Compliance Overview

Health Plan Enrollment Rules Employers that sponsor group health plans have some different options available to them for designing their plans’ enrollment process. When it comes to enrollment, health plan sponsors should have rules in place regarding: Health Plan Enrollment Rules

Benefit Insights – Examining Narrow Provider Networks

Examining Narrow Provider Networks In recent years, narrow networks have gained popularity. Narrow networks are health plans that offer their subscribers a limited choice in health care providers. Health plans contract with a small group of doctors, specialists and hospitals, and those entities are then considered in-network. Because all plan participants Examining Narrow Provider Networks

Compliance Bulletin – DOL’s New Fiduciary Rule

DOL’s New Fiduciary Rule Impacts HSAs OVERVIEW In April 2016, the Department of Labor (DOL) released a final rule that expands who is considered a “fiduciary” when providing investment advice to retirement plans and their participants. The final rule’s guidance also applies to individual retirement accounts (IRAs) and health savings accounts (HSAs). DOL New Fiduciary…

Benefit Insights – 2016 Benefit Trends So Far

2016 Benefit Trends So Far As the second half of 2016 begins, it is important to look at the benefits industry trends that have emerged thus far. Acknowledging and responding to these trends can help you recruit and retain talented employees and help you position yourself for a more productive 2017. Benefits Insights – 2016…

Benefit Insights – September

Cadillac Tax Update Beginning in 2020, the Affordable Care Act (ACA) will levy a 40 percent excise tax on health plans that are deemed to be overly generous. This tax, also known as the “Cadillac tax,” will affect health plans that cost more than $10,200 for an individual or $27,500 for a family. The Cadillac…

Compliance Bulletin – September

DOL Increases Penalties for Health Plan Violations OVERVIEW On July 1, 2016, the Department of Labor (DOL) issued an interim final rule that increases the civil penalty amounts that may be imposed under various federal laws, including the Employee Retirement Income Security Act (ERISA). The interim final rule increases the civil penalty amounts associated with:…

Live Well, Work Well – September

Taking Responsibility for Your Retirement Fund Relying on pension funds and Social Security is no longer sufficient when planning for retirement. To help, the IRS has published the following tips to help you take charge of saving for retirement: Live Well, Work Well – Sept 2016

HR Brief – September

Educate Employees on the Value of HSAs Health savings accounts (HSAs) offer many valuable benefits to participants. However, many employees do not fully understand how HSAs work and may be missing out. In fact, it is estimated by the Flexible Benefit Service Corporation that 40-50 percent of HSA-eligible individuals do not have an HSA. HR…