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Dependent Care Limit Increases and Full COBRA Subsidies The relief bill (ARPA) signed by President Biden on March 11th temporarily increases the maximum contribution amount for Dependent Care Assistance Plans (DCAP) and provides full COBRA subsidies under certain circumstances.

We continue to receive many questions related to leave requirements for NY-based employers, so we’ve summed up the latest news below regarding all types of employee leave for 2021.

VITALLY IMPORTANT BENEFITS UPDATE

New rules require and modify Federally-Mandated paid leave for employees with children How the Families First Coronavirus Response Act (FFCRA) applies to the new 2020-2021 School Year When are employees eligible for paid leave? When are they not?

In our continuing efforts to help employers and their employees, we have launched two little-known but very effective tax-deductible reimbursement programs.

The economic impact of the coronavirus epidemic it’s starting to show its consequences on the HR and benefits landscape, small-businesses being the ones affected the most these days. But the impact can be seen throughout the global economy, more and more businesses are joining together to come up with ways of sustaining the business environment. …

Continue reading “Coronavirus (COVID-19) – Changing the HR and Benefits Landscape”

Common Challenges for a Small Business It is a challenge to know which benefits plans are required for a small business and what benefits employees actually expect. Adding to the challenge, states have different requirements that are mandatory for employers of different sizes. Small businesses should work with a professional organization that can help them …

Continue reading “Small Business Employee Benefits – All You Need to Know”

Being an entrepreneur in today’s world is an act of courage, determination and strong leadership. Supporting those who choose to overcome the obstacles of building a new business from scratch is an inspirational journey, especially if we are talking about the financial part of a business, like payroll solutions, benefits administration or HR trends. When …

Continue reading “Next Gen Summit 2019 – HR Trends for Aspiring Entrepreneurs”

HSA, FSA – the list of acronyms for employee health benefits in the US can be confusing. Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are two types of tax-favored health plans that employers can offer as part of their health benefits, but they are not stand-alone plans. The type of account you have …

Continue reading “Health Savings or Flexible Spending Account?”

Employee benefits continue to be an important consideration for employers who are looking to make the biggest impact with their employee investments. As unemployment rates remain low, candidates are comparing benefits that companies offer in addition to cash compensation and reputation. 1. Financial Wellness Health benefits have taken center stage in recent years with the …

Continue reading “7 Employee Benefits Trends for 2019”