New Fiduciary Rules Impact Some HSAs

New rules are effective June 9, 2017 that affect investment advisors with respect to health savings accounts (“HSAs”) with investment options (as well as retirement plans and IRAs). The new rules address advisors, not employers specifically, and HSAs are not the...

New York Paid Family Leave: Employee Contribution Set!

The New York Paid Family Leave law becomes effective January 1, 2018 and, when fully phased in, an employee will receive 67% of his/her average weekly wages, capped at 67% of the average statewide weekly wage. This program will be funded generally through employee...

New York Paid Family Leave

Last year Governor Andrew Cuomo signed the New York Paid Family Leave (“NYPFL”) law as part of the 2017 State Budget. On February 22, 2017, the State of New York filed proposed regulations to implement NYPFL. The proposed regulations were subject to a 45-day notice...

Potential HIPAA Privacy Concerns for Employers Offering Mobile Apps

In an effort to help employees lead healthier lives, employers may offer employees access to mobile device applications (“apps”) that collect, store, manage, organize, or transmit health information. Nutrition and weight could be logged. Health-tracking “wearables”...

PCOR Fee Filing Reminder for Self-Insured Plans

Please note that Form 720 is a tax form (not an informational return form such as Form 5500). As such, the employer or an accountant would need to prepare it. Parties other than the plan sponsor, such as third party administrators and USI, cannot report or pay the...