan documentation has just three: the plan document under the Employee Retirement Income Security Act (ERISA), the summary plan description (SPD), and the Internal Revenue Code Section 125 cafeteria plan document.