FSA, HSA, and 401(k) Contribution Limits in 2016

The IRS has announced the annual dollar limit on contributions for health care flexible spending accounts (FSAs), health savings accounts (HSAs), and 401(k) accounts based on cost of living adjustments (COLAs). These limits are reviewed annually by the IRS. For the...

Penalty You’ll Pay if You Don’t Have Health Insurance

If you can afford health insurance but choose not to buy it, you must pay a fee called the individual shared responsibility payment. (The fee is sometimes called the “penalty,” “fine,” or “individual mandate.”) You owe the fee for...

What Are Employees’ Most Serious Skills Deficiencies?

Evan Stall, the HR manager for Federal-Mogul Powertrain’s South Bend, Ind., plant, worries about how he will fill 13 foundry operator positions.The company, which makes automotive parts, primarily aluminum pistons, has just acquired another casting cell that contains...