Category: Latest News

Anthem Withdrawing from Virginia Individual Market in 2018

By: Patrick Beale, CPA, CIC Vice President – Employee Benefits pgbeale@invincia.net Anthem announced on Friday, August 10th that they are withdrawing from the individual health insurance market for most geographical areas in Virginia in 2018. Anthem stated they plan to only offer individual health insurance in Washington and Scott counties… Read More»

IRS Confirms ACA Mandate Penalties Still Effective

By: Patrick Beale, CPA, CIC Vice President – Employee Benefits pgbeale@invincia.net The Internal Revenue Service (IRS) Office of Chief Counsel has recently issued several information letters regarding the Affordable Care Act’s (ACA) individual and employer mandate penalties. These letters clarify that: Employer shared responsibility penalties continue to apply for applicable… Read More»

FSLA Overtime Rule Blocked

As reported by the Society of Human Resource Managers (SHRM), a federal judge in Texas blocked the Department of Labor’s (DOL’s) new federal overtime rule, which would have doubled the Fair Labor Standards Act’s (FLSA’s) salary threshold for exemption from overtime pay. The rule was scheduled to take effect Dec.… Read More»