Q.- An employee is trying to get reimbursed from his Dependent Care FSA for the amount he pays a babysitter to watch his kids when he is at work. The babysitter will not give him her Social Security Number. Can he still be reimbursed from the FSA?
Nonexempt employees subject to the Fair Labor Standards Act must be compensated for time worked. Employers are not required under federal law to offer employees lunch or coffee breaks. When employers do offer short breaks such as coffee breaks (lasting 5 to 20 minutes) these breaks are treated as actual working hours. An employee who takes time in excess of the authorized work break does not have to be paid for the overage, assuming the employer has communicated that the break may last only for a specific length of time.
As 2016 Affordable Care Act reporting is approaching, many insurance companies are contacting members to obtain demographic data.
Q.- The last day of our 2016 FSA plan year is December 31, 2016. Is it too late to add a carryover provision so employees can carryover up to $500 of unused funds into 2017?
Various state and federal agencies require employers to post information for employees. Workplace poster requirements vary based on employer size, employer location and type of business. All employers should review applicable laws to make sure they are providing required information to employees.
As employers with calendar year plans gear up for open enrollment, they should consider ACA requirements.
Q.- An employee has a dependent day care flexible spending account plan and wants to be reimbursed for the cost of summer school for his children. Is this allowed?
Starting March 31, 2018, employers with more than 100 employees and federal contractors with more than 50 employees must provide employee pay data and hours worked on their EEO-1 filings. The EEO-1 is an annual report providing the Equal Employment Opportunity Commission and the Department of Labor information about an employer’s workforce diversity.
The Affordable Care Act requires health insurance issuers and self-insured group health plans to pay a transitional reinsurance fee in 2014, 2015 and 2016. The deadline to pay the second installment of 2015 fees and the deadline to submit the enrollment count for 2016 is November 15, 2106. No fee is required in 2017 or later.