Compliance ✔- 2019 EEO-1 Component 2 Pay Data
The EEOC issued a notice to the Office of Management and Budget to request re-authorization of the Component 1 reporting and to announce they do not intend to request renewal for Component 2 pay data reporting. At this time and based on this notice, employers should...
Compliance ✔- HSA-Eligible Health Plan Can Cover More Preventive Care
Effective July 17, 2019, the IRS expanded the definition of preventive care under the HSA-eligible High Deductible Health Plan (HDHP) rules. Preventive care now includes 14 medical services or items for 11 specific chronic conditions, such as insulin for diabetics....
Compliance ✔- IRS Decreases ACA Affordability Percentage for 2020
The IRS announced the new annually indexed percentage for affordability under the Affordable Care Act’s employer mandate provision. Per Notice 2019-29, applicable large employers (ALEs) can charge no more than 9.78% of income for plan years beginning on/after...