24 states and the District of Columbia have announced higher minimum wage rates for 2020. While most of these changes become effective in January, new rates in four states and Washington D.C. will take effect during the second half of the year. This compliance bulletin provides an overview of minimum wage rates for 2020 in the United States.
On Nov. 15, 2019, the DOL, HHS and the Treasury Departments issued a proposed rule regarding transparency in coverage for group health plans and health insurers in the individual and group markets. The DOL has also issued three appendices, which would be required disclosures under the proposed rule and would satisfy the proposed coverage disclosure requirements. This Compliance Bulletin provides more information on this proposed rule.
The EEOC has indicated that it plans to issue new proposed rules regarding permissible wellness incentives under the ADA in 2020. The rules would apply to employer-sponsored wellness programs that ask for health information or include medical exams. This Compliance Bulletin summarizes this development.
On Dec. 9, 2019, the IRS released final 2019 forms and instructions for ACA reporting under Code Sections 6055 and 6056. The 2019 draft forms and instructions are substantially similar to the 2018 final versions. This Legal Update video explains further.
On Dec. 12, 2019, the DOL announced several updates on how to calculate an employee's regular wage rate. This Legal Update video explains further.
The IRS has released an updated version of its W-4 form, also known as the “Employee’s Withholding Certificate” form. The new form includes instructions on how to complete it. Learn more with this video.
This month's Benefits Buzz announces the new FSA contribution limits and discusses the DOL's new proposed method for retirement plan disclosures.
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