The Department of Treasury recently issued proposed regulations to modify the rules for individuals to qualify for premium tax credits (PTs) to help pay for Marketplace health coverage effective for tax years beginning on or after January 1, 2023. The new rules, if finalized, will base PTC eligibility for an employee’s family members on the […]
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Frequently Asked Questions about the Patient-Centered Outcomes/Comparative Effectiveness (PCORI) Fee
Q1: What plans does the PCORI fee apply to? A1: All plans that provide medical coverage to employees owe this fee. Medical coverage includes preferred provider (PPO) plans, health maintenance organization (HMO) plans, point-of-service (POS) plans, high deductible health plans (HDHPs), and health reimbursement arrangements (HRAs). The fee does not apply to: Stand-alone dental and […]
Read moreWebinar: The Impact of the Russia-Ukraine War on U.S. Employee Benefit Plans
Tuesday, April 12, 2022 2:00 p.m. ET / 11:00 a.m. PT Register Now As the Russia-Ukraine war intensifies, American businesses will likely be affected by the increasing humanitarian crisis and financial implications. Businesses in the U.S. are facing unfamiliar challenges as the ripple effects of the crisis spread across the world. Is your company prepared […]
Read moreHDHPs Can Waive Deductible for Telehealth for Remainder of Year
READ TIME: 2 MINUTES The Consolidated Appropriations Act, 2022 (CAA), recently signed into law to avoid a government shutdown, includes a provision that will reinstate COVID-related telehealth coverage relief for high-deductible health plans (HDHPs) that choose to permit it. The CAA allows HDHP plan sponsors to allow participants to access non-preventive telehealth services before satisfying […]
Read moreKentucky HB 457 – $2.6 Billion in Additional Healthcare Costs for Kentucky Employers and Patients
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 […]
Read moreHR Elements | Generational Myths Part 2: Millennials
Today’s offices potentially span five full generations ranging from Generation Z to the Silent Generation. A coworker could just as easily be raised with a smart phone in hand as they could have used a typewriter at their first job. Some see differences between generational colleagues as an annoyance (“kids these days!”) and many rely […]
Read moreBim Group named one of the 2022 Best Places to Work in Kentucky!
Bim Group is honored to be named a Best Place to Work (BPTW) in Kentucky for the 17th year in a row! It truly never gets old and we are extremely proud of our perennial recognition as a “Best Place to Work” employer – a designation bestowed on our company by our employees. We have a unique […]
Read more2022 Penalty Chart
Source: HR Service Inc. The U.S. Department of Labor (Department) has published its final rule to adjust for inflation the civil monetary penalties assessed or enforced by the Department, pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990. The Inflation Adjustment Act requires the Department to annually adjust its civil money penalty levels […]
Read moreWebinar: Employee Benefits Administration During Leave of Absence
Tuesday, March 8, 2022 2:00 p.m. ET / 11:00 a.m. PT Register Now An employee leave of absence doesn’t mean that employers get a break from benefits administration. Join the March Employer Webinar to learn more about: Laws requiring benefits continuation during leave of absence Compliance with COBRA and FMLA requirements Key plan documents regarding […]
Read moreJanuary 2022 Compliance Recap
January brought breaking news that the U.S. Supreme Court (the Court) would stop OSHA from enforcing its employee COVID-19 test or vaccinate emergency temporary standard (ETS) for employers with 100 or more employees. Although the decision doesn’t end the OSHA ETS permanently, it means that the ETS is unlikely to be upheld in its current […]
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