Category: Aisling University Employee Benefits Newsletters

New Standard Mileage Rates and Transportation Benefit Tax Changes

The 2015 optional standard mileage rate used to calculate the deductible costs of operating an automobile for business purposes is now in effect. Separately, a new law retroactively increases the 2014 monthly benefit exclusion for certain transportation benefits provided to employees.   2015 Standard Mileage Rates Beginning on January 1, 2015, the standard mileage rate […]

Proposed Changes to Summary of Benefits and Coverage Requirements

New proposed rules would amend the requirements related to distribution of a summary of benefits and coverage (SBC). Under Health Care Reform, a group health plan (or the insurer) must provide employees with a standard SBC form explaining plan coverage and costs at specified times during the enrollment process and upon request.   Key Highlights […]

Reminder: Certificates Showing Prior Health Coverage for Employees No Longer Required Beginning December 31, 2014

As part of the federal Health Care Reform law, employer-sponsored group health plans are no longer permitted to apply pre-existing condition exclusion periods to individuals covered under the plan. A pre-existing condition exclusion period is the time period during which a health plan will not pay for care relating to a pre-existing health or medical […]

States Vote For Paid Sick Leave, Higher Minimum Wages & Legalized Marijuana

Voters in many states weighed in on important public-policy questions affecting employers and HR.   Paid Sick Leave Massachusetts voters approved a measure allowing workers at companies with at least 11 employees to earn paid sick time. The law goes into effect in July 2015, when workers can earn 1 hour of paid time off […]

States Vote For Paid Sick Leave, Higher Minimum Wages & Legalized Marijuana

Voters in many states weighed in on important public-policy questions affecting employers and HR.   Paid Sick Leave Massachusetts voters approved a measure allowing workers at companies with at least 11 employees to earn paid sick time. The law goes into effect in July 2015, when workers can earn 1 hour of paid time off […]

2015 FSA Contribution Limits

The annual dollar limit on employee contributions to employer-sponsored health care Flexible Spending Accounts rises to $2,550 in 2015, up from $2,500 in 2014. The annual limit for dependent care FSA or dependent care assistance plans (DCAPs) will remain at $5,000 for qualifying individuals and those who are married and file a joint return, and […]

Office Holiday Parties: 7 Ways to Reduce Your Liability

Office holiday parties can build morale, offer opportunities for more casual interactions among workers, and reward employees for a productive year-but did you know they can also be a source of liability for your company? If you choose to have alcohol at your holiday party, consider the following tips to help keep you and your […]

2015 Plan Limits Announced

The IRS has announced cost-of-living adjustments affecting dollar limitations for retirement plans and related items for tax year 2015. Highlights include: The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans is increased from $17,500 to $18,000. The catch-up contribution limit for those aged 50 and over is increased from $5,500 […]