VCG’s VANTAGE
A view into the latest Benefits and HR topics
14Aug 2019

DOL Issues New Compliance Tools

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

The U.S. Department of Labor announced the launch of additional plain-language, user-friendly compliance assistance materials to help employers, workers, and other stakeholders understand their responsibilities and their rights under federal labor law. The Department's Wage and Hour Division (WHD) added a number of publicly available presentations to its website, covering topics such as the Fair Labor Standards Act, federal child labor requirements, [...]

6Aug 2019

Self-Insured Health Plans: Recent Trends by Firm Size, 1996-2018

Authors: |Human Resources, In The Know, Learning & Development, Strategy|0 Comments

This paper examines trends in the availability of and enrollment in self-insured health plans among private-sector establishments offering health plans and their covered workers, with a particular focus on 2013 to 2018, so as to assess whether the Patient Protection and Affordable Care Act of 2010 (ACA) might have affected these trends and more recent trends. The data come from [...]

30Jul 2019

DOL Issues Guidance on Payroll Rounding, Overtime Calculations, and Certain Paralegals

Authors: |Administration, Benefits, Compliance, Decision Making, In The Know|0 Comments

Employers looking for guidance on payroll rounding practices, classification of certain highly compensated paralegals, and calculating overtime where employees receive non-discretionary bonuses will be glad to know the Department of Labor (DOL) has issued three new Opinion Letters on those subjects. DOL Opinion Letters are issued by the Wage and Hour Division of the DOL and offer insight into the [...]

23Jul 2019

New HRA Rules: What Employers Need to Know

Authors: |Administration, Benefits, Compliance, Decision Making, In The Know|0 Comments

Starting in 2020, employers will be able to offer health reimbursement arrangements (HRAs) that work in conjunction with individual coverage or Medicare without running afoul of the Affordable Care Act’s (ACA) market reform rules. These individual coverage HRAs (ICHRAs) could be used to pay for out-of-pocket expenses, premiums for Medicare, or individual policies purchased through or outside an ACA marketplace. [...]

16Jul 2019

PCORI FEES DUE JULY 31, 2019

Authors: |Compliance, In The Know|0 Comments

The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). The PCORI fees do not apply for plan years ending on or after Oct. 1, 2019. Therefore, the 2018 plan year was [...]