New Mandatory Sick Time Policy in Chicago
The City of Chicago added a paid sick time policy effective July 1, 2017. The policy mandates 1 hour of sick time for every 40 hours worked with a cap of 40 hours. Employees can also carry over 1/2 of their respective unpaid accrual into the following year. Employers with a more generous policy do […]
IRS Releases 2018 HSA Limits
The 2018 HSA (health savings account) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 2018 HSA Overview Minimum deductible Compliant HSA plan examples: One plan for self-only and […]
