Kim's HR Potpourri » Entries tagged with "Employee benefit"
A 2018 Train Wreck Coming?
I think we have a train wreck coming. As you may know, in 2018 the health care Cadillac Tax will be implemented. The Cadillac Tax is the 40% tax an employer will be forced to pay on any health coverage plan costing over $10,200 for an individual and $27,500 for a family. Now, some will argue only a few plans will be targeted. They say only the ridiculous, gold-plated plans of the fabulously wealthy will … Read entire article »
Filed under: Featured, Kim's Korner
Yeah, You Got Me Again, California…
A “Gotcha” moment hit me this week, and it concerned something I learned about HSAs Health Savings Accounts. As most people know, money contributed to a HSA is not taxed. It does not count as income. The money grows tax-free and withdrawals used for qualified medical expenses are not taxed either. This is how HSAs work, unless…..wait for it…..you live in one of the few states that decided to treat HSAs differently than the feds do. Say, … Read entire article »
Filed under: Kim's Korner
Paid Family Leave: Leave “Leave” Out of It
Paid Family Leave (PFL) is one of the most misunderstood benefits in California. Employees commonly think PFL is another protected leave, such as FMLA, CFRA or PDL (see below for the alphabet soup definitions), and many times you’ll hear employees say, “I’m going to take my PFL leave.” But PFL is not a leave; it’s a benefit payment taken while out on a qualifying leave. Confusing? Sure, and it would have been better if California had … Read entire article »
Filed under: Kim's Korner