Post-Election Compliance Update
By: Ben Graves, JD., Director of Research and Compliance at Hays Companies.
With Republican control of both houses of Congress and the Presidency now confirmed, we wanted to provide an update of how we think employee welfare benefits will be impacted from a compliance perspective for the near future.
The rules that were already in place before the election are still in place. There are looming deadlines including employer reporting and payment of reinsurance fees that will occur by the end of January. Having said that, there should be some great opportunities to take advantage of new flexibility and options that have been off the table for a few years now. One example would be the possible return of premium reimbursement plans, which were a great tool for employers operating in markets where it was difficult to get a reasonable quote (or any quote at all). Hays Companies Research and Compliance will work diligently to help identify these opportunities as they appear.
Our ACA Compliance newsletter provides an overview of the election’s impact on employee welfare benefit plan compliance issues.
Also, we are providing an educational webinar titled “Compliance After the Election”. During the webinar we will discuss:
- What employers should do for the immediate future,
- Possible changes to the Affordable Care Act and other employee benefits laws,
- Possible new legislation or regulations, and possible future opportunities
We are offering two webinar date options:
Monday, December 5th, 2016 3:00 PM, Central Time
Tuesday, December 6, 2016 11:00 AM, Central Time
If you have any questions, please contact Hays Companies Research and Compliance team at firstname.lastname@example.org.