2020 ACA Out-Of-Pocket Maximums and Health Savings Account Limits

As the Hays Research and Compliance team looks towards the new year, we want to inform our clients that there will be two plan design changes to consider for 2020: Affordable Care Act out-of-pocket maximum dollar limits, and, High Deductible Health Plan limits. Affordable Care Act Out-Of-Pocket Maximum Dollar Limits This April, the U.S. Department […]

Issues to Consider for 2020 Renewals

Affordability Safe Harbors The safe harbor percentage for 2019 is 9.86% (IRS per Rev. Proc. 2018-34). The safe harbor percentage for 2020 is 9.78% (IRS per Rev. Proc. 2019-29). Employer Shared Responsibility Tax (employer mandate) – applicable to the 2018 plan year 4980(a) tax for not offering minimum essential coverage to at least 95% of […]

Compliance Webinar | HIPAA: Protecting Your PHI and Protecting You From Penalties

In this 1-hour webinar, presented by Hays Companies Research and Compliance Department, we present an overview of HIPAA Privacy and Security rules applicable to group health plans, as well as the latest requirements for the privacy and security of protected health information (PHI) and the role of the employer as plan sponsor. Other topics include: […]

Final Regulations Expand Options for HRAs

On Thursday, June 13, the combined agencies of the Department of the Treasury, the Department of Labor, and the Department of Health and Human Services (“the agencies”) released final rules allowing for the reimbursement of premiums for individual coverage through an employer sponsored HRA.  These changes also allow for some HRAs to qualify as excepted […]

Compliance Webinar | Planning for Mergers and Acquisitions

In today’s business environment, companies are frequently bought or sold.  Transactions can be structured as a stock sale, an asset sale, a merger of two companies who are forming a separate company, or a “spin-off” in which a part of an operating unit is separated from the former company and a new company is formed.  […]

Creating a Stigma-Free Workplace: 6 Tips to Improve Mental Health

Although society has made significant strides in recent years to remove the negative association surrounding mental health, research shows many employees will not seek mental health visits due to the stigma and confusion around what mental health entails. In some cases, employees will delay seeking treatment for months or years. The National Alliance on Mental […]

Why Human Resources Departments Should Consider Text Messaging

Employee Benefits can be complicated, but it’s essential that they’re understood. It’s why human resources departments are always on the lookout for new forms of communications—for benefits to be chosen and implemented successfully, employees need to know the ins and outs of their offered healthcare plans and retirement options. Text messages allow HR departments to […]