Nearly 70% of pre-retirees said the cost of medical care in retirement is one of their biggest financial concerns, found a recent Fidelity Investments study. So those nearing retirement should be glad to hear this news.
Wellness & Safety
The Department of Labor (DOL) is adding firepower in its fight against companies that commit worker classification mistakes.
The House Ways and Means Committee just approved a new bill that could halt the tax-free reimbursement of abortion expenses from flexible spending accounts (FSAs) and health savings accounts (HSAs).
The IRS has given smaller employers a little more breathing room on the new W-2 health coverage cost reporting requirements.
During the past six months, 20% of employers have cut back on employee benefits. And if the economy doesn’t improve, 32% say they’ll do the same in the next six months.
Employers have been given more time to comply with some of the new rules designed to protect patients who receive health insurance claims denials.
What are your biggest HR concerns for the coming year? See if they match up with this recent study.
An economic stimulus bill passed in February 2009 created a subsidy that covered 65% of the COBRA premium for laid-off employees. Now we know how much the subsidy program cost taxpayers.
The outcome of a pending court case could seriously handicap many companies’ wellness programs.