Compliance Bulletin – HSA/HDHP Limits Will Increase for 2025
On May 9, 2024, the IRS released Revenue Procedure 2024-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2025. The IRS is required to publish these limits by June 1 of each year. Employers sponsoring HDHPs should review their plan’s cost-sharing limits (i.e., the minimum deductible …
Compliance Bulletin – Preparing for the FTC’s Noncompete Ban
On April 23, 2024, the Federal Trade Commission (FTC) voted to issue a final rule that would prohibit employers from entering into or enforcing noncompete clauses with most employees. The final rule was published in the Federal Register on May 7,2024, and is scheduled to take effect 120 days after such date on Sept. 4, …
Compliance Tracker – May
No key compliance deadlines for May 2024 Upcoming Compliance Dates: A | Submit RxDC Report – June 1, 2024 Group health plans must annually submit detailed information on prescription drug and health care spending to the federal government. B | File EEO-1 Report – June 4, 2024 Private-sector employers with 100 or more employees and …
Compliance Bulletin – Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans
The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions affecting Medicare Part D plans, which may impact the creditable coverage status of employer-sponsored prescription drug coverage beginning in 2025. Employers that provide prescription drug coverage to individuals who are eligible for Medicare Part D must inform these individuals and the Centers for Medicare …
Compliance Bulletin – Mental Health Parity Compliance Remains a Key Focus in 2024
The federal government is continuing its efforts to improve access to mental health and substance use disorder (MH/SUD) care in 2024, with a top enforcement priority being compliance with the Mental Health Parity and Addiction Equity Act (MHPAEA) for employer-sponsored health plans. MHPAEA is a federal law that prevents group health plans and health insurance …
Compliance Bulletin – Form 5500 Deadline is July 31st
Each year, employers that are subject to the Employee Retirement IncomeSecurity Act of 1974 (ERISA) must electronically file an annual report(Form 5500) for each employee benefit plan they maintain unless a filingexemption applies. Employers with employee benefit plans that operate on a calendar yearbasis must file their annual reports for 2023 with the U.S. Department …
Compliance Tracker – April
A | Filing Deadline for Affordable Care Act (ACA) Returns (Electronic Reporting) – April 1, 2024 Applicable large employers (ALEs) and non-ALEs withself-insured plans must file their ACA returns with theIRS by April 1, 2024, if filing electronically. Beginningin 2024, most employers are required to file their ACAreturns electronically. B | EEO-1 Data Collection Begins …
2024 HR Calendar Monthly Reminders
Between navigating the changing economic environment, addressing new attraction and retentiontrends and balancing day-to-day operations, 2024 will likely be a busy and challenging yearfor HR professionals. So, now is the time for HR teams to prepare their organizations and employeesfor 2024. Creating a calendar of reminders will allow HR professionals to be more organizedand productive …
December HR Compliance Deadlines 2023
KEY DEADLINES Dec. 15, 2023—Provide SAR to plan participants (calendar- year plans only) – if Form 5500 deadline was extended Provide an SAR to covered employees by Dec. 15, 2023, if the plan’s form 5500 deadline was extended. In general, the SAR must be provided within nine months of the close of the plan year. …
November HR Compliance Deadlines 2023
KEY DEADLINES COMPLIANCE REMINDERSAs the end of the year approaches, consider taking the following steps to encourage employees to utilize any unused benefits for 2023: View and download the HR November Compliance Deadlines
Client and Employee Resources
The more your employees understand your benefit plans the more they become educated, empowered consumers. The programs you provide will also gain an enhanced value.
As your strategic partners in employee benefits, we can provide multiple avenues of ongoing support, including:
- Employee Meetings (English and Spanish)
- Webcasts
- Payroll Stuffers
- Poster Campaigns
- Newsletters
Carrier Directories
E-Verify is a web-based system that allows enrolled employers to confirm the eligibility of their employees to work in the United States. Click the image below to begin.
