In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a certain earnings limit. These taxes ensure that individuals who paid into the system during their working careers can receive Social Security payouts...
After more than three years of working toward a higher salary threshold for mandatory overtime pay, the U.S. Department of Labor recently finalized and released the details of its new rule.The Society of Human Resource Management reported that this new mandatory...
There have been numerous announcements and changes in the health care market recently, impacting not only workers in that industry, but employee benefits in nearly every other sector as well. Just a few of the recent changes include an executive order from the current...
A new rule could shake up the way employers and employees leverage their health reimbursement arrangement funds. The regulation, passed recently by the departments of Labor, Treasury and Health and Human Services, enables employers to leverage pretax money to...
Earlier this month, the U.S. House of Representatives made an important decision regarding the so-called “Cadillac tax,” which came as part of the Affordable Care Act passed in 2010. Representatives voted on July 17 to repeal and eliminate the tax...
On June 24, President Donald J. Trump signed an executive order to support more "opaque pricing structures" within healthcare services. The purpose of the order to is enable American consumers to have better and more transparent access to...
