DOL Overtime Change is a No-Go

2 Dec

Yesterday was slated to be the day the new overtime rule change would take effect, increasing the minimum salary level for exempt employees from $455 per week to $913 per week, along with triennial adjustments. On November 22, a federal … Read More »

Extended Deadline for Form 1095

23 Nov

Last week the Internal Revenue Service (IRS) issued Notice 2016-70 to extend the due date for furnishing Forms 1095-B (Health Coverage) and 1095-C (Employer-Provided Health Insurance Offer and Coverage) by 30 days, January 31, 2017, to March 2, 2017. Filers … Read More »

Florida Companies’ Workers’ Comp Bills Are Going Up

9 Nov

What: Florida legislators recently approved a 14.5% rate increase on all new and renewal workers’ compensation policies. This is less than the 19.6% rate increase originally requested by the National Council on Compensation Insurance (NCCI). When: The higher rates are … Read More »

Final Forms for ACA Reporting Released

8 Nov

The Internal Revenue Service (IRS) has released final 2016 Forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. Forms 1094-B and 1095-B are used by entities reporting under Section 6055, including self-insured plan sponsors that are not … Read More »

Reinsurance Fee Contribution Form Due November 15, 2016

18 Oct

Reinsurance Fee Contribution Form Due November 15, 2016 Contribution Form Is Now Available The Affordable Care Act (ACA) imposes a fee on health insurance issuers and self-funded group health plans in order to fund a transitional reinsurance program for the … Read More »

IRS Issues Opt-out Payment Proposed Rules

29 Sep

On July 8, 2016, the Internal Revenue Service (IRS) issued proposed regulations on the Affordable Care Act’s (ACA) premium tax credit and individual mandate. The regulations also impact employers through the employer shared responsibility rules. The proposed regulations focus primarily … Read More »

Significant Changes Proposed to Form 5500

24 Aug

On July 21, 2016, a proposed rule was published by federal regulators that seeks to modernize and improve the Form 5500 annual return/report that is filed by employee benefit plans. In general, the changes are expected to apply for plan … Read More »

Environmental Insurance for Real Estate Transactions

17 Aug

What to Expect in Today’s Changing Marketplace As premises pollution insurance comes of age, we are experiencing definite changes in carriers offering the product, risk appetite, policy duration and price. Premises pollution insurance (also known as pollution legal liability) is … Read More »