A. THE HOMECARE WORKER WAGE PARITY ACT
New York City and surrounding area employers are required to pay homecare workers a certain minimum wage, with the actual amount set by county. We make it easy and affordable for companies to comply.
B. HOW IT WORKS
Employers must offer homecare workers a $11/hr. minimum pay rate, with an extra $3 – $4.09/hr. paid either in wages, employer benefits, or both. We calculate and manage the payment of wages/benefits on behalf of our clients, and distribute them to employees via our Wage Parity services.
Healthcare Advocacy Solutions advantages:
- Save money
- Ensure compliancy
- Provide employee benefits
- Minimizes mandated payroll obligations
C. ALTERNATIVE BENEFITS ACCOUNTS
DEPENDENT CARE REIMBURSEMENT (DCAP)
Employer contributes up to $5,000/yr.
Helps employees pay child- and adult-daycare.
MEDICAL REIMBURSEMENT (FSA)
Employer contributes up to $500/yr. per participant.
Helps employees pay unreimbursed medical, dental, and vision expenses. Unused funds can be rolled over the following year.
Employees can contribute up to $2,550/yr. as a pre‐tax deduction.
DENTAL AND VISION REIMBURSEMENT (HRA)
Employer contributes to help employees pay dental/vision expenses.
No employer contribution limit.
Can be rolled over to the following year.
TRANSIT REIMBURSEMENT (TRN)
Employer contributes up to $255/mo. for mass transit.
Can add an additional $255/mo. for work-related parking.