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On November 6, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-44, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to $2,750 for plan years beginning in 2020. The Revenue Procedure also contains…

The proposed regulations will assist Applicable Large Employers who offer ICHRAs in determining the “required employee contribution” for purposes of line 15 of Form 1095-C. This alert is of interest to Applicable Large Employers who intend to sponsor an ICHRA…

This month's pick for Employee Spotlight is Dan Yacovella. Dan is a client executive within our Property and Casualty division at The Fedeli Group. Dan has experience working with manufacturing and professional service firms, large real estate and property management,…

Ransomware has rapidly emerged as the most visible cybersecurity risk playing out across our nation’s networks, locking up private sector organizations and government agencies alike. And that’s only what we’re seeing – many more infections are…

HOUSTON — At the public library in Wilmer, Texas, books were checked out not with the beeps of bar code readers but with the scratches of pen on notebook paper. Out on the street, police officers were literally writing tickets — by hand. When the entire…

In a case underscoring the potential financial havoc wreaked by data breaches, the 42-year-old parent company of American Medical Collection Agency has filed for bankruptcy just weeks after disclosing a data breach that affected its largest clients and millions of patients.

More than 20 local governments in Texas were targeted in a coordinated ransomware attack of unprecedented size.The Texas Department of Information Resources said in a statement that it believes a single source is behind all 22 of the attacks. It didn’t name the…

The HRWS Advisory and Compliance teams have been inundated with calls and emails from clients regarding ACA penalty letters coming from the IRS. In the coming months, the pace of penalty letters is expected to increase substantially.

Currently, the ACA’s out-of-pocket limits for plan years beginning in 2019 are $7,900 individual/$15,800 family (2020 limits are being increased to $8,150/$16,300). In an effort to credit only the amount paid toward prescription drug by an employee or dependent…

The U.S. Department of Labor (DOL) announced on September 24, 2019, that it will publish a final overtime rule, setting the minimum salary threshold for overtime eligibility exemptions at $35,568or $684 per week. This is an increase from the current amount of $23,660 or…