Washington Governor Jay Inslee has signed into law the Long-Term Care Trust Act, creating the Nation’s first social insurance program for long-term care services and supplies. Program Details: Effective January 1, 2025 The program will provide long-term care services beginning January 1, 2025 for individuals who need support with at least three of the following […]
Question: What are some common infertility related expenses that an employer’s infertility HRA could cover? Compliance Team Response: Infertility HRAs are an increasingly common employer-sponsored benefit to provide employees with a tax-advantaged vehicle to cover all or a portion of their infertility expenses that are not covered by the major medical plan. For more details […]
Question: How do the dependent care FSA rules apply to parents who are divorced, separated, or living apart? Compliance Team Response: Dependent Care FSA Available Only to Custodial Parent Where parents are divorced, separated, or living apart, only the custodial parent is permitted to utilize the dependent care FSA for the child’s day care […]
Question: When does an employee lose health plan eligibility upon a change in employment status to part-time work? Compliance Team Response: Reminder: Very Different Approach Depending on Measurement Method There are two different approaches for an applicable large employer (ALE) subject to the ACA employer mandate pay or play rules to determine employees’ full-time status: […]
Andrea, Barry, Chantal, Dorian, and Erin. These are the names that will be assigned to the next five Atlantic named storms. Portfolio companies with locations that fall within their paths could be involved in the following unfortunate scenario: Several or all locations are shut down for an extended period. Loss of revenue results in all […]
Question: What compliance issues should employers be aware of if they want to add a commuter benefit subsidy? Compliance Team Response: General Tax-Advantaged Status of Qualified Transportation Plans Under IRC §132(f) IRC §132(f) provides a tax-advantaged limit of $265 per month that may be contributed to a transit pass/vanpooling and/or parking commuter benefit program. This […]
Last month, ABD hosted a roundtable discussion panel on the role of total rewards programs and their effect on employee satisfaction, motivation, and retention. The panel was led by our own Chana Anderson, EVP of SharedHR, and people operations leaders from our esteemed partners and peers in the Bay Area, such as Copper, Vlocity, the […]
Question: What are the basic rules that apply for SF HCSO City Option Contributions that are used to fund a SF MRA for employees? Compliance Team Response: City Option Contributions Employers subject to the SF HCSO must make quarterly contributions to the City Option for covered employees if the employer is not satisfying the required […]
On Friday, Governor Newsom signed into law his first budget for 2019-2020. Included are two significant provisions related to employers: The creation of a state individual mandate as of January 2020; and The expansion of California’s paid family leave benefits to eight weeks as of July 2020. A full summary of the budget bills is […]
The Bay Area News Group has honored ABD Insurance & Financial Services as a winner of their Top Workplaces 2019 award. The award recipients are chosen based on employee feedback from an anonymous survey that measures several aspects of workplace culture, like alignment, execution, and connection, and we join only 84 other companies from the […]
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