Bulletins

Employers must follow guidelines when issuing MLR rebates

Area insurers are beginning to issue 2018 plan year medical loss ratio (MLR) rebates. The Affordable Care Act requires insurers to meet MLR requirements each year. If an insurer doesn’t meet the minimum MLR (spend 80 to 85 percent of its premium dollars on health care or activities that improve...

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IRS to lower 2020 affordability rate

The IRS recently lowered the affordability threshold for the 2020 calendar year to 9.78% of household income from the 2019 threshold of 9.86%. This percentage is used to determine an individual’s eligibility for a premium tax credit and the affordability of employer-sponsored coverage. 

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Colorado bans the box

Beginning in September 2019, Colorado employers can no longer ask about an applicant’s criminal history on an initial job application. The legislation applies to all public and private sector employers, however, employers with fewer than 11 employees have until September 2021 to comply. The act...

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DOL issues update on joint-employer relationship

A lot has changed in the workplace since the Department of Labor issued its 1958 rule on joint-employer relationships under the Fair Labor Standards Act (FLSA). In April 2019, the DOL announced a proposed rule to clarify the responsibilities of employers and joint employers regarding minimum...

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KCMO bans salary-history inquiries

Beginning October 31, 2019, employers in Kansas City, Missouri, will be prohibited from requesting salary history information from job applicants. This change is an attempt to address pay inequalities in the workplace. The ban is applicable to employers with six or more employees.

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IRS announces 2020 HSA limits

Contribution limits for Health Savings Accounts (HSAs) will bump up $50 for self-only coverage and $100 for family coverage, the IRS recently announced. HSA contribution and plan limits will increase to $3,550 for self-only coverage and $7,100 for family coverage.

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Annual PCORI fee due July 31, 2019

Employers who are responsible for paying the annual Patient-Centered Outcomes Research Institute (PCORI) Trust Fund fee should use the updated Form 720.  The PCORI fee must be reported annually on the second quarter Form 720 and paid by the July 31 due date.

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Revised EEO-1 pay-data requirement upheld

Regulations requiring employers to collect and report wage information by race, gender and ethnicity were reinstated by a federal judge on March 4. The ruling will apply to all employers required to file an EEO-1 report, which includes all companies with over 100 employees as well as federal...

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IRS issues new 401(k) hardship withdrawal guidance

New hardship withdrawal guidance makes 401(k) accounts more accessible for participants experiencing financial distress. The changes are intended to make rules more flexible for those under severe financial strain and in immediate need of relief.

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DOL issues awaited overtime rule proposal

On March 7, the Department of Labor issued a proposed ruling making overtime pay mandatory for workers earning less than $35,308 per year. This ruling ensures eligible employees earn time-and-a-half pay for hours exceeding a 40-hour workweek. Currently, the salary threshold for overtime sits at...

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