VCG’s VANTAGE
A view into the latest Benefits and HR topics
9Jul 2019

President Directs Agencies to Expand HSA and FSA Rules

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

In an Executive Order issued on June 24, 2019, President Trump directed several agencies to address a number of health care related matters through regulation.  This post discusses Section 6 of the Executive Order, which takes aim at Health Savings Accounts (HSAs), health care Flexible Spending Accounts (FSAs), and medical expenses generally. Health Savings Accounts HSAs provide a significant three-pronged tax benefit [...]

2Jul 2019

How Many Benefits are Included in the Calculation of Regular Rate? The World May Never Know

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

On March 28, 2019, the Department of Labor (“DOL”) issued a lengthy and detailed Notice of Proposed Rulemaking (“NPRM”) to revise the regulations governing how employers should calculate “regular rate” under the Fair Labor Standards Act (“FLSA”). Upon release, the DOL set a deadline for public notice and comment of May 28, 2019. However, citing the interest expressed by “law firms, unions, [...]

25Jun 2019

New Executive Order Attempts to Make Healthcare Prices More Transparent

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

Anyone who has tried to shop around for hospital services knows this: It's hard to get prices in advance. President Trump signed an executive order Monday that he says would make such comparisons easier, and make the pricing process more transparent. The order directs agencies to draw up rules requiring hospitals and insurers to make public more information on the prices they [...]

18Jun 2019

Planning For DOL’s Overtime Rules In A Tough Labor Climate

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

On March 7, 2019, the U.S. Department of Labor announced its proposed regulations on overtime that would render more than 1 million new workers eligible for overtime pay. Coupled with a historically tight labor market, this new rule has the potential to place even greater strain on employers already struggling to attract and retain new talent for their respective workforces. [...]

11Jun 2019

Recommended Practices for Employer-Provided Meals and Snacks in Light of Recent IRS Guidance

Authors: |Benefits, In The Know|0 Comments

The IRS continues to aggressively audit how free meals and snacks offered to employees in many workplaces are treated for federal tax purposes. Recent IRS guidance in this respect is Technical Advice Memorandum 201903017 (the TAM) published this spring. The TAM, which includes both employer-favorable and IRS-favorable provisions, is essentially the first guidance on employer-provided meals and snacks that the IRS has [...]