• Form 1095-C or 1095-B Deadline Extended

    December 11, 2019 | Uncategorized

    Updated Deadlines The IRS has issued Notice 2019-63 extending the distribution deadline of Form 1095-B (Health Coverage) and Form 1095-C (Employer-Provided Health Insurance Offer and Coverage) to employees from January 31, 2020 to March 2, 2020. It is important to note that the deadlines are not extended for filing Forms with the IRS. The deadlines End excerpt

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  • IRS Announces Higher 2020 Retirement Plan

    November 7, 2019 | Blog/HR News/Uncategorized

    The IRS has announced the inflation-adjusted figures for retirement account savings and other cost-of-living changes in Notice 2019-59 effective January 1, 2020. 2020 Highlights 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan: limits increased by $500 from $19,000 in 2019 to $19,500 in 2020 The catch-up contribution: limit for employees over End excerpt

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  • HSA Preventive Services Update

    October 16, 2019 | Uncategorized

    HSA plans can cover more preventive services prior to deductible being met after renewal this year. On July 17, 2019, the IRS released Notice 2019-45 providing guidance relating to health savings accounts (HSAs), specifically expanding the types of treatments and services that constitute preventive care.  As a reminder, to be HSA-eligible, the individual must be End excerpt

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  • Reporting Requirement Under D.C. Individual Mandate

    OTR NOTICE Under new tax guidance (Notice 2019-04), D.C. residents must have minimal essential health care coverage (MEC), have a coverage exemption, or pay a tax penalty for tax years ending on or after December 31, 2019. Insurance companies, business providing insurance to their employees, and other applicable entities are required to file information returns End excerpt

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  • 2019 Medicare Part D Notice

    The following information is provided as guidance for employers and their employees regarding Medicare Part D notification requirements. Should you have specific questions regarding your organization’s health plan, or other employee benefits, please contact a FosterThomas Employee Benefits Specialist. Medicare Part D Eligible Employees This post serves as a reminder that employers who provide prescription drug End excerpt

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  • Maryland Minimum Wage Increases To $10.10 Per Hour

    September 7, 2018 | Uncategorized

    This July, Maryland’s minimum wage increased from $9.25 to $10.10 and will gradually increase every July until 2022. The bill was put into place by delegate Jeffery Waldstreicher, a Montgomery County Democrat who outlined the bill before a House committee back in 2017. The raise of minimum wage will eventually reach a historic high of End excerpt

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  • Companies rely too heavily on e-mail for assignee engagement, says survey

    November 3, 2014 | Uncategorized

    Companies rely too heavily on e-mail for assignee engagement, says survey
    Almost 83% of businesses rely heavily on e-mail to maintain communication with their employees on assignment, with a high proportion solely reliant on the medium, according to The Global Mobility Survey.

    The survey—commissioned by the Santa Fe Group to help employers benchmark and enhance their own employee transfer programs—has shown that e-mail is the primary method used by businesses to maintain engagement with their employees on assignment.

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  • OFCCP issues new Section 503 disability regulations: Changing the rules for federal government contractors

    August 28, 2013 | Uncategorized

    By Susan Schoenfeld, JD, Senior Legal Editor On August 27, 2013, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) announced a final rule that makes changes to the regulations implementing Section 503 of the Rehabilitation Act of 1973 (Section 503). Section 503 prohibits employment discrimination against individuals with disabilities. The nondiscrimination and End excerpt

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  • HR Staffing and Recruiting: What I Look For In a Resume

    February 17, 2011 | Blog/Uncategorized

    Written by, Cheryl Nathan, Director of HR Services I recently read an HR blog titled “Rethinking Resume Buzzwords” by Eileen Mager. Since I just recently plowed through hundreds of Administrative Assistant applicant resumes (as part of our HR Staffing and Recruiting services), I found this blog post interesting. Eileen quoted a recently released list (from LinkedIn) End excerpt

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  • HR Management: Record Retention

    November 17, 2010 | Blog/Uncategorized

    Written by:  Cheryl Nathan, Director, HR Services I know that most people think springtime is the time of the year for the big clean and purge in their homes – for me it’s November.  With two young children in the house, I have to purge toys and other “stuff” – to make room for the new stuff End excerpt

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