VCG’s VANTAGE
A view into the latest Benefits and HR topics
17Sep 2019

Employers Are Expected to Spend More on Health Care and Wellness in the Next Year

Authors: |Benefits, In The Know, Workplace Wellness|0 Comments

According to Optum’s Wellness in the Workplace study, more than 80% of employers plan to spend more on health care and wellness in the next year than in previous years. Health Care Spending The cost of providing employer-sponsored health care has been steadily increasing over the years. According to the Kaiser Family Foundation, the average health insurance premium for family [...]

10Sep 2019

Bonuses Paid by Third Parties Excluded From Regular Rate for Overtime Calculation Purposes

Authors: |Compliance, Decision Making, Human Resources, In The Know|0 Comments

Perhaps the most frequently violated provision of the Fair Labor Standards Act is that law’s requirement that non-discretionary bonuses be included in non-exempt employees’ regular rate of pay used for purposes of calculating overtime pay. On August 20, the Third Circuit Court of Appeals concluded that incentive bonuses paid to employees by third parties were properly excluded from the regular [...]

3Sep 2019

A Dramatic Shift in Health Care Pricing Transparency

Authors: |Administration, Communications, Decision Making, In The Know, Technology|0 Comments

The Issue: On June 24, 2019, President Trump signed an executive order, which instructed the Department of Health and Human Services to publish rules requiring hospitals to publicly disclose their negotiated rates for services. On August 9, 2019, proposed rules were published by the Centers for Medicare and Medicaid Services ("CMS"). The Situation: The proposed rules require hospitals to make public via the [...]

27Aug 2019

What Am I Doing Wrong? Common FMLA Mistakes

Authors: |Benefits, Compliance, In The Know|0 Comments

In a recent opinion letter, the U.S. Department of Labor (“DOL”) Wage and Hour Division clarified its position on two points: (1) an employer may not delay the designation of FMLA-qualifying leave as FMLA leave, and (2) an employer is prohibited from designating more than 12 weeks of FMLA leave (or 26 weeks for military caregiver leave). The question posed [...]

20Aug 2019

IRS Decreases ACA Affordability Percentage for 2020

Authors: |Administration, Benefits, Compliance, Human Resources, In The Know|0 Comments

In the recently issued Revenue Procedure 2019-29, the Internal Revenue Service (IRS) reduced the applicable contribution percentage for the 2020 plan year. This percentage is used for purposes of determining whether an employer’s health insurance coverage is affordable under the Affordable Care Act (ACA). BACKGROUND Under the ACA, an applicable large employer will not be subject to an employer shared [...]