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Pay or Play Affordability Percentage Will Decrease for 2024

published: August 25, 2023 | tagged in: Compliance Updates, Employee Benefits, Employee Benefits Compliance News, Healthcare Reform, Insurance Costs
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Pay or Play Affordability Percentage Will Decrease for 2024

On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s plan under the Affordable Care […]
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How Employers Should Handle MLR Rebates

published: August 11, 2023 | tagged in: Compliance Updates, Employee Benefits Compliance News, News
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How Employers Should Handle MLR Rebates

The Affordable Care Act (ACA) established medical loss ratio (MLR) rules to help control health care coverage costs and ensure that enrollees receive value for their premium dollars. The […]
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DRAFT FORMS FOR 2023 ACA REPORTING RELEASED

published: July 28, 2023 | tagged in: Compliance Updates, Employee Benefits Compliance News
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DRAFT FORMS FOR 2023 ACA REPORTING RELEASED

The IRS has released draft 2023 forms for reporting under Internal Revenue Code Sections 6055 and 6056. Draft instructions for these forms have not yet been released. 2023 draft […]
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The PWFA is in Full Swing: Are You Ready?

published: July 11, 2023 | tagged in: Compliance Updates, Employee Benefits, Employee Benefits Compliance News, News
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The PWFA is in Full Swing: Are You Ready?

The Pregnancy Workers Fairness Act (PWFA) is now in effect as of June 27. This act focuses on the requirement for employers to provide “reasonable accommodations” to pregnant workers, […]
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Health Plans Must Submit Gag Clause Attestations by Dec. 31, 2023

published: June 30, 2023 | tagged in: Compliance Updates, Employee Benefits, Employee Benefits Compliance News, News
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Health Plans Must Submit Gag Clause Attestations by Dec. 31, 2023

On Feb. 23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of […]
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HSA Contributions for Adult Children on Parents’ Health Coverage

published: June 16, 2023 | tagged in: Compliance Updates, Employee Benefits Compliance News
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HSA Contributions for Adult Children on Parents’ Health Coverage

Adult children who are covered under their parents’ high deductible health plans (HDHPs) may be eligible to establish their own health savings accounts (HSAs) and make tax-favored contributions. Although […]
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DOL Issues Opinion Letter About Holidays During FMLA Leave

published: June 9, 2023 | tagged in: Compliance Updates, Employee Benefits Compliance News
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DOL Issues Opinion Letter About Holidays During FMLA Leave

On May 30, 2023, the Wage and Hour Division (WHD) of the U.S. Department of Labor issued Opinion Letter FMLA2023-2-A: “Whether Holidays Count Against an Employee’s FMLA Leave Entitlement […]
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HSA/HDHP Limits Will Increase for 2024

published: June 2, 2023 | tagged in: Compliance Updates
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HSA/HDHP Limits Will Increase for 2024

On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The […]
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Family Glitch: Understanding the Fix

published: June 1, 2023 | tagged in: Compliance Updates, Employee Benefits, Employee Benefits Compliance News, Healthcare Reform
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Family Glitch: Understanding the Fix

A new hurdle has emerged among the numerous challenges families face today—the family glitch. This glitch refers to the inequities associated with the affordability test for employer-sponsored health coverage. […]
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PROPERTY/CASUALTY MARKET REPORT – Q1 2023

published: May 25, 2023 | tagged in: Cyber Security, Emerging Risks, Intellectual Property, News, Risk Management, Risk Management Compliance News
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PROPERTY/CASUALTY MARKET REPORT – Q1 2023

Q1 2023 was the 22nd consecutive quarter of premium increases, at 8.8%. Large accounts saw the highest increase, at 11.4%. Most lines of business experienced premium increases comparable to […]
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