Compliance Bulletin – Legal Considerations for Employee Terminations
Employee terminations are often complicated, and if not conducted properly, employers can open themselves up to costly legal challenges and negatively affect their business or reputation. Understanding the legal obligations of employee terminations can help employers ensure this process is conducted in a manner that minimizes legal risks and accounts for various business considerations. View …
Compliance Bulletin – Health Plans Must Update HIPAA Policies for New Reproductive Health Care Rights
Beginning Dec. 23, 2024, covered entities and their business associates must comply with stricterHIPAA privacy protections for reproductive health care. These new protections prohibit regulated entities from using or disclosing protected health information (PHI) related to lawful reproductive health care: In addition, regulated entities must obtain a valid attestation when a request is made to …
Compliance Overview – Medicare Part D: Creditable Coverage Disclosure Notices Due Before Oct. 15
Employers with group health plans that provide prescription drug coverage must notify Medicare Part D eligible individuals before Oct. 15 of each year about whether the drug coverage is at least as good as the Medicare Part D coverage (in other words, whether their prescription drug coverage is “creditable”). This notice is important because Medicare …
Compliance Bulletin – Employer Considerations for Navigating Election Season
Election season can be a fraught time for employers. Employers are often faced with the challengeof fostering a culture of open communication while ensuring a civil work environment and navigatinga variety of federal, state and local laws. Therefore, as the 2024 election approaches, it is critical for employers to understand their legal rights and responsibilities, …
Compliance Tracker – September
Upcoming Compliance Dates: A | Provide SAR to Plan Participants (Calendar-year Plans Only) – September 30, 2024 Employers must provide a summary annual report (SAR) to plan participants by Sept. 30, 2024, for calendar-year plans if the employee benefit plan’s Form 5500 deadline was not extended. Plans exempt from the annual Form 5500 filing requirement …
Compliance Overview – Key HSA Features – 2025 Compliance
Health savings accounts (HSAs) are a popular type of tax-advantaged medical savings account available to individuals enrolled in high deductible health plans (HDHPs). Individuals can use their HSAs to pay for expenses covered under an HDHP until their deductible has been met, or they can use their HSAs to pay for qualified medical expenses that …
Compliance Bulletin – SAR Is Due by Sept. 30 for Calendar Year Plans
Many employers that must file Form 5500 on behalf of their employee benefit plans must also provide plan participants with a summary annual report (SAR). The SAR is a summary of the information included in the Form 5500. Employers with plans that operate on a calendar year basis must provide the SAR bySept. 30, 2024. …
Compliance Overview – Open Enrollment 2025 – Health Savings Accounts (HSAs)
Employers who sponsor high deductible health plans (HDHPs) that are compatible with health savings accounts (HSAs) should prepare for open enrollment by: -Ensuring that employees understand how HSAs work, including the benefits of opening an HSA; and -Updating their HDHP’s design and communicating any plan changes to employees. There are many advantages to selecting an …
Compliance Overview – 2025 Open Enrollment Checklist
To get ready for open enrollment, employers who sponsor group health plans should be aware of compliance changes affecting the design and administration of their health plans for plan years beginning on or after Jan. 1, 2025. These changes include limits that are adjusted for inflation each year, such as the Affordable Care Act’s (ACA) …
Compliance Tracker – August
No Key Compliance Deadlines for August Employers with calendar-year plans should start preparing for open enrollment for the plan year starting Jan. 1, 2025. This process should include reviewing your company’s benefit offerings, working with vendors to make any benefit adjustments, updating benefit limits and contribution amounts for 2025, and preparing employee communications. View and …