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.
To prepare for compliance with the ACA's employer shared responsibility rules, employers using the look-back measurement method for determining full-time status for 2019 will need to begin tracking their employees' hours of service in 2018 to have corresponding stability periods for 2019. This ACA Overview provides a summary of when employers should begin tracking employee hours.
On Oct. 15, 2019, a federal court vacated parts of the ACA's Section 1557 nondiscrimination regulations. Specifically, court eliminates provisions related to gender identity and termination of pregnancy. This ACA Compliance Bulletin provides an overview of the court's ruling.
How to use this Library
From compliance questions to "what is this?" definitions, this library can help answer your benefits-related questions. Search by category.