Legislative News

DOL Increases Penalties for Group Health Plan Violations

2020-01-22T12:40:40-05:00January 22nd, 2020|Benefits Administration, Employee Benefits Legislation, Legislative News|

2020 DOL Penalty Amounts for ERISA Violations Issued The U.S. Department of Labor (DOL) has increased the penalties employers face under ERISA for group health plan reporting and disclosure failures. These new amounts apply to penalties assessed after Jan. [...]

Quick Notes: Massachusetts Labor Compliance for 2020

2020-01-14T18:34:56-05:00January 14th, 2020|Legislative News, Massachusetts News|

As of January 1, Massachusetts employers have a number of new compliance issues facing them. Per existing statute, the Massachusetts minimum wage increased to $12.75 per hour for non-exempt employees, and tipped employees must now be paid at least $4.95 [...]

A Conversation: Does the New Hampshire Road Usage Bill Punish Owners of Fuel-Efficient Cars?

2020-01-07T17:31:48-05:00January 7th, 2020|Legislative News, New Hampshire News, Roads and Infrastructure News|

We want to share with you an opinion piece about the New Hampshire Road Usage Bill (House Bill 478 and House Bill 1649) and whether or not it sends the right message to owners of fuel efficient cars. We [...]

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 [...]