Health Savings Account Answer Book answers over 600 questions in a format that's quick and easy to use. It tells you virtually everything you have to know to profit from HSAs - from how they work, what they offer participants, and how they can benefit employers to helping you determine how well they will fit your company or clients. It answers key questions on all aspects of HSA establishment, administration, and compliance - including rules and penalties, medical coverage, contributions and deductions, distributions, rollovers and transfers, and more.
How to Calculate FMLA Leave Around the Holidays
Excerpt: "Under the FMLA, leave is calculated in workweek increments. While employers have to deal with fractions of workweeks to keep track of shorter leaves and intermittent or reduced schedule leave, the workweek is always the basic unit. Consequently, 'the fact that a holiday may occur within the week taken as FMLA leave has no effect; the week is counted as a week of FMLA leave.'"
(Franczek Radelet PC)
Grandfathered Plan Rules as Recently Expanded and Clarified
Excerpt: "The expansion allows for a group health plan to change insurance carriers without a loss of grandfathered status. Rules regarding cost changes, benefits, and disclosures also have been clarified through a series of published 'questions and answers.'"
(Davis Wright Tremaine LLP)
U.S. Senators Push Bipartisan State Health Care Waiver
Excerpt: "A Democrat and a Republican teamed up in the U.S. Senate on Thursday to offer legislation that would give states the flexibility to implement their own health care approaches when the federal overhaul goes into full effect in 2014."
(Reuters via Business Insurance)
Health Benefit Cost Growth Accelerates to 6.9% in 2010
Excerpt: "Growth in the average total health benefit cost per employee, which had slowed last year to 5.5%, picked up steam, rising 6.9% to $9,562, the biggest increase since 2004, according to the National Survey of Employer-Sponsored Health Plans, conducted annually by Mercer . . . ."
What's the Hard Return on Employee Wellness Programs?
Excerpt: "To understand the business case for investing in employee health, we examined existing research and then studied 10 organizations, across a variety of industries, whose wellness programs have systematically achieved measurable results."
(Harvard Business School Publishing)
Benefits in General; Executive Compensation
Reminder: Reporting Required for Exercise of ISOs, ESPP Options (PDF)
1 page. Excerpt: "The end is near for a temporary reprieve from reporting exercises of incentive stock options ('ISOs') and options under employee stock purchase plans ('ESPP'). On November 6, 2010, the Internal Revenue Service released final versions of Form 3921 and 3922 on which employers are required to report information relating to the exercise of ISOs and ESPP options."
(Vorys, Sater, Seymour and Pease LLP)
Widow Loses SERP Benefits Bid
Excerpt: "'The definition of 'spouse' contained in the SERP, on a plain reading, does not apply to Plaintiff. She was not married to Mr. Parr at the time of his retirement and is therefore not entitled to the death benefits as a spouse under the terms of the plan,' Oliver declared in the ruling."
House Sends Federal Telework Bill to Obama
Excerpt: "Members voted 254-152 to pass the 2010 Telework Enhancement Act (H.R. 1722), which requires agencies to determine which employees are eligible to work outside the office, to establish policies allowing them to do so and to inform them of the option."
Major League Baseball Close to Expanding Pension Benefits
Excerpt: "Major League Baseball and the players' union are close to an agreement that would close one of the few cracks in baseball's pension plan, providing life annuities and possibly medical coverage for about 870 players who played in the major leagues before 1980 but fell short of the four years' requirement for eligibility."
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