Posts by Kelly Moore

Californians Say No Tax Penalty, No Need for Health Coverage

Officials announced that enrollment in Covered California plans dropped 23.7 percent for 2019, largely because of the elimination of the tax penalty for people without insurance. According to the LA Times. “the decrease was steeper than expected — and larger than the drop in new enrollment in the federal marketplace, healthcare.gov. It occurred even as…

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Useful Resources: Updated HSA Contribution Rates Sheet

Many employers offer high deductible health plans (HDHPs) to control premium costs and pair this coverage with HSAs to help employees with their health care expenses. Due to an HSA’s potential tax savings, federal tax law includes strict rules for HSA contributions. This Compliance Overview summarizes the contribution rules for HSAs. Download the sheet

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The Coming Age of Inhuman Resources?

Technology. Like sriracha sauce, a little can be great while a whole lot of it can cause REALLY big problems. Right now, we’re seeing this trend play out as human resources becomes much more digital.   Florida business consultant Dennis Zink agrees, saying, “the digitalization of human resources is widely accepted. Companies save time posting jobs,…

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Useful Resources: New IRS 2019 Standard Mileage Rates Sheet

On Dec. 14, 2018, the Internal Revenue Service (IRS) announced the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or relocation purposes. Here’s a sheet with the details that you might want to keep handy. After all, ruling your world starts with having the…

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IRS Extends Minimum Essential Coverage Reporting Deadline

Well, it’s beginning to look a lot like Christmas and the busy little elves at the Internal Revenue Service have moved back the employers’ deadline to furnish employees with Forms 1095-C and 1095-B. Not quite a Christmas miracle, but we’ll take it, right? Here’s what you need to know: Employers with 50 or more full-time employees…

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Best Buy Boosts Employee Retention Through Benefits

People ask us all the time, does offering better employee benefits REALLY matter? Well, Best Buy thinks so. Best Buy cut staff turnover by 14 percentage points over the past four years, from 46 percent in 2014, to 32 percent in 2017. This is well below the average retail turnover rate of 60 percent, according…

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CVS-Aetna Merger Closing This Week

Well, it’s been about a year since CVS Health and Aetna announced their $69 billion plan to join forces and now it seems the state of New York, one of the last holdouts against the deal, has finally given the go-ahead. But there were some conditions including limits on health insurance premium increases as well…

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