READ TIME: 7 MINUTES January was a relatively quiet month on the employee benefits compliance front. The Wage and Hour Division of the Department of Labor (DOL) introduced a new rule laying out the guidelines employers can follow to determine how to classify workers. The DOL also released Part 64 of its FAQs about Affordable […]
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2024 Employer-Sponsored Group Health Plans Compliance Calendar
Employers and HR departments are faced with many reporting and notification requirements for their employer-sponsored group health plans. Information must be provided to plan participants and applicable government agencies on time to ensure compliance with various federal laws. This compliance calendar outlines the requirements and due dates for: Form W-2 Form 5500 Forms 1094-B and […]
Read moreThe Play-or-Pay Penalty and Counting Employees under the ACA
Since 2015, the Affordable Care Act (ACA) has required applicable large employers (ALEs) to offer their full-time employees health coverage or pay one of two shared responsibility penalties (ESRP or “play-or-pay”). An employer is an ALE if it employs 50 or more full-time or full-time equivalent employees. Final IRS regulations provide guidance to help employers […]
Read moreWebinar: Mastering Medicare – Employer Rules & Regulations
Tuesday, February 13, 2024 1 – 2PM CST Register Now Registration Code:UBA410EW Attend this month’s webinar to learn how Medicare relates to group health plans of all sizes. Gain insights into: The Centers for Medicare & Medicaid Services (CMS) online disclosure and creditable coverage notices The impact of enrollment in Medicare on HSA […]
Read moreDecember 2023 Compliance Recap
READ TIME: 8 MINUTES December provided employers an opportunity to review year-end compliance to prepare for the new year. Employers confirmed that their worksite posters are appropriate for the type of business, number of employees, and state, and are the most recent version. Employers who are applicable large employers (ALEs) must be aware of potential […]
Read moreHappy New Year from Bim Group!
To thank our clients for the privilege to serve their employee benefit plans, we want to recognize and make a financial contribution to the organizations that make a difference in the lives they serve! Wishing you all the best in the New Year! Refuge for Women Refuge for Women is a non-profit, faith based organization […]
Read moreHR Elements: Workplace Culture | Integrating AI in HR
READ TIME: 5 MINUTES Artificial Intelligence (AI) is profoundly reshaping the landscape of human resources (HR), revolutionizing traditional processes and unlocking new possibilities. From recruitment to employee engagement, HR teams are finding applications for AI that streamline workflows, enhance decision-making, and ultimately redefine the role of HR professionals. Recruiting AI is redefining the recruiting process […]
Read moreWebinar – Countdown to Reporting: What It Means to Be An ALE
Tuesday, January 9, 2024 1 – 2PM CST Register Now Registration Code:UBA410EW Attend this month’s webinar to learn about the risks and responsibilities of being an applicable large employer (ALE). Gain insights into: The factors that determine if a group is an applicable large employer The regulatory responsibilities of an ALE Counting, tracking, and […]
Read moreNovember 2023 Compliance Recap
READ TIME: 7 MINUTES November brought an FAQ from the Departments of Labor, Health and Human Services, and the Treasury ensuring that SBCs and claims and appeals notices are available when more than 10 percent of the population is literate only in a specific non-English language. UnitedHealth’s pharmacy benefit manager announced $35 insulin price caps, […]
Read moreImportant Reminder: Gag Clause Attestation Due 12/31/23
The Consolidated Appropriations Act of 2021 (the CAA) requires group health plans to attest compliance with the CAA’s gag clause prohibition on an annual basis. While the prohibition of gag clauses was effective December 27, 2020, the first annual attestation is due December 31, 2023. Group health plan sponsors should begin taking steps now to […]
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