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.; ;Verifying that premium deductions are accurate and will be set up correctly in payroll.; ;Generating election data in the format required by the carrier and submitting it promptly, allowing extra time to resolve any unforeseen issues.; Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Benefits; ;Employee Experience; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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Key Takeaways Schumer Bill Seeks to Reverse Cuts to Healthcare, Including Medicaid;Legislation Seeks to Increase 401(k) Access to Young Workers;Bill Aims to Strengthen Healthcare-Based ‘No Surprises Act’;Senate Committee Unanimously Advances Pair of ESOP Bills;NLRB’s Acting General Counsel Issues Memo on ‘Salting’ Cases;Senate Committee Reverses EBSA Funding Cuts; Schumer Bill Seeks to Reverse Cuts to Healthcare, Including Medicaid Senate Minority Leader Chuck Schumer (D-New York) on Monday, Aug. 4, introduced the Protecting Health Care and Lowering Costs Act ( S. 2556 ), which aims to repeal healthcare cuts in the recently signed H.R. 1 law (also known as the One Big Beautiful Bill Act), including those to Medicaid, and permanently extend the Affordable Care Act premium tax credits that are set to expire at the end of this year.

Organizations with more office locations are more likely to consider creating a U.S. geographic pay policy, and 41% of organizations apply pay differentials as a premium/discount to either structure or individual pay, while 33% create separate base pay structures for each/different geographic location.

Third, while the implicit assumption is that both the employee and independent contractor buy health insurance on their own, and pay the same price, the contractor is allowed to deduct 100% of health insurance premiums up to the amount of their earned income, as an adjustment to income, while the employee is only allowed to deduct health insurance and other medical expenses in excess of 7.5% of adjusted gross income, and only then if itemizing (i.e., Schedule A).

; ;Will there be any changes to benefit premiums, deductions and taxes?

They suggested that companies consider offering housing premiums for remote staff to offset these increased expenses.

Existing employees on any of these teams who currently receive less than $20 an hour will be raised to this new rate automatically, according to Verizon, which is also adding premium pay differentials for assistant managers who work on holidays, Sundays and for those who are bilingual.

Generally, for those organizations that plan to decrease their LTI grant values in 2023, target grants will remain at a premium to market (e.g., 65th percentile or greater), whereas those that are increasing grant values are more likely to be targeting the 50th percentile.