New Overtime Rule

In 2014, President Barack Obama directed the Department of Labor to update the overtime regulations for exempt employees. The Intent was to simplify and modernize the rules to make it easier for worker’s and business owners to understand the new regulations and apply them.
A final rule was issued and is as follows:
The final rule will:

  • Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year).
  • Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
  • Strengthen overtime protections for salaried workers already entitled to overtime.
  • Provide greater clarity for workers and employers.

There are a few months for employers to prepare, as the final rule will become effective on December 1, 2016. Please note that the final rule does not make any changes to the duties test for executive, administrative and professional employees.
For more information on the exemption tests for minimum wage and overtime pay provided by Section 13(a)(1) of the Fair Labor Standards Act as defined by Regulations, 29 CFR Part 541., as well as the DOL’s Guidance with the Overtime Final Rule, please visit our website for the publications.
As always, should you have any questions on this, feel free to contact Sally Saenz in the HR Department at (888)785-4018.
Thank you.

general-guidance

fs17a_overview

fs17b_executive

W-2 Reprints

Important W-2 Information!

**IMPORTANT UPDATE 2/16/18**

All 2017 W-2’s have been sent out. We are now taking Reprint Request, but we will not start printing until February 15th 2018 . Instructions are found below. Please remember if you are asking for a 2017 W-2 because you have not received it for any reason there is NO FEE. Any other year please pay the fee below.

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Health Insurance Marketplace Calculator

Health Insurance Marketplace Calculator

Financial Help for Health Insurance Coverage through Marketplaces

UPDATED: The Health Insurance Marketplace Calculator is now based on 2015 premium data.

The Health Insurance Marketplace Calculator provides estimates of health insurance premiums and subsidies for people purchasing insurance on their own in health insurance exchanges (or “Marketplaces”) created by the Affordable Care Act (ACA). With this calculator, you can enter your income, age, and family size to estimate your eligibility for subsidies and how much you could spend on health insurance. You can also use this tool to estimate your eligibility for Medicaid. As eligibility requirements may vary by state, please contact your state’s Medicaid office or Marketplace with enrollment questions.

Obama Administration Closing Health Law Loophole For Plans Without Hospitalization

By Jay Hancock | November 4, 2014

Updated at 4:49 p.m.

Closing what many see as a loophole that could trap millions of people in sub-standard insurance, the

Obama administration said Tuesday that large-employer medical plans lacking hospital coverage will not

qualify under the Affordable Care Act’s toughest standard. It also offered relief to workers who may be

enrolled in those plans next year.

The administration will rule that plans without “substantial coverage for in-patient hospitalization services”

do not meet the law’s “minimum value” threshold, the Treasury Department said in a notice Tuesday

morning. It will issue final regulations saying so next year, it said.

“It’s good news for employees,” said Sabrina Corlette, project director at Georgetown University’s Center

on Health Insurance Reforms. “They shouldn’t be stuck with subpar coverage.”

Hundreds of employers with low-wage workers such as retailers and temporary-staffing companies have

been preparing to offer such plans for 2015, the first year large companies are liable for fines if they don’t

provide minimum coverage.

Unlike insurance sold to individuals and small employers, large companies aren’t required to offer the

ACA

Health Care Reform

health law’s “essential health benefits,” including hospital services. But most analysts assumed that the

minimum value calculator — testing whether insurance pays at least 60 percent of expected medical costs

for a given plan — would require hospital care. It didn’t.

Although the insurance costs half as much as similar coverage including hospitalization, an online

calculator published by the Department of Health and Human Services certifies it as passing the law’s

minimum-value standard, Kaiser Health News and The Washington Post reported two months ago. Many

see the calculator as flawed.

Numerous large employers have already committed to such coverage for next year, brokers say. Some

have enrolled workers for insurance beginning in October.

Responding to industry pleas, the administration agreed to allow those plans for a year if employers

committed to them before Nov. 4. But officials also moved to give their workers an affordable alternative,

granting an exception to the rule that would have barred them from premium subsidies if they opted

instead to buy insurance on the health law’s online marketplaces.

Under the health law, employees offered minimum-value coverage at work are ineligible for federal tax

credits in online insurance marketplaces. “In no event” will workers given an employer plan

without hospital coverage be disqualified from the subsidies, Treasury said Tuesday. ‘It’s a very positive, constructive,

sensible step,” said Edward Lenz, senior counsel for the American Staffing Association, a trade group for

temp and recruiting companies. “The key is that everybody’s going to be held harmless” — companies

that have committed to the plans as well as workers wanting to buy their own, subsidized insurance with

broader coverage.

Something like half the association’s 1,600 members, who employ 3 million on any given day, had

committed to offer or were considering calculator-tested plans without hospital coverage, Lenz said.

While big companies that have traditionally provided major medical coverage aren’t interested, numerous

retailers, home-health companies, light manufacturers, hoteliers, restaurateurs and other lower-wage

employers also plan to offer them, said brokers.

“There was tremendous interest in this” from companies that hadn’t previously provided health benefits,

said Edward Fensholt, a benefits lawyer with Lockton Companies, a large insurance brokerage and

consulting firm.

Employers that have committed to the plans “are delighted” by the decision to allow a one-year reprieve,

Fensholt said. Companies that were considering them but hadn’t pulled the trigger by Tuesday “are

between a rock and a hard place,” he said.

Lower-wage employers that had never offered substantial coverage were already struggling to obey the

health law, said Kevin Schlotman, director of benefits at Benovation, an Ohio firm that designs and

administers health coverage. More than a dozen Benovation clients are in some stage of implementing

calculator-tested plans without hospital coverage, he said.

“The last-minute rule change is problematic,” he said. “These employers are searching for a solution that

permits them to comply while at the same time doesn’t burden the business with hundreds of thousands in

expenses they have never had in the past.”

While they lack hospital coverage, low-cost plans that pass the calculator are rich in outpatient benefits

such as physician visits. Consultants and employers argue that such insurance is more useful to low-pay

workers than the alternative — coverage with  hospitalization that comes with a $5,000 deductible — the

portion members pay before insurance kicks in.

Hospital officials predictably praised the administration’s move.

“Hospitals and health systems were deeply concerned about plans that potentially excluded important

hospitalization and are pleased with the action to address the matter in the best interest of patients,”

Richard Umbdenstock, president of the American Hospital Association, said in a prepared statement.

The administration had signaled last month it would move to disallow plans without hospital benefits from

passing the minimum-value test. Large employers that fail to offer minimum-value coverage next year

could be fined up to $3,120 per worker. The penalties become effective when workers buy plans in the

online exchanges and qualify for subsidies based on their income.

Plans without hospital coverage that pass the minimum-value test are different from “skinny plans,”

another kind of limited-benefit plan offered by lower-wage firms such as retailers and staffing companies.

Employer-sponsored skinny plans include preventive-care benefits and little else. Consumer advocates

unexpectedly realized last year that skinny plans fulfill a second ACA requirement for employers, which is

to provide “minimum essential coverage.”

Failure to meet that threshold next year can cost large employers up to $2,080 per worker. Tuesday’s

move affects only plans that claim to pass the minimum-value test — not skinny plans and the weaker

minimum essential coverage standard.

jhancock@kff.org | @JayHancock1

© 2014 Kaiser Family Foundation. All rights reserved.

Health Insurance Marketplace Coming Soon

October 01, 2013 is the federal deadline for employers to send notices to all of their employees, regarding the Health Care Reform Marketplace.

Corporate Solutions is assisting our clients in getting these notices out. Below are the notices that will be going out.

 

Health Insurance Marketplace Coverage

With Coverage

Without Coverage

 

If you have any questions regarding this or or anything else feel free to call our offices anytime at 888.785.4018

Treasury Department Delays Employer Shared Responsibility and Insurer Reporting Requirements by One Year

Late in the day on July 2nd, the Obama Administration stated that it will postpone the employer shared
responsibility mandate and insurer reporting requirements for one year. As a result of the delay, any
employer shared responsibility payments will not apply until 2015. The delay is based on the
Administration

Thoughts and Prayers for those in Oklahoma

Our thoughts and prayers are with all those whose lives have been impacted by the tornadoes in Oklahoma. With this devastating event Corporate solutions has made it top priority to make sure all of our services including payroll will make it out to all of our clients in and around the area hit by these tornadoes and storms in

U.S. Small Business Administration has PPACA Webpage for Small Employers

Gallagher Banner

U.S. Small Business Administration has PPACA Webpage for Small Employers

The U.S. Small Business Administration (

Healthcare Reform Act 2012

The Patient Protection and Affordable Care Act

The Patient Protection and Affordable Care Act was passed by Congress and then signed into law by the President on March 23, 2010.

2013 I-9 Released

USCIS Public Engagement Division: Form I-9 Publication

U.S. Citizenship and Immigration Services (USCIS) today published a new Form I-9, Employment Eligibility Verification. The form is available for immediate use by employers. Employers who need to make necessary updates to their business processes to allow for use of the new Form I-9 may continue to use other previously accepted revisions (Rev.02/02/09)N and (Rev. 08/07/09)Y until May 7, 2013 date. After May 7, 2013, all employers must use the revised Form I-9 for each new employee hired in the United States.

 

The revised Form I-9 has several new features, including new fields and a new format to reduce errors. The instructions to the form also more clearly describe the information employees and employers must provide in each section.

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