Happy New Year from Bim Group! - Bim Group

Happy New Year from Bim Group!

As an expression of our gratitude for the opportunity to serve the employee benefit needs of our clients, Bim Group is proud to make financial contributions to numerous deserving organizations that are making a profound and lasting impact on the lives of those they serve.

Wishing you all the best in the New Year!

Recent Insights

January 10, 2025
Affordable Care Act (PPACA)

ACA Reporting Changes for 2025

On December 23, 2024, President Biden signed into law the Paperwork Burden Reduction Act (PBRA) alleviating some burdens associated with the annual ACA reporting.  Effective for tax years beyond 2023, employers are no longer required to automatically distribute the Forms 1095-B/Cs to employees unless requested.  The Form 1095-B/Cs must still be prepared and electronically filed […]
Read more
January 7, 2025
News

Webinar: Ensuring Your Health Plan is Ready for a Department of Labor Audit

Tuesday, January 14, 2025 1 – 2PM CST Register Now Registration Code:UBA410EW Attend this month’s webinar to learn what triggers a DOL audit and how to prepare. Key takeaways:  Gain insight into the DOL’s enforcement priorities that can trigger an audit, especially regarding compliance with the ACA, Mental Health Parity and Addiction Equity Act, and […]
Read more
January 7, 2025
News

Wellness Programs and Smokers’ Penalties under Scrutiny

READ TIME: 5 MINUTES A recent lawsuit involving Macy’s Inc. and the U.S. Department of Labor (DOL) is bringing attention to the way companies structure their wellness programs—particularly those that impose penalties on employees who smoke. This case highlights the potential risks for employers who charge higher health premiums to smokers and raises questions about […]
Read more
January 7, 2025
News

December 2024 Compliance Recap

READ TIME: 7 MINUTES President Biden stepped away from proposed changes to the birth control opt-out for moral objections. The pre-deductible status of telehealth in HSA plans expired, and the CAA 2024 Gag Clause Attestation submission took effect. Biden Administration Withdraws Proposed Birth Control Benefits regulations The Biden Administration has suspended its efforts to limit […]
Read more