Blog

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, and construction and general contracting. In addition, Dan is experienced in managing and coordinating risk programs for medium to large multi-national […]

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 $35,568 or $684 per week. This is an increase from the current amount of $23,660 or $455 per week. The change will make an estimated 1.3 million additional U.S. workers […]

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, plan sponsors and health insurers have opted to exclude any credit provided through a manufacturer’s coupon. On August 26, […]

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. In fact, with renewed focus, upgraded technology and agent support, the IRS has significantly ramped up efforts to assess penalties for […]

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 affected cities or provide details about the attacker’s demands. The attack […]

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. In a Monday filing in a New York federal bankruptcy court, Retrieval-Masters Creditors Bureau, which does […]