From the June 2013 issue of CeridianVoice.

June 2013 News Briefs

Higher limits for 2014 HSA contributions, out-of-pocket expenses

The Internal Revenue Service (IRS) announced higher limits for 2014 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHP) linked to them. For individuals, the HSA contribution limit has increased by $50 to $3,300, and for families it has increased by $100 to $6,550. Out-of-pocket maximums for HDHP are $6,350 for individuals and $12,700 for families. Per the IRS, the higher rates reflect a cost-of-living adjustment and rounding rules. Read more at SHRM.

Employers actively preparing for ACA requirements, confidence in health plans rising

The vast majority of employers are actively developing tactics to work within the Affordable Care Act (ACA) and companies’ confidence in employer-sponsored health care is up, according to survey results from the International Foundation of Employee Benefit Plans (IFEBP). Only 10 percent of employers are still in “wait-and-see mode” and 69 percent of employers tell the IFEBP that they definitely plan to provide employer-sponsored health care when the exchanges begin in 2014. Read more at EBN.

Two critical steps for remaining compliant with FLSA

According to the Federal Judicial Center, a record 7,064 Fair Labor Standards Act (FLSA) lawsuits were filed in federal court between March 2011 and March 2013. To avoid an FLSA lawsuit, attorney Christopher Trebilcock suggests setting up reasonable complaint procedures and establishing policies on investigating oral complaints. Read more at HR

New wellness rules allow employers to increase use of incentives

The Obama administration issued final rules allowing employers to increase rewards to workers who participate in wellness programs. The rules allow employers to increase workers’ financial stakes from 20 percent of the cost of their health premiums to 30 percent starting next year. The maximum reward can be up to 50 percent for wellness programs intended to prevent or reduce tobacco use. Read more at Kaiser Health News.

2013 “alphabet” guide to employee benefits

Employee Benefits News and Ed Bray offer their 2013 ABC’s of employee benefits. A is for “accountability is working,” B is for “barrage of regulations,” and C is for “consider outsourcing your benefits administration.” Read the full list at EBN.