Regulation

Intense regulation and younger employees are creating demand for innovative products and services, such as One Medical Group, panelists at EBA’s Dig|Benefits conference say.

Companies need to evaluate whether they will either raise salaries to maintain an exempt status, or begin paying overtime when the employee works more than 40 hours in a single week.

Intense regulation and younger employees are creating demand for innovative products and services, such as One Medical Group, panelists at EBA’s Dig|Benefits conference say.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The jump in minimum salary threshold will be ‘a huge deal’ to some employers and brokers alike, says adviser David C. Smith, who recommends bringing in experts to develop a plan.

These basic plans are easy to administer and more affordable than fully insured plans, while still meeting legislated requirements under the ACA.

Even though most employers have come to terms with the Affordable Care Act, there are still changes they would like to see, says Willis Towers Watson’s John Barkett, including a repeal of the Cadillac tax.

Many companies will have to conduct cost-benefit analyses in light of the new rules and determine whether or not they will need to reclassify some employees, which could potentially affect their benefits.

Employers can ensure their summer workforce plans are compliant by asking their benefit advisers for help, according to ADP’s Aldor Delp.