Financial Wellness: The Impact on Employee Health & Your Organization

By Pari Luna and Brian Whinnery, Hays Companies Over the years, more and more data has demonstrated a clear link between an employee’s physical and financial health. Consider the following: 70 percent of Americans live paycheck to paycheck [1] 84 percent of employees reported they have some degree of financial stress [1] 24 percent of […]

Hays Companies Research and Compliance Department ACA Bulletin

The IRS recently released the 2017 draft versions of the 1095-C, 1094-C, 1095-B and 1094-B forms for use in reporting coverage offers under the Affordable Care Act. Generally, employers will use the Form 1095-C to report offers of health plan coverage to the individual and will also use Form 1094-C, which is then provided to […]

2018 ACA Safe Harbor Percentages Will Decrease

As the Hays Research and Compliance team plans ahead, we want to inform our clients that there will be safe harbor changes to consider for 2018. The affordability percentage, under the Affordable Care Act (ACA), for 2018 will be 9.56%, a decrease from the 2017 safe harbor percentage of 9.69 %. Overview On May 5, […]

2017 HSA Limits and ACA Out-Of-Pocket Maximums

Although it is only spring, we now have official guidance on health savings account (HSA) and Affordable Care Act (ACA) limits for 2017 plan years.  As before, these two requirements have different limits that will need to be addressed to ensure that a high deductible health plan complies with ACA requirements. On April 27, 2016, […]

3 Ways To Reduce Risk As International Benefits Requirements Increase

US-based companies expanding abroad are facing a diverse number of challenges right now, including new global economic pressure on state-run systems to shift the burden of health and welfare benefits costs to employers. Here are three ways for employers to reduce the risks associated with international benefits and global compliance. Manage Trends In Global Compliance […]