READ TIME: 10 MINUTES It is essential for an employer to correctly classify workers as employees or independent contractors for it to comply with federal, state, and local laws. Misclassifying employees can have significant financial and legal consequences for employers, leaving them open to liability for unpaid overtime pay, payroll taxes, unpaid benefits, for example. […]
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Benefits and Employment Briefing // Fall 2015
The Surprising Compliance Issues of High Deductible Health Plan/Health Savings Account Arrangements As the Patient Protection and Affordable Care Act (ACA) comes into complete fruition, many employers are offering to employees High Deductible Health Plans (HDHPs) and facilitating the establishment and funding of Health Savings Accounts (HSAs). Read more ACA Cadillac Tax: IRS Issues […]
Read moreDOL Issues Guidance on Classification of Independent Contractors
The Department of Labor (DOL) has issued an “Administrator’s Interpretation” to assist employers in determining if a worker is an employee or an independent contractor. The DOL has determined that many employers are incorrectly classifying employees as independent contractors, which can harm the worker and open the employer up to various liabilities. Unfortunately, there is […]
Read moreFrequently Asked Questions about Tracking Full Time Employees under Play or Pay
Q1: Must full time employees be tracked under the Patient Protection and Affordable Care Act’s (PPACA) play or pay rules? A1: All common-law employees must be tracked under play or pay rules, including ongoing full time employees. Q2: Why would you track employees that you know are full time? A2: Tracking full time employees gives […]
Read moreLast chance! Register now for our May Webinar – 1-2-3, Let’s Count Employees
Benefit Insurance Marketing is pleased to extend an invitation to attend our upcoming monthly compliance Webinar. In conjunction with our alliance with United Benefit Advisors, you have the opportunity to learn more about the latest compliance trends and regulations from one of the nations leading employment and benefit law firms, Jackson Lewis LLP. Best of all, you can […]
Read moreCounting Employees Under Health Care Reform – Free Webinar Access
ATTENTION EMPLOYERS! ASK YOURSELF THESE QUESTIONS: As an employer, am I subject to the ACA Employer Mandate? How do I determine if I’m over 50 employees? or over 100 employees? Who is a common-law employee? How do I count temporary employees? What is a variable-hour employee? What is a measurement period? When do I start counting? […]
Read moreAffordable Care Act Employer Penalties – Another Reason to Make Sure Workers are Properly Classified as Employees or Independent Contractors
Beginning in 2015, an applicable large employer that does not offer affordable minimum value group health coverage to its full-time employees (and their children up to age 26) will be vulnerable to employer shared responsibility penalties under Internal Revenue Code §4980H. Whether an employer is an “applicable large employer” depends on its number of full-time […]
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