DC Minimum Wage Increases to $13.25 Per Hour Effective 7/1/2018

Administrator
Per the Fair Shot Minimum Wage Amendment Act of 2016, minimum wage in the District of Columbia will increase from $12.50/hour to $13.25/hour, effective July 1, 2018.  By July 1, 2020, minimum wage will have increased to $15.00/hour. This law affects all workers, regardless of employer size. Read more from DC.gov. unsplash-logoJimi Filipovski Read More

Premium reimbursement is a costly violation

Administrator
Potomac Companies, washington, obamacare, health insurance, insurance, compliance, aca, affordable care act, audit, healthcare, broker, health care, benefits
The Internal Revenue Service, Department of Labor and Department of Health and Human Services have each issued frequently asked questions stating that employer payment plans (sometimes referred to as premium reimbursement plans) for individual health insurance coverage fail to comply with the Affordable Care Act. Employers that violate this rule are subject to an excise tax of up to $100... Read More

Did You Hear from your Payroll Vendor…

Administrator
Potomac Companies, washington, obamacare, health insurance, insurance, compliance, aca, affordable care act, audit, healthcare, broker, health care, benefits
Did you Hear from your Payroll Vendor about Employer Shared Responsibility (ESR)? Applicable Large Employer (ALE) Status Tracking, Reporting, and Filing Services? The ACA imposes penalties on large employers that fail to offer coverage to full-time employees, or that offer coverage that is unaffordable or does not provide minimum value. For purposes of these rules, a large employer is one... Read More