Overview
Join Rebecca Bush and Kelly Haab Tallitsch for "One Big Beautiful Bill Act (OBBBA): Impacts on Employee Benefits & Compensation Strategy".
This presentation covers the One Big Beautiful Bill Act, signed into law on July 4, 2025, which spans nearly 900 pages of comprehensive federal policy reforms affecting employee benefits and compensation. The program addresses key legislative themes including tax relief for workers, healthcare choice expansion, and administrative simplification, along with related regulatory developments and compliance requirements.
Learning Objectives:
- Understand the new overtime and tip income tax deductions under the OBBBA, including annual limits, phase-out thresholds, and employer W-2 reporting obligations effective for 2026;
- Identify HSA enhancements including expanded HDHP eligibility for Bronze and Catastrophic Exchange plans, HSA-compatible direct primary care arrangements, and the permanent telehealth safe harbor extension;
- Recognize changes to family support programs, including the enhanced FMLA tax credit options, increased employer childcare tax credits, and the dependent care exclusion increase effective January 1, 2026; and
- Review additional compliance updates including gag clause attestation requirements under the Consolidated Appropriations Act, HIPAA Notice of Privacy Practices modifications for substance use disorder records (effective February 16, 2026), and the DOL/EBSA regulatory pipeline.