Most everyone would agree Human Resources is an integral function of a high-functioning company. HR operations carry a lot of responsibility, mostly behind the scenes. From interviewing and hiring top talent to managing benefits and payroll, HR departments must keep track of countless forms, processes, regulations, and communications. Just one mistake — no matter how small — can cost companies talented employees, valuable time, and thousands of dollars. Continue Reading
Repeal and replace the Affordable Care Act (ACA) has been the consistent message of the Republican Party and President Trump. Some steps have already been taken that will likely ultimately impact the ACA. Congress is progressing with a budget resolution bill that may lead to repeal of some aspects of the ACA that relate to the federal budget (this resolution cannot remove the ACA’s market reform provisions) and the President issued an executive order directed to those agencies (HHS, DOL and Treasury) with responsibilities related to the ACA. While neither action can fully repeal the ACA, both likely impact ACA administration and enforcement and demonstrate the clear intent of the Republican-controlled Congress and the President to follow through on their promise. At the same time, several new Republican proposals have been offered because there is a recognition that repeal is not feasible without concurrent replacement. Continue Reading
Before we get into the several ways you can mitigate the rising cost of auto insurance, let’s talk about a question I hear all the time: Why does car insurance cost more than it used to? There are a number of reasons:
From the Archives
For months, organizations in the U.S. had been preparing to implement changes that, as of Dec. 1, 2016, would have increased the minimum salary requirement for certain exemptions under the Fair Labor Standards Act.
9th PSA By the Numbers
PSA by the numbers – a look back at the year that has passed. What an exciting time for the PSA team. Many thanks to all of our clients and partners! Now onto an even better 2017!
When Joe Ehrmann, who played eight seasons as a defensive lineman with the Baltimore Colts in the 1970s, looked back over his years of experience playing football, he realized he’d had two distinct types of coaches: transactional and transformational. “You either transact with people for your own personal needs, or you invest in the lives […]
Set forth below are the 2017 and 2016 limitations for qualified plans and other benefit related items. Click here to view a printable copy of the document.
For everyone who works in human resources, 2016 has been another year of change, thanks to increased requirements under the Affordable Care Act (ACA) and new rules under the Fair Labor Standards Act. At a recent PSA Partnership Seminar, held at PSA headquarters in Hunt Valley, Maryland, two experts shared their insights to help HR […]
A Qualified High Deductible Health Plan (QHDHP) coupled with a Health Savings Account (HSA) offers an opportunity for individuals to be more involved in and responsible for managing their own healthcare costs while enjoying advantageous tax treatment. HSA contributions, investment earnings, and distributions for qualified medical expenses are free of federal income taxes, FICA taxes […]