Compliance Webinar | COBRA: A Continuing Conversation

Although the Affordable Care Act has taken center stage, other employee benefit rules still remain in force, and plan sponsors are responsible for ensuring they administer their plans appropriately according to the rules and regulations

State Individual Mandate: Employer Reporting

Recently, several states have enacted legislation mirroring the individual mandate under the Affordable Care Act (ACA). While Congress has repealed the IRS penalties associated with the individual federal mandate, certain states have taken it upon themselves to implement their own mandates requiring residents to maintain qualifying health coverage.

Recruitment and Retention: Say Hello to the New Workforce

We are rapidly approaching a tipping point in the American workforce. Baby Boomers are retiring en masse, giving Gen Xers and Millennials an unprecedented opportunity for career advancement. At the same time, the oldest members of Gen Z are graduating college and filling entry-level positions. The future of many companies is dependent upon hiring and […]

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

Co-authored by: Hays Health Strategies Consultants Amy Vitale & Cecelia Weir 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 […]

Compliance Webinar | 2019 Employer Reporting: a 1094-C and 1095-C Refresher

2019 Forms and Instructions for Forms 1094-C and 1095-C have been released by the IRS, and we anticipate seeing final forms shortly.  Although 2019 marked the end of the individual health coverage mandate penalties, very few changes have been proposed to the employer ACA reporting requirements.

Health FSAs: When do HIPAA’s Requirements Apply?

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) is a federal law designed to improve the health care delivery system. Because a Health FSA (HFSA) is technically a health plan, HIPAA’s requirements related to privacy and security (which are referred to as HIPAA’s Administrative Simplification provisions) apply to most HFSA’s.

IRS, EBSA and HHS Release Proposed Rules on Transparency in (Health Care) Coverage

In response to an Executive Order on Improving Price and Quality Transparency in American Healthcare to Put Patients First issued June 24, 2019, proposed regulations were released by the Internal Revenue Service (IRS), Health and Human Services (HHS) and the Employee Benefits Security Administration (EBSA) on November 12, 2019.

IRS Announces Employee Benefit Plan Limits for 2020

Highlights The IRS announced cost-of-living adjustments to the annual dollar limits for employee benefit plans. Many of these limits will increase for 2020. In 2020, employees may contribute more money to their HSAs, health FSAs and 401(k) accounts. Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The […]

HSAs & FSAs: Eligibility and Contribution Limits

HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts): Are both accounts designed to help employees put aside money to pay for extra medical expenses on a pre-tax basis, both have rules around maximum contributions and permissible distributions, and both have remarkably similar sounding acronyms. However, the similarities for the most part, stop here.