Vaccine incentives for employees and health plan participants have made headlines recently. Ultimately, most vaccine incentive programs will have to comply with the guidelines created for wellness plans, regardless of whether the incentive is a reward or a surcharge.
Employers providing health and welfare benefits subject to ERISA must understand the responsibilities and standards of conduct that come with managing the plan and its assets. Join us as we break down the key administrative challenges and compliance obligations for ERISA fiduciaries.
As the unemployment rate continues to decline and many employees, current or potential, are examining their career choices, employers are engaging with a renewed focus to improve their overall employee experience.
Each year, sponsors of health and welfare benefit plans are required to file Form 5500 unless a small plan or other regulatory exemption applies. The filing deadline is the last day of the seventh month after the end of the plan year – which for a plan operated on a calendar year basis is July 31st each year.
The IRS recently released Notice 2021-31 which provides a set of FAQs regarding the COBRA subsidies under the American Rescue Plan Act (ARPA).
Watch a recorded webinar titled “Understanding and Managing Your Company’s Safety Measurement System (SMS) and CAB Reports.” Topics covered include:
Since 1974, the Employee Retirement Income Security Act (ERISA) has significantly impacted employee welfare benefit plans and the requirement for plan documents. ERISA is complex and often confusing, but a necessity for Employee Benefits professionals to understand. For example, why do we provide a Summary of Benefits and Coverage when we already provided a Summary Plan Description?
Section 125 Cafeteria Plan status change rules and HIPAA special enrollment events can be complex to navigate and account for a large number of the questions that the Brown & Brown and Hays Companies Research and Compliance team answers on a daily basis. As a result, we are once again (yes, we say this every year) doing our educational compliance seminar explaining status change events that allow for mid-year health and FSA election changes and how to best handle employee requests while remaining compliant. Watch the recorded webinar for a better understanding of the status change events and what to do when an employee requests such a change.
Combine the Outbreak Period rules with the new COBRA subsidy relief in the American Rescue Plan Act of 2021 and you get a quagmire of issues and considerations for plan sponsors across the country. Watch the recorded webinar where we dive into the new legislation and provide a general overview of the legislation’s impact on health and welfare plans.