McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 98

Employee Benefits Flexible Spending Account Employment Health Savings Account 98

Employee Benefits

MARCH 10, 2023

A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company. What are fringe benefits? This can include free health insurance or a company car.

Employee Benefits 104

Employee Benefits Health and Welfare Health Insurance Work From Home 104

Employee Benefits

JANUARY 10, 2024

In the UK, tackling absenteeism in the office requires employers to understand and fulfil their legal obligations regarding the health, safety, and welfare of their employees. The Health and Safety at Work Act 1974 imposes a duty of care on employers to protect their employees from work-related stress.

Health and Welfare 105

Health and Welfare Employment Pension Workplace Flexibility 105

McDermott Will & Emery Employee Benefits

DECEMBER 13, 2023

The enactment of the Affordable Care Act in 2010 led to a sharp increase in employers self-funding their group health insurance plans, with the market tripling in size in the decade that followed.

Health Insurance 104

Health Insurance Employment Medical Insurance 104

Employee Benefits

OCTOBER 2, 2023

Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition. Openly discussing dementia will enable employees to feel more able to disclose diagnoses or issues without fear of repercussions.

Employment 119

Employment Health and Welfare Consulting Benefits Package 119

McNees

JANUARY 13, 2023

trillion dollar spending bill, contains provisions which modify the laws applicable to welfare benefit plans and retirement benefit plans. Below is a high-level list of the provisions of the Act which are effective in 2023 and which may affect your plan: Welfare Benefit Plans. The Act, a $1.7 Webinar.

401(k) 98

401(k) Health and Welfare Employee Benefits Deductible 98

Achievers

JUNE 20, 2017

Promoting financial wellness and addressing the negative effects of money-related stress on employees is often overlooked by companies when they seek to lessen the stress level of their workforce. Given the statistics above, there is much you can do to help your employees meet their financial goals. Offer Flexible Work Arrangements.

Health and Welfare 204

Health and Welfare Financial Counseling Human Resources Employee Retention 204

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

McDermott Will & Emery Employee Benefits

JANUARY 14, 2025

Gender-affirming care has become a central topic in US political discussions, significantly affecting employer-sponsored group health plans. Depending on whether they purchase insurance or self-fund their health benefits, group health plan sponsors face different challenges in covering gender-affirming care.

Insurance 52

Insurance Health and Welfare Employment Employee Benefits 52

Employee Benefits

MAY 20, 2024

Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. The employer delivers free audiology, physiotherapy and dermatology services on behalf of the NHS. All new employees joining the business will automatically be enrolled.

Pension 59

Pension Health and Welfare Employment Salary 59

McDermott Will & Emery Employee Benefits

AUGUST 13, 2024

Recent lawsuits filed against the group health plans of two large US employers underscore the importance of implementing formal welfare benefit plan governance structures that include fiduciary committees comparable to the governance structures employer sponsors of retirement plans routinely adopt.

Health and Welfare 52

Health and Welfare Retirement Plan Government Employment 52

McDermott Will & Emery Employee Benefits

MARCH 2, 2023

On January 30, 2023, the Biden administration announced its intention to make final extensions of both the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) through May 11, 2023, at which point both will end.

Employment 97

Employment Government Employee Benefits Health and Welfare 97

McDermott Will & Emery Employee Benefits

AUGUST 4, 2022

As of July 26, 2022, there are 3,591 confirmed cases of monkeypox in the United States, according to US Centers for Disease Control and Prevention (CDC) data, and the World Health Organization (WHO) Director-General has declared the multi-country monkeypox outbreak a Public Health Emergency of International Concern (PHEIC).

Employment 98

Employment Employee Benefits Health and Welfare 98

WEX Inc.

APRIL 15, 2020

While the coronavirus continues to surge nationwide, HR and benefits professionals are scrambling to address employee benefits issues and concerns.

Employment 52

Employment Employee Benefits IT 52

Employee Benefits

APRIL 17, 2024

Employers need to ensure there is a culture where people can discuss financial concerns. With the cost-of-living crisis enduring, employees from some sectors are likely to be seeking additional hours, usually through taking on overtime. Other employers are providing financial support in different ways.

Health and Welfare 122

Health and Welfare Overtime Management Bonuses 122

McDermott Will & Emery Employee Benefits

FEBRUARY 10, 2022

The Biden administration’s January guidance that group health plans and insurers cover the costs of at-home COVID-19 tests has rattled insurers and employers. The post Issues Mount as Health Plans Offer At-Home COVID-19 Tests appeared first on EMPLOYEE BENEFITS BLOG.

Insurance 97

Insurance Employee Benefits Employment Health and Welfare 97

Insperity

MARCH 25, 2021

If you’re considering entering into an agreement with a professional employer organization (PEO) , chances are you have questions about how PEO pricing works. What is your employer overhead? Employer overhead (in excess of compensation) typically costs between 1.25% and 1.4% of an employees’ salary, according to the U.S.

Professional Employer Organization 96

Professional Employer Organization Employment Health and Welfare Payroll 96

McDermott Will & Emery Employee Benefits

FEBRUARY 14, 2022

Even though the US Supreme Court blocked the US Occupational Safety and Health Administration’s (OSHA) vaccinate-or-test mandate for most employers, there is still confusion around who covers the cost for employee COVID-19 tests. In this Law360 article, McDermott’s Dawn Peacock outlines what employers need to know.

Employment 96

Employment Employee Benefits Health and Welfare Commissions 96

McDermott Will & Emery Employee Benefits

FEBRUARY 24, 2022

US employers have grown increasingly interested in identifying incentives that increase COVID-19 vaccination among employees. The post Agencies Clarify How Employers Can Charge COVID-19 Vaccine Premium Incentives appeared first on EMPLOYEE BENEFITS BLOG.

Health Insurance 97

Health Insurance Employment Insurance Employee Benefits 97

HR Digest

SEPTEMBER 14, 2023

Amidst all the revenue numbers and share valuations that companies wear as a badge of honor, the concept of employee relationship management has emerged as another undeniable sign of a successful organization. He asserted that the rules that were derived from these interactions governed employment relationships.

Employment 98

Employment Health and Welfare Entertainment Government 98

McDermott Will & Emery Employee Benefits

AUGUST 10, 2023

In light of recent Internal Revenue Service (IRS) guidance, employers should carefully examine any supplemental health plan, program or arrangement (which may or may not claim to leverage fixed indemnity insurance) that promises substantial payroll tax savings.

Taxes 98

Taxes Insurance Employment Payroll 98

McDermott Will & Emery Employee Benefits

FEBRUARY 25, 2022

As the world enters the third year of the COVID-19 pandemic, employers have gained a greater understanding about the virus’ relationship with US anti-discrimination laws. The post Four Discrimination Questions Employers Have About COVID-19 appeared first on EMPLOYEE BENEFITS BLOG.

Employment 98

Employment Employee Benefits Health and Welfare Commissions 98

Employee Benefits

JUNE 26, 2024

Employers have not only recognised the importance of employee wellbeing and mental health, but have begun to put it at the top of their people priorities list. This extends to mental health and taking reasonable steps to prevent and manage work-related stress. Clear policies and adequate training are a must.

Health and Welfare 59

Health and Welfare Health Insurance Insurance Employment 59

McDermott Will & Emery Employee Benefits

OCTOBER 18, 2022

With much about the potential impact and scope of monkeypox still unknown, employers should consider taking proactive steps now, as may be appropriate for their workforce, to enhance and reinforce the safety protocols already in place from the COVID-19 pandemic. In this Employee Relations Law Journal article, McDermott’s Michelle S.

Employment 98

Employment Employee Benefits Health and Welfare 98

Employee Benefits

APRIL 1, 2024

Availability of benefits will differ between countries. Employers should ensure that their benefits technology and chosen provider are able to support varying needs in multiple countries. Global benefits technology There are a range of technologies that global employers can access to craft a unified benefits system.

Technology 104

Technology Health and Welfare Voluntary Benefits Payroll System 104

Employee Benefits

MAY 23, 2023

Underfloor heating specialist firm Gaia Underfloor Heating has provided its workforce with training to promote mental health and staff wellbeing. Steven Rooney, director of Gaia Underfloor Heating, said: “Mind offers fantastic guidance and help for anyone with mental health problems.

Health and Welfare 59

Health and Welfare Employee Benefits Employment IT 59

Proskauer's Employee Benefits & Executive Compensa

AUGUST 26, 2022

While it is too soon to know whether the Fifth Circuit’s decision is an anomaly or a harbinger of greater judicial oversight of advisory opinions, employer plan sponsors, especially those in the Fifth Circuit, will want to pay close attention to future developments in this area.

Health Insurance 98

Health Insurance Insurance Health and Welfare Government 98

McDermott Will & Emery Employee Benefits

DECEMBER 14, 2021

On December 6, 2021, New York City Mayor Bill de Blasio announced that all New York City employers, regardless of size, will be required to impose COVID-19 vaccination mandates on all employees (subject to legally protected exemptions) by December 27, 2021.

Employment 97

Employment Employee Benefits Health and Welfare 97

Global People Strategist

MARCH 1, 2023

Employee benefits aren’t just a perk of the job; they create an environment that helps foster happy and productive employees who feel supported. Admittedly, there are places where employee benefits have a long way to go in scope and execution — South Korea is one of them.

Health and Welfare 52

Health and Welfare Employee Benefits Paid Leave Pension 52

McDermott Will & Emery Employee Benefits

JULY 20, 2023

A recent Internal Revenue Service (IRS) memorandum addresses the tax status of certain fixed-indemnity health plans that promise employers major payroll tax savings. Bianchi summarizes the memorandum and outlines what employers need to know. In this American Staffing Association article, Alden J. Read the article.

Taxes 75

Taxes Payroll Employee Benefits Employment 75

Employee Benefits

JANUARY 4, 2023

At its simplest, it could simply mean providing online or workplace-based resources which employees can access in order to boost their understanding of their finances. This is also the case for other financial benefits, such as saving schemes. Unlike other benefits, there is no end to the variety available in this market.

Education 105

Education Health and Welfare Pension Finance 105

Employee Benefits

MARCH 9, 2022

Offer benefits and support for their career progression and learning opportunities. Employers need to be aware of their legal responsibilities to staff caring for those with disabilities or who need time off in an emergency. Sarah Brannan, senior benefits consultant at Buck, says: “Good line management is also important.

Health and Welfare 72

Health and Welfare Employment Consulting Education 72

Corporate Synergies

JUNE 4, 2019

What kind of health and welfare benefits attract and retain employees? Benchmarking and surveys help employers zero in on options that workers deem valuable. 1 What are competitive employee benefits? 1 What are competitive employee benefits? Ask 100 employers and you’ll get 100 answers.

Health and Welfare 44

Health and Welfare Employee Benefits Paid Sick Leave Benefits Package 44

Benefit Resource Inc.

AUGUST 2, 2023

While the immediate cost-saving benefits may seem tempting, slashing employee benefits can have detrimental long-term effects on the workforce and the organization. The Importance of Benefits in the Big Picture Employee benefits play a crucial role in shaping the overall well-being and success of an organization.

Employee Benefits 52

Employee Benefits Health and Welfare Employee Loyalty Comprehensive Benefits 52

McDermott Will & Emery Employee Benefits

JUNE 18, 2024

In a recent article in Managed Healthcare Executive, Peter Wehrwein examines the trend of self-funding of group health benefits by smaller employers who used to depend mainly or entirely on fully insured programs.

Medical 98

Medical Healthcare Insurance Employee Benefits 98

McDermott Will & Emery Employee Benefits

MARCH 24, 2022

On March 17, 2022, New York State’s Commissioner of Health ended the designation of COVID-19 as an airborne infectious disease that presents a serious risk of harm to public health under the New York Health and Essential Rights (HERO) Act.

Employee Benefits 98

Employee Benefits Employment Health and Welfare 98

McDermott Will & Emery Employee Benefits

JUNE 27, 2024

A question in response to last week’s post on self-funding of employer group health plans assumed that stop-loss coverage under a level-funded plan could be provided under a group captive medical captive. However, it cannot (at least not without first obtaining a prohibited transaction exemption from the US Department of Labor (DOL)).

Medical 92

Medical Employee Benefits Employment Health and Welfare 92