Legislative News

Massachusetts Minimum Wage is Now $12.75 Per Hour as of Jan 1, 2020

2020-01-02T08:02:47-05:00January 2nd, 2020|Legislative News|

On New Years Day, the minimum wage in Massachusetts will increase from $12 an hour to $12.75. The rate will continue to bump up each year until it reaches $15 in 2023. The higher minimum wage will put added [...]

Legislative Update: Spending Bill Would Repeal Up To Three Obamacare Taxes

2020-01-02T07:51:09-05:00January 2nd, 2020|Employee Benefits, Employee Benefits Legislation, Legislative News, Small Business Health Insurance|

Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and the [...]

The 2019 ACA Reporting is Due in Early 2020: Final Forms and Instructions Released

2019-12-17T08:22:54-05:00December 17th, 2019|Employee Benefits Legislation, Legislative News|

The IRS has released final 2019 versions of Forms 1094-C, 1095-C, 1094-B, and 1095-B that employers will use in early 2020 to report on the group health insurance coverage they offered during the 2019 calendar year. Instructions on how to complete Forms 1094-C and 1095-C and Forms [...]

Tax Update: IRS Provides ACA Reporting Relief

2019-12-03T18:50:11-05:00December 3rd, 2019|Employee Benefits Legislation, Legislative News|

2019 Furnishing Deadline Delayed and Additional Transition Relief Granted The IRS has delayed the deadlines by which employers must furnish 2019 Forms 1095-C and 1095-B in early 2020. As a result: Employers with 50 or more full-time employees (including full-time equivalent employees) generally [...]

FSA Contribution and Other Benefits Limits Rise for 2020

2019-12-02T11:13:50-05:00December 2nd, 2019|Employee Benefits, Employee Benefits Legislation, Legislative News|

The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year. Since this announcement came so late in the year, some [...]

In Depth: The Massachusetts Paid Family Medical Leave Act (PFML)

2019-10-08T08:55:12-04:00October 8th, 2019|Benefits Administration, Employee Benefits Legislation, Legislative News|

As the Massachusetts Paid Family and Medical Leave (“PFML”) law enters the first quarter of PFML contributions, the Department of Paid Family and Medical Leave (“DFML”) has released additional guidance on the next steps for employers that have applied [...]

Massachusetts Paid Family and Medical Leave Payroll Deductions Begin Oct. 1, 2019

2019-09-23T12:39:58-04:00September 23rd, 2019|Benefits Administration, Legislative News|

For those companies employing Massachusetts workers, payroll withholdings to fund the leave program established by the Massachusetts Paid Family and Medical Leave Act (PFML) will begin Oct. 1, 2019. The PFML provides eligible employees with paid medical and family [...]