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News & Insights

HR Insights: Employee Retention Rates

It costs nearly 20 percent of an employee’s annual salary to replace a current employee. If you are experiencing high turnover, chances are you are experiencing high losses as well. The cost of reviewing, training and purchasing equipment for new hires are not only monetary – they also cost time and lost productivity. Given the Read more…

Medicare Part D Notices Are Due by Oct. 14, 2017

Every year the Centers for Medicare and Medicaid Services (CMS) and eligible individuals for Medicare Part D must be notified whether a health plans’s prescription drug coverage is creditable.  Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2017 – the start date of the annual enrollment period for Medicare Read more…

Draft Forms for 2017 ACA Reporting Released

The IRS has released 2017 draft forms and instructions for ACA reporting under Code Sections 6055 and 6056. The forms and instructions are substantially similar to the 2016 versions, although sections addressing expired transition relief have been removed. Final 2017 forms and instructions have not yet been released. This ACA Compliance Bulletin provides an overview Read more…

Start Using Updated Form I-9 by Sept. 18, 2017

On July 17, 2017, U.S. Citizenship and Immigration Services (USCIS), part of the U.S. Department of Homeland Security, issued an updated version of Form I-9: Employment Eligibility Verification (Form I-9). Employers may use the 2016 version until Sept. 17, 2017 but exclusive use of this updated form is expected by Sept. 18, 2017. To read entire article Read more…

IRS Confirms ACA Mandate Penalties Still Effective

The Internal Revenue Services (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties. There letters clarify that: Employer shared responsibility penalties continue to apply for applicable large employers (ALEs) that fail to offer acceptable health coverage to their full-time employees (and dependents); Read more…

Annual State of Employee Benefits Event

Bouchey & Clarke Benefits invites you to attend our free seminar on Tuesday, September 12th at the Century House in Latham, NY. Our annual seminar will cover some of the hottest topics with which employers should be concerned with regarding their employee benefit programs and human resource trends including: NYS Paid Family Leave Update on Read more…

Senate Rejects Efforts to Repeal the ACA

On July 28, 2017, members of the U.S. Senate voted 49-51 to reject a ‘skinny’ version of a bill called the Health Care Freedom Act (HCFA) to repeal and replace the Affordable Care Act (ACA).  As a result, the ACA remains current law but some other version may be reintroduced in the future. To read Read more…