The Affordable Care Act (ACA) worked hard to encourage small employers (generally those with fewer than 100 full-time equivalent employees, though state-specific requirements can also apply to state-run Exchanges) to provide health insurance to their workers. Chief among its efforts to ease accessibility and favorable pricing is the Small Business Health Options Program, or SHOP.
Successfully managing health care costs may be a hallmark of a best-in-class employer, according to “The Best-in-Class Benchmarking Analysis” from Arthur J. Gallagher & Co., an international insurance brokerage, and risk management services firm. But health care costs can be notoriously difficult to contain; what can you do?
There’s a major regulatory change that will likely hit employers in 2016 under the Fair Labor Standards Act, potentially resulting in billions of dollars of additional expenses for U.S. employers. Here’s what you need to know.
This year, the Internal Revenue Service released draft forms for employer reporting of health coverage. These draft forms are intended to prepare stakeholders (such as employers) for new reporting provisions under Internal Revenue Code Sections 6055 and 6056.
For decades, a 40 hour work week was the standard for defining full-time employment. The great majority of employers have used this guideline to determine eligibility for employer-provided benefits such as health, dental, life, vision, disability and other group insurance plans as well as 401(k), paid time off and other employer-provided perks.