Category Archives: Benefits and Benefits Administration

Nov 15, 2016  |   By Amy Thomson →

The New FLSA Salary Threshold for Exempt Employees: Are You Prepared for the Impending Changes?

Earlier this year, the U.S. Department of Labor published a new rule that will increase the salary requirements for “exempt” employees under the Fair Labor Standards Act. The time for complying with the new rule is just around the corner – the regulation goes into effect on December 1, 2016 regardless of the pending new presidential administration. What must you know as an employer and     Continue reading

Posted in Benefits and Benefits Administration, Fair Labor Standards Act, Featured, General Business, Hiring and On-boarding, Overtime, Uncategorized, Wage Payment, Worker Classification   |  

Jul 7, 2015  |   By Elizabeth Sigler →

Employment Law Quick Hits

Affordable Care Act The U.S. Supreme Court affirmed the Fourth Circuit Court decision in King v. Burwell, holding that individuals who get their health insurance through the federal government exchange will be eligible for tax subsidies under the Affordable Care Act. The decision leaves employers in largely the same position they’ve faced since ACA’s passage, though it clarifies that they cannot avoid shared responsibility penalties     Continue reading

Posted in Benefits and Benefits Administration, Fair Labor Standards Act, Family & Medical Leave Act (FMLA), Featured, GINA, Wage Payment, Worker Classification   |  

Apr 7, 2015  |   By Clancy Mendoza →

Employee Benefits Are Tricky Business: Are you as compliant as you think you are?

Employers offering employee benefits to their employees are required to meet virtually innumerable legal requirements under the Employee Retirement and Income Security Act (“ERISA”), the Patient Protection and Affordable Care Act (“ACA”), the Internal Revenue Code, as well as dozens of other federal and state laws related to benefits.  These requirements fall into three categories of compliance: Document Requirements Operational/Administrative Requirements Coverage Requirements Most employers     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Document Retention, Featured, Uncategorized   |  

Jan 4, 2014  |   By Elizabeth Sigler →

Benefits Basics: Decoding the Alphabet Soup of Plan Documents

The Employee Retirement Income Security Act (ERISA) is a complex and detailed federal law governing the administration of employee benefits. ERISA’s application to a particular plan is itself a complex issue, but the law generally governs pension, “welfare benefit,” and profit sharing plans employers offer their employees, and is supplemented by other federal statutes with which you may be already familiar, such as HIPAA and     Continue reading

Posted in Benefits and Benefits Administration, COBRA, Featured   |  

Sep 25, 2013  |   By Elizabeth Sigler →

Quick Reminder to FLSA-Covered Employers: Distribute ACA Exchange Notices to Employees by October 1st

The Department of Labor has issued temporary guidance outlining the requirements of the notice provision that the Affordable Care Act (ACA) added to the Fair Labor Standards Act (FLSA). Under FLSA Section 18B, employers must distribute notices announcing the existence of the Health Insurance Marketplace (i.e., the “Exchanges”) created by Health Reform, and explaining the effect of an employee’s participation in the marketplace on his     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Fair Labor Standards Act, Featured, Posting Requirements   |  

Aug 13, 2013  |   By Millennium Benefits Consulting →

HIPAA Final Regulations – Quick Overview

On January 17, 2013, the Department of Health and Human Services released final regulations which provided sweeping changes to the rules under privacy, security, enforcement, and breach notification requirements of the Health Insurance Portability and Accountability Act (“HIPAA”), the Health Information Technology for Economic Health (“HITECH”) and the Genetic Information Nondiscrimination Act (“GINA”). “Covered entities”, as defined by these regulations, must implement the new revisions     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Featured, GINA, Uncategorized   |  

May 29, 2013  |   By Millennium Benefits Consulting →

Health Care Reform – What Does It Mean to You?

Over the past few years, employees across the country have been raising questions about health care reform and how it will impact them. The following communication has been created to help inform and educate employees about the possible changes that may affect them in the future. What is Health Care Reform?  The Affordable Care Act was passed by Congress and then signed into law by     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Featured, General Business, Pregnancy, Worker Classification   |  

Jan 20, 2013  |   By Millennium Benefits Consulting →

Employer-provided Life Insurance as Imputed Income

As an employer, you’re likely aware of the requirement of managing and calculating “imputed income” for your employees.  This requirement of the IRS applies to employees who are covered by an employer-provided benefit of more than $50,000 in term life insurance.  This requirement is tedious and challenging, especially if you have a payroll or software service, however it is one that must be administered.  This     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Featured   |  

Oct 11, 2012  |   By Millennium Benefits Consulting →

ALERT – Benefits Compliance Deadline October 15

    Employer Benefits Compliance – October 15th Deadline Medicare D Creditable Coverage Notification If you are an employer who provides prescription drug coverage as part of your benefit package, you are required under the Medicare Modernization Act to annually disclose to your Medicare-eligible population whether the pharmacy plan is “creditable” or “non-creditable”.  “Creditable” means the prescription drug coverage provided meets or exceeds the Medicare     Continue reading

Posted in Benefits and Benefits Administration, Featured, Guest Writers   |  

Aug 19, 2012  |   By Millennium Benefits Consulting →

Open Enrollment: A Fresh Look

Millenium Benefits Consulting offers a different perspective on what is normally one of the biggest headaches in an employer’s year.  Take a quick look to see if it helps… Yikes – Open Enrollment is just around the corner! Yep, it’s true – for plans renewing on January 1, 2013 – open enrollment is right around the corner.  Most employers and employees alike dread the open     Continue reading

Posted in Benefits and Benefits Administration, Featured, General Business, Guest Writers   |