By Carol Taylor Director of Compliance and Health Plan Collaborative, D & S Agency, A UBA Partner Firm The new Department of Labor (DOL) overtime exemption rules increase the salary threshold from $23,660 a year to $47,476 annually, beginning December 1, 2016. This means that employees earning less than the threshold can no longer be considered salaried and exempt from overtime pay. While the DOL…
By Danielle Capilla Chief Compliance Officer at United Benefit Advisors Applicable large employers and self-funded employers of all sizes have now completed the first round of required IRS reporting under the Patient Protection and Affordable Care Act (ACA). The ACA requires individuals to have health insurance, while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the…
While it might be easy to gloss over these phrases because they sound alike, it’s crucial to know that they are very different things.
A closer look at essential health benefits, minimum essential health coverage, and minimum value coverage