With the start of a new year, there are several important reporting obligations upcoming with respect to the federal Affordable Care Act (ACA) and similar state laws. W-2 Reporting Imputed income of domestic partner coverage If corrections were made to the dependent care flexible spending account (DCFSA) elections/contributions of highly compensated employees (HCEs), only the…

The Illinois Department of Labor (IDOL) has published proposed rules regarding the Illinois Paid Leave for All Workers Act (PLAWA), which will not be finalized until after PLAWA becomes effective January 1, 2024. Additionally, IDOL released FAQs that clarified how employers’ existing paid leave policies could satisfy the requirements of PLAWA. Proposed Regulations Pre-existing leave…

The Chicago City Council has passed amendments to the city’s paid sick leave (PSL)/paid time off (PTO) ordinance, delaying implementation until July 1, 2024. Additionally, the Cook County Board of Commissioners has replaced the county’s Earned Sick Leave Ordinance with the Cook County Paid Leave Ordinance, bringing Cook County more in line with both the…

The Chicago City Council has introduced amendments to the city’s paid sick leave (PSL)/paid time off (PTO) ordinance that would, among other changes, delay implementation of the ordinance. The amendments will be put to a vote next week and appear likely to pass. A previous alert on the Chicago PSL/PTO ordinance is copied below for…

The City Council of Chicago has passed an ordinance that provides both paid sick leave (PSL) and paid time off (PTO) to most Chicago employees, representing one of the most generous leave laws anywhere in the country. The ordinance, which takes effect on December 31, 2023, will replace the current Chicago PSL ordinance. A previous…

This alert has been updated to include additional information about resources recently published by MN DLI. The Minnesota Department of Labor and Industry (MN DLI) has published several resources to assist employers in complying with the state’s Earned Sick and Safe Time (ESST) law, which takes effect January 1, 2024. A previous alert on MN…

The IRS has announced spending account limits for 2024. The annual contribution limit for health and limited purpose flexible spending accounts (FSAs) will increase to $3,200, up from $3,050 in 2023. For plans that allow carryover of unused health FSA funds, the carryover limit will increase to $640, up from $610 in 2023. The annual…

The IRS has announced that the annual PCORI fee, which is imposed on health insurance issuers and self-insured health plan sponsors to fund the work of the Patient-Centered Outcomes Research Institute, will increase from $3.00 per plan enrollee to $3.22 per plan enrollee for plans that end between October 1, 2023 and September 30, 2024.…

The Massachusetts Paid Family and Medical Leave (PFML) program has been amended to allow employees to use their employer-provided, accrued paid leave (e.g., sick time, vacation time, personal days) to supplement their PFML benefits. This change will take effect November 1, 2023. Additionally, new MA PFML contribution and benefit rates have been announced for 2024.…

On September 27, 2023, the Departments of Treasury, Labor, and Health and Human Services (Departments) issued FAQs revoking their non-enforcement policies with respect to two requirements included in the transparency in coverage (TIC) final rules. Background Prescription drug negotiated rates and historical net prices On August 20, 2021, enforcement of the prescription drug MRF requirement…