In this issue, we delve into the essential updates and finalized decisions crucial for your awareness and action—particularly building on our previous coverage of pending rate changes. For detailed insights into these developments and to ensure your compliance, please consult the full bulletin below. You’ll discover our team’s expert analysis of the recent regulatory adjustments …
Earlier this year, New York lawmakers passed a comprehensive revamp of the State’s workplace health and safety laws, known as the HERO Act. The law is intended to “to protect employees against exposure and disease during a future airborne infectious disease outbreak.” WHAT’S REQUIRED: New York employers – regardless of size, industry, or location – …
Each year the Internal Revenue Service (IRS) reviews the limits for Health Savings Account (HSA) contributions as well as the minimum deductible and out-of-pocket maximums for High Deductible Health Plans (HDHPs). They consider criteria such as inflation and increases in HDHP deductibles and out-of-pocket limits. On May 16th, 2023, they released Revenue Procedure 2023-24, announcing …
The American Rescue Plan Act (ARPA), signed into law March 11, 2021, provides a 100% subsidy of premiums for employer-sponsored group health insurance continued under the Consolidated Omnibus Budget Reconciliation Act of 1986 (COBRA), and similar state continuation of coverage (mini-COBRA) programs. ARPA subsidies cover the full cost of COBRA or mini-COBRA premiums from April …
New York has passed an expansive law to legalize recreational cannabis (a.k.a. marijuana). The law, called the Marijuana Regulation and Tax Act, includes strong employment protections for off-duty use, effective immediately. The law adds cannabis to New York’s existing lawful off-duty conduct law but carves out a few exceptions. As a refresher, the lawful off-duty …
New York now requires employers of all sizes to provide paid leave to employees who are getting vaccinated for COVID-19. The law took effect immediately and applies through December 31, 2022. Employees are entitled to take up to four hours of paid leave each time they get a COVID shot. For now, this means up …
The American Rescue Plan Act (ARPA), which is the latest bill to address the ongoing economic impacts of COVID-19, has been signed into law effective 3/11/2021. Most aspects of the law do not directly affect the HR function, but those that do—optional extension of sick and family leave and establishment of COBRA subsidies—are outlined below. …
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