The Biden-Harris Administration recently issued a proposal to eliminate medical debt from credit reporting. If the proposal becomes law, medical debt will no longer be reported by credit reporting agencies nor be a factor in determining credit scores. A Sweeping Change for Credit Reports Currently, medical debt affects millions of Americans, with 46 million people […]
The Department of Labor (DOL) Wage and Hour Division issued final regulations, effective March 11, 2024. These rules established an economic realities test which will serve as a practical guide for employers in determining whether a worker is an employee or independent contractor under the Fair Labor Standards Act (“FLSA”). [29 CFR part 795]. How […]
When we think of healthcare in the United States, we typically think of employer-sponsored health insurance plans. This is because roughly 54% of all Americans receive healthcare via private insurance through their employers, according to Statista. Although this level of access and overall performance places U.S. healthcare well behind most other high-income nations, it’s what […]
In 2021, most Americans received healthcare benefits from their employers, as they’ve done for the last three decades. According to Statista, over half of the United States population—54.3%—has relied on employer-based insurance plans since 1987. Traditionally, employers contract with insurance companies to provide healthcare for employees via different plan options. To cover healthcare costs, employers […]
