Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), participants, covered spouses, and dependent children may continue their plan coverage when they would otherwise lose coverage due to a particular event, such as divorce or legal separation. Continuing Coverage A spouse who would lose coverage due to a divorce may elect continuation coverage under COBRA for […]
A deductible is the amount of money you have to pay out of pocket for your medical expenses before your health insurance begins covering the expenses. Example So, if you have a $2,000 deductible plan and incur $1,750 in medical expenses this year, your insurance won’t cover any of that amount and youll have to […]
Generally, paid interns with set hours should be treated the same as regular employees in terms of payroll. Paid interns should file a W4, and the payroll company should deduct state and federal taxes from their paycheck, just as they would for regular employees. Interns should be paid on the regular payroll cycle, as defined […]
If you have written authorization from the candidate, you can perform reference checks with their past or current employer(s). However, there are limitations to what you are legally allowed to ask, which are described by employment reference laws. What You Can Ask – The candidate’s dates of employment – The candidates job title – The […]
Health Reimbursement Accounts (HRAs) arent required by law, so every business by default is exempt from offering HRA plans. However, certain business owners, such as sole proprietors and [self-employed business owners](http://www.infinisource.com/media/11669/who_cannot_participate_in_a_cafeteria_plan__fsa_or_hra.pdf), are prohibited from participating in HRAs. The 2% Rule IRS guidelines specify that anyone who has an ownership stake of 2% or more in […]
Flexible Spending Accounts (FSAs) and Health Savings Account (HSAs) are different accounts that can be attached to an employees health plan. Changing these plans mid-year is possible, but you must follow the pertinent federal and state codes. Federal Code IRS Notice 2014-55 addresses many of the issues associated with this kind of change. Federal law […]
General Rule Generally, the length of time depends on the position offered. Candidates usually meet with potential team members and supervisors during on-site interviews. Typically, each interview should be around 30 minutes. The length of the day, then, will depend on the number of team members participating in the interview process. Often, the higher the […]
The best time to check a candidates references is when you intend to present an offer, or when you’re making the final selection between your top two or three candidates. Checking Credentials Reference checking should be used to determine whether a candidate has the credentials you think they have, and to ensure you havent misinterpreted […]
The company should consider the candidates reference carefully. A [questionable reference](http://www.eremedia.com/ere/what-every-recruiter-ought-to-know-about-candidates-with-questionable-references/), for instance, can be a red flag. However, it isnt advisable to blindly accept the word of the reference provider. Before jumping to conclusions, take a second to consider the factors involved. Ask Who Before You Ask Why Who provided the reference in question? […]
A Health Savings Account (HSA) is often paired with a High Deductible Health Plan (HDHP). HSAs are used to help pay for medical expenses that arent covered by an employee’s general health care plan. These typically draw interest, which is tax free, given that the funds are used for qualified medical expenses. Qualified Medical Expenses […]
An employer-funded Health Reimbursement Account (HRA) qualifies as a group health plan under Consolidated Omnibus Budget Reconciliation Act (COBRA). You must, therefore, include the HRA in the COBRA package offered to recently employees who’ve recently left the company. You have two options for crunching the numbers: the past cost method or the reasonable actuarial determination. […]
H1B visas allow organizations to employ foreign professionals for specialty occupations for up to 6 years (10 for defense contract workers). Because US immigration is complex, your first step in sponsorship should be a visit to your legal team. You want to ensure all the necessary documents are properly filled out and fees paid. The […]