Kaeding, Ernst & Company
  In This Issue

Kaeding, Ernst & Company
65 Boston Post Road, West, Suite 350
Marlboro, MA 01752

Tricia Mackoff
Executive Vice President
(508) 460-0165 x208
tmackoff@kaedingco.com

Ross Freedman
Director of Sales
(508) 460-0165 x219
rfreedman@kaedingco.com



Health Care Costs Projected to Jump By 14.1%

Based on input from actuaries at leading health care insurers, claims costs for health maintenance organization (HMO) and point-of-service (POS) plans are projected to increase 14.1% on average for 12-month coverage periods ending in September 2005, according to Aon Consulting's Spring 2004 Health Care Trend Survey.


Some HSAs Exempt From ERISA Status

Health savings accounts (HSAs) that meet certain conditions will be exempt from Employee Retirement Income Security Act (ERISA) regulations, according to guidance issued by the U.S. Dept. of Labor's Employee Benefits Security Administration (EBSA).



Every Other Worker Has Paid Sick Leave

Only half of all employees in the United States have paid sick leave and that fact can have "unhealthy" repercussions for maintaining a more productive workforce, according to a report issued by the Institute for Women's Policy Research (IWPR) in Washington, D.C. The report, No Time to be Sick: Why Everyone Suffers When Workers Don't Have Paid Sick Leave (2004), was based on data from the U.S. Department of Labor.


FMLA Rights Not Communicated; Legal Suit Allowed

Because a company failed to notify an employee of his rights under the Family and Medical Leave Act (FMLA), the Third Circuit U.S. Court of Appeals has decided that the em-ployee may proceed with a lawsuit against the company (Conoshenti v. Public Service Electric & Gas Company, No. 03-2257).



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