Compliance Recap August 2018

Posted by Matt Schwartz on Wed, Sep 12, 2018 @ 08:09 AM

August was a relatively quiet month in the employee benefits world.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Cafeteria Plans: Qualifying Events and Changing Employee Elections - Updated

Posted by Matt Schwartz on Fri, Aug 10, 2018 @ 08:08 AM

Cafeteria plans, or plans governed by IRS Code Section 125, allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees are given a choice between a taxable benefit (cash) and two or more specified pre-tax qualified benefits. 

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Potential Employer Penalties Under the ACA - Updated

Posted by Matt Schwartz on Wed, Aug 8, 2018 @ 08:08 AM

Updated August 2018

Employers that do not meet the requirements of the Patient Protection and Affordable Care Act (ACA) need to be concerned about several potential penalties.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

FAQ about Tracking Full Time Employees under Play or Pay

Posted by Matt Schwartz on Thu, Aug 2, 2018 @ 10:08 AM

 

The following are frequently asked questions, and answers, with regards to tracking full time employees under the Affordable Care Act's Play or Pay rules:

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Federal Requirements for Fully Insured and Self-Funded Plans

Posted by Matt Schwartz on Tue, Jul 31, 2018 @ 08:07 AM

A plan sponsor’s requirements under federal law will vary depending on factors such as group health plan design, size, grandfathered status, and whether the plan is fully insured or self-funded.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Option to Renew Policies That Do Not Fully Meet ACA Standards - Updated

Posted by Matt Schwartz on Fri, Jul 13, 2018 @ 08:07 AM

In the fall of 2013, the Department of Health and Human Services (HHS) announced a transitional relief program.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap June 2018

Posted by Matt Schwartz on Mon, Jul 9, 2018 @ 09:07 AM

June was a relatively quiet month in the employee benefits world.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Status of Court Case Challenging ACA Constitutionality

Posted by Matt Schwartz on Fri, Jun 29, 2018 @ 10:06 AM

In June 2018, the U.S. Department of Justice (DOJ) filed a response in ongoing litigation regarding the individual mandate and the Patient Protection and Affordable Care Act (ACA).

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits

Understanding Wellness Programs and Their Legal Requirements

Posted by Matt Schwartz on Tue, Jun 19, 2018 @ 08:06 AM

Updated May 25, 2018

A wellness program is any formal or informal program that educates employees about health-related issues, promotes healthy lifestyles, or encourages employees to make healthier choices. Wellness programs vary greatly and are not always called wellness programs.

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Topics: Worksite Wellness, Compliance Issues, Affordable Care Act, Employee Benefits

Compliance Recap April 2018

Posted by Matt Schwartz on Wed, May 16, 2018 @ 09:05 AM

April was a busy month in the employee benefits world. The Internal Revenue Service (IRS) modified the 2018 health savings account (HSA) family contribution limit back to $6,900.

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Topics: Compliance Issues, Affordable Care Act, Employee Benefits