Effective July 1, 2014 – in Indiana – an officer of a corporation CAN NOW elect to be excluded from workers compensation coverage. An officer exclusion form needs to be completed and forwarded to the insurance carrier. If the policy is currently in force, an exclusion form can be completed and the officer will be excluded effective July 1, 2014.
Potential 2015 FUTA Credit Reduction States
The Federal Unemployment Tax Act (FUTA) has always been an odd payroll tax. The Act states that the FUTA rate is 6.0%, but feeling magnanimous, the Feds grant you a credit of 5.4%. So really the rate that most employers face is 0.6%.
The Indiana Department of Workforce Development provides the Unemployment Insurance poster, free of charge. You may download it from this website. For your convenience many other required posters can also be downloaded from this site.
Sponsors of group health plans that provide prescription drug coverage…
Sponsors of group health plans that provide prescription drug coverage must notify Medicare-eligible participants and beneficiaries as to whether the drug coverage offered is “creditable” or “non-creditable” prior to October 15th.