Yes. Social Security income is included in the calculation to determine your subsidy eligibility.
To get your Modified Adjust Gross Income (MAGI, which is often referred to as “household income”), you start with your Adjusted Gross Income (AGI) from your tax return. Then there are three things that must be added to your AGI if any of them apply to you:
1) Non-taxable Social Security income.
2) Foreign-earned income (and housing expenses if you live abroad).
3) Tax-exempt interest income. (more…)
The new overtime rule, which every employer must comply with by Dec 1, 2016 more then double the current white collar exemption salary threshold to $47,476 per year or $913 a week. These new requirements will have a large impact on employers, since it will require them to review employees’ exempt status and update overtime polices in order to comply with the FLSA overtime rules.
The (EEOC) is an independent federal agency created by Congress in 1964 to eradicate discrimination in employment. The Commission enforces various statutes that prohibit employment discrimination on the basis of race, color, sex, national origin, religion, retaliation, age, and disability or protected veteran status.
The EEOC has the authority to investigate charges of discrimination filed against employers who have a statutory minimum number of employees. HR can help avoid costly penalties by following the tips published by the EEOC.
If you are looking to change your existing policy or to buy a new one you have to have a Special Enrollment Period (SEP) between February 1, – December 31, 2016.
What is a Special Enrollment Period (SEP)?
1. Your personal circumstances change, including:
• Birth of a child
• Adoption or placement of child for adoption or foster care
• Gaining citizenship
• Moving residence outside your insurance plan’s service area
• Leaving incarceration
2. You experience an involuntary coverage change, which may include:
• Losing health coverage due to situations such as job-based coverage ending, aging off a parent’s plan at 26, losing coverage through divorce or similar events. However, voluntarily (more…)