Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2025.
As the new year approaches, it’s crucial for employers to stay informed about the latest updates for 401(k)s, Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and High Deductible Health Plans (HDHPs). Explore all the changes in this blog.
On October 1, 2025, the Nebraska Healthy Families and Workplaces Act (NHFWA) will take effect, mandating paid sick time in Nebraska for eligible employees. Ensure your business is ready with this rundown of all you need to know about it.
ICHRAs have several advantages over traditional group health plan coverage, but they are not the right fit for every employer. Before deciding whether to offer an ICHRA, employers should understand the benefits and drawbacks to this type of health care account.
In an evolving labor market, an attractive benefits plan is critical to maintaining a healthy, happy, and productive workforce, which can ultimately impact organizational productivity, engagement, and revenue. Read here to learn about this year's key employee benefits trends that can help employers attract and retain talented individuals.
The Department of Labor's final rule analyzing worker classification, which is expected to result in more workers being classified as employees, not independent contractors. Employers who reclassify workers as employees should consider how this change impacts their employee benefits and compliance requirements.
Employers subject to Employee Retirement Income Security Act of 1974 (ERISA) must electronically file Form 5500 by July 31, 2024. The Form 5500 is an annual report for each employee benefit plan the employer maintains, unless a filing exemption applies.
The DOL released a final rule, effective March 11, 2024, revising the agency's guidance on how to analyze who is an employee or independent contractor under the FLSA. Check out these changes and what this means for worker classification.
This quick reference guide provides an overview of qualifying life events that allow you to change your benefits elections outside of the standard enrollment period.
Employers sponsoring group health plans have some flexibility when deciding which groups of employees and dependents will be eligible for coverage. It's important to understand and adhere to these eligibility requirements when creating plans.
Employers should be aware of the top compliance issues that impact their health plan coverage for 2024, such as plan transparency requirements, ongoing ACA litigation, possible expansion of ACA’s contraceptive coverage mandate or proposed legislation at state and federal levels to regulate pharmacy benefit managers (PBMs).
Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2024.
CAA prohibits group health plans and health insurance carriers from entering into agreements with providers, TPAs, or other service providers that include language that would constitute a “gag clause.” Plans and issuers must annually submit an attestation of compliance with these requirements. The first attestation is due December 31, 2023.
When it comes to employee benefits, proper communication helps employees recognize the true value of their benefits, which can lead to an appreciation of the company’s investment in their health and well-being.
Learn how employers can kick off open enrollment efforts, including offering competitive benefits to meet workforce needs, crafting employee messaging and effectively communicating benefits offerings.
There are many advantages to selecting an HDHP/HSA option at open enrollment time. However, many employees may not be aware of these advantages or understand how the HSA rules apply to them.
When transitioning from fully insured to a self-insured health plan, the employer takes on more financial risk and responsibility, including compliance changes, in exchange for added transparency and flexibility.