Kentucky House Bill 457 applies to both fully-insured and self-funded ERISA/non-ERISA plans and places several new, costly mandates on employers that will restrict their ability to design and offer affordable prescription drugs benefits for their employees. These new mandates include provisions to restrict the use of preferred pharmacy networks (including mail-order options), management of specialty […]
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Families First Coronavirus Response Act Notice – Labor Posters Mandatory Update
A mandatory labor law notice has been released – the Families First Coronavirus Response Act Notice. This notice must be displayed in the workplace and emailed to those working from home by April 1. The mandatory posting applies to “All employers covered by the paid sick leave and expanded family and medical leave provisions of […]
Read moreEEOC May Soon Publish New Wellness Program Rules
Limbo No More? From our friends at Fisher Phillips… Pushing its deadline back for the second time, the Equal Employment Opportunity Commission (EEOC) recently announced that it plans to issue amended regulations related to incentivizing participation in employer-sponsored voluntary wellness programs under the Americans with Disabilities Act (ADA) and the Genetic Information Nondiscrimination Act (GINA) […]
Read moreSeptember 30 Is Your Pay Data Reporting Due Date
From our friends at Fisher Phillips… A federal court announced today that employers have until September 30, 2019 to turn over pay data as part of your revised EEO-1 reporting obligations. After several weeks of uncertainty, you now have a definitive due date to mark on your calendars for this unprecedented new obligation. While there […]
Read moreCompliance Recap // May 2017
May was an active month in the employee benefits world. On May 4, 2017, the U.S. House of Representatives passed a bill titled the “American Health Care Act of 2017” (AHCA) to repeal and replace the Patient Protection and Affordable Care Act (ACA). The Internal Revenue Service (IRS) released its Employer Shared Responsibility affordability percentage […]
Read moreIRS Updates
IRS Updates Health Coverage Affordability Calculation for Individuals for 2018 The Internal Revenue Service (IRS) issued Revenue Procedure 2017-36, adjusting the calculation determining whether an individual can afford employer-sponsored health coverage, which affects whether the individual would be eligible for a premium tax credit on the public health exchanges. This could affect employers who are […]
Read moreCompliance Recap // February 2017
February had relatively little activity in the employee benefits world because a new Secretary of the Department of Health and Humans (HHS) was recently confirmed and HHS started its rulemaking under the new administration. On February 10, 2017, the U.S. Senate confirmed Rep. Tom Price as the new Secretary of HHS, who has a budget […]
Read moreACA – Employer Mandate Reporting Reminder
The following applies to employer groups that are considered Applicable Large Employers (ALEs) for the 2015 calendar year and subject to ACA Employer Mandate reporting for 2016. MARCH 2, 2017: ACA Forms 1095-C to Employees Applicable Large Employers must submit Forms 1095-C to employees no later than March 2, 2017. FEBRUARY 28, 2017 or MARCH […]
Read moreCompliance Recap – December 2016
December was a relatively busy month for new laws and administrative rulemaking in the employee benefits world. President Obama signed the 21st Century Cures Act into law. The IRS issued a reporting deadline reminder, two information reporting summaries, and Q&As on information reporting. A U.S. District Court issued a nationwide preliminary injunction regarding a portion […]
Read moreACA Reporting Changes – What You Need to Know
This blog post is compliments of HR Service, Inc. (www.HRServiceInc.com). To learn more about HR Service, Inc. contact your Team BIM representative today. The Patient Protect and Affordability Care Act (“PPACA”) imposed strict, somewhat confusing reporting requirements last year which proved to be challenging for many organizations. In this bulletin, we focus on recent and […]
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