Flexible Spending Account (FSA) Update

The U.S Treasury Department announced yesterday that it is making a change to the IRS Use-it-or-Lose-it Rule for FSA accounts. (This is the rule that says participants forfeit any unspent funds after a plan year ends.) This change will allow an employer to offer...

Job Descriptions – Why Have Them?

Up-to-date and carefully written job descriptions are one of an employer’s most important communication tools.  They explain the “who, what, when, why, and how”, defining essential functions and performance expectations for each position.  Without job...

COBRA or State Continuation- Does it really matter?

How do you know if your Employer sponsored group plan is COBRA or State Continuation? With Savers it’s simple….It’s all in the details. COBRA Employer groups with 20 or more employees are regulated by Federal COBRA guidelines.  COBRA eligible benefits include...

Paid Time Off

One of the most reviewed and contemplated workplace policies is Paid Time Off (either combined PTO or the traditional Vacation/Sick time).  We are often asked “How much should we offer?” or “How much do I have to offer?” Believe it or not, there is no federal...

COBRA and Medicare: Does one affect the other?

Absolutely! Medicare entitlement and election are important factors when determining COBRA eligibility and duration. Here’s how… Absolutely!  Medicare entitlement and election are important factors when determining COBRA eligibility and duration.  Here’s...