Category Archives: Benefits & Compensation QOTW

Wellness Certification

Question: Since I’ve been working on a corporate wellness program I am thinking about getting the certification. I have been considering The Corporate Health and Wellness Association (CHWA). Can you provide your insight on whether one credentialing program is more highly regarded …
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Snow Storm Pay

Question: What do you pay when a snow storm hits? Answer: This winter has been one for the record books, and with nearly two months of winter left to go there is a good chance that companies will be faced …
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Confusion Over FSAs versus HSAs

Question: What is the difference between an flexible spending account (FSA) and a health savings account (HSA)? Answer: A recent article published by the Society for Human Resource Management (SHRM) points out that most employees do not understand the difference …
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Voluntary Classification Settlement Program

Question: What is the new Voluntary Classification Settlement Program (VCSP) and what, if anything, does my company need to do? Answer: The new Voluntary Classification Settlement Program (VCSP) was developed by the IRS to provide payroll tax relief to employers that …
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What is a Fiduciary?

Question: What is all this talk about being a “fiduciary” to a 401(k) or 403(b) plan? What is it? Am I one? Answer: A fiduciary is any individual or entity that has, or exercises discretionary control over the management of the ERISA …
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When to Offer a Part-Time Employee Company Benefits

Question: How quickly do we need to offer benefits once a part-time employee is working 40 or more hours per week? The employee is regularly scheduled to work 30 hours per week and is ineligible for coverage. However, the employee …
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Am I Required to Offer COBRA?

Question: How do I determine if I have to offer COBRA to our employees for their health insurance? We are ‘on the bubble’ with 21 employees this year, but some are part time.  Answer: According to the Department of Labor, …
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Preparing for Health Care Reform

Question: The Health Care Reform Buzz Is Growing. Are You Prepared? Answer: The buzz about Health Care Reform is starting to grow, and your employees are paying attention. Time magazine’s “Bitter Pill: Why Medical Bills Are Killing Us” is about to …
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Equal Pay Day

Question: What is Equal Pay Day? Answer: Equal Pay Day symbolizes the point in the year that the average woman would have to work for her salary to catch up to the average man’s salary from that previous calendar year. …
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FMLA Expiration and COBRA

Question: We have an employee who is on FMLA to receive an organ donation and the leave is expiring soon. At what point do we offer the employee COBRA, and for how long? Answer: It is generally required by employers …
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