2020 Minimum Wage Rates by State
OVERVIEW The current federal minimum wage rate is $7.25 per hour. However, many states have adopted minimum wage rates higher than the federal rate. When the state rate and the federal rate are different, employers…
OVERVIEW The current federal minimum wage rate is $7.25 per hour. However, many states have adopted minimum wage rates higher than the federal rate. When the state rate and the federal rate are different, employers…
FSA Contribution and Other Benefits Limits Rise for 2020 The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from…
Tips for Sticking to Your Diet During the Holidays The holidays bring to mind thoughts of family, friends, fun and food. However, each year, millions of Americans struggle to maintain their waistlines during the holidays…
IRS Announces Employee Benefit Plan Limits for 2020 OVERVIEW Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the…
Summary of the 2019 Employer Health Benefits Annual Survey Each year, the Kaiser Family Foundation and the Health Research & Educational Trust conduct a survey to examine employer-sponsored health benefit trends. This article summarizes some…
It’s That Time of the Year Again: Flu Season Is Here The arrival of the fall and winter months signals many things, including the beginning of flu season. According to the Centers for Disease Control…
The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value for their premium dollars. The MLR rules require health insurance issuers…
OVERVIEW Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health…
1 in 5 Deaths Worldwide Associated With Poor Diets According to a recently published study, 11 million deaths in 2017 were attributable to dietary risk factors.That total number translates to one-fifth of the world’s total…
EXECUTIVE ORDER ON HEALTH COSTS TO AFFECT EMPLOYER HEALTH PLANS FINAL RULE EXPANDS OPTIONS FOR HRAs Health officials issued a final rule that expands the usability of health reimbursement arrangements (HRAs). Effective in 2020, the…