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Benefits Buzz Newsletter - December 2019

12/9/2019

 
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​This month's Benefits Buzz announces the new FSA contribution limits and discusses the DOL's new proposed method for retirement plan disclosures.
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HR Brief Newsletter - December 2019

12/3/2019

 
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This month's HR Brief focuses on LGBTQ discrimination under the Civil Rights Act and offers tips for planning a seasonal workplace party.
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Affordable Care Act: 2020 Compliance Checklist

11/26/2019

 
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Several ACA requirements will be affected by changes that take effect in 2020, such as increased dollar limits and affordability percentages. To prepare for 2020, employers should review upcoming requirements and develop a compliance strategy. This ACA Overview provides an ACA compliance checklist for 2020.
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DOL Proposes Revisions to the Fluctuating Workweek Overtime Method

11/26/2019

 
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On Nov. 5, 2019, the DOL published a proposed rule to update the “fluctuating workweek” method for calculating employee overtime wages under the FLSA. The proposal would enable employers to give incentive payments to employees who are paid under the fluctuating week method.
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Final Rule on Hospital Price Transparency Released - Video

11/26/2019

 
On Friday, Nov. 15, 2019, the Trump administration released its final rule regarding hospital price transparency. This final rule will take effect Jan. 1, 2021. This News Brief video explains further.

Draft Forms for 2019 ACA Reporting Released

11/26/2019

 
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On Nov. 13, 2019, the IRS released draft 2019 forms and instructions for ACA reporting under Code Sections 6055 and 6056. The 2019 draft forms and instructions are substantially similar to the 2018 final versions. Note that Section 6055 reporting continues to be required, despite the fact that the individual mandate penalty has been reduced to $0. This ACA Compliance Bulletin provides an overview of the draft forms and instructions.
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Comparing Different Types of HRAs

11/26/2019

 
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Implementing a health reimbursement arrangement (HRA) can be difficult for employers because there are many plan design rules for these accounts. This Compliance Overview compares key features for the different types of HRAs, including individual coverage HRAs (ICHRAs), excepted benefit HRAs (EBHRAs), retiree-only HRAs and traditional HRAs that are integrated with the employer's group health plan.
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Employee Benefit Plan Limits for 2020

11/26/2019

 
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Many employee benefits (such as HSAs, health FSAs and transportation fringe benefit plans) are subject to annual dollar limits that are periodically updated for inflation. This Compliance Overview includes a chart of the inflation-adjusted limits for 2020.
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Proposed Rule on Health Care Transparency to Affect Some Employer Plans

11/26/2019

 
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​On Nov. 15, 2019, the Departments issued a proposed rule regarding transparency in coverage that would impose new transparency requirements on group health plans and health insurers in the individual and group markets. Specifically, the proposed rule would require plans and issuers, including self-insured plan sponsors, to disclose certain information regarding consumer costs. This Health Care Compliance Bulletin provides an overview of the proposed rule.
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2020 Health Plan Compliance Deadlines

11/26/2019

 
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Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans. This Compliance Overview explains key 2020 compliance deadlines for employer-sponsored group health plans. It also outlines group health plan notices that employers must provide annually.
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