This month's Benefits Buzz announces the new FSA contribution limits and discusses the DOL's new proposed method for retirement plan disclosures.
This month's HR Brief focuses on LGBTQ discrimination under the Civil Rights Act and offers tips for planning a seasonal workplace party.
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.
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.
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.
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.
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.
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.
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.
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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