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Compliance

Compliance (52)

Friday, 06 March 2020 07:36

Common Myths About ERISA

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The rules and regulations around ERISA compliance can be challenging to navigate. Many mistakes are made because a provision is omitted or misunderstood, which can be costly because the fines for non-compliance are staggering, even for small employers. To dispel the fiction out there about ERISA, we’ve created this list…
Friday, 07 February 2020 11:10

The Ten Most Common COBRA Mistakes

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The Consolidated Omnibus Budget Reconciliation Act, or COBRA, allows employees to continue their group health insurance at their own cost after they’ve been terminated from employment. COBRA is an employer law and there are significant penalties for non-compliance (up to $100/day for single coverage and $200/day for family coverage). Because…
It’s been quite an eventful year for legislators both at the Colorado Capitol and in Washington, DC. Though Congress has been largely unable to pass any comprehensive legislation addressing healthcare or employment concerns in 2019, the Colorado Legislature was busy this year working on several must-know laws which could impact…
Despite numerous attempts over recent years to repeal The Affordable Care Act (ACA), the requirement for certain reporting is still the law of the land. The deadline of January 31st, 2020 to distribute 1095-Bs or 1095-Cs to employees is fast approaching, and vendors get booked up early to complete the…
Friday, 12 July 2019 11:29

The Expanded HRA Rules

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In June, the Trump Administration issued new rules expanding the function of Health Reimbursement Arrangements (HRA) in an attempt to provide employers additional options for providing health coverage. These rules, which will go into effect in January 2020, create two new ways to offer pre-tax dollars for purchasing health coverage:…
The IRS recently announced the changes to the contribution limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in 2020. Also in this article, we’ve answered some of the most common questions we receive on HSAs. See if you know the answers before you read ours!
California has recently passed a new anti-harassment law that applies to employers with employees that live or work in California, regardless of what state the employer is based. SB 1343 was signed by Governor Brown, which requires employers with five or more total employees to provide sexual harassment training to…
On November 29th, the IRS announced an extension for furnishing 2018 IRS Forms, 1095-B and 1095-C to employees from January 31, 2019 to March 4, 2019 (IRS Notice 2018-94). The extension, however, does not extend the due date for employers, insurers, and other providers of minimum essential coverage to file …
The Medicare Part D Notice is just one of the many compliance responsibilities to which most employer health plans are subject. Since this notice is due in just a couple of weeks, continue reading for what you need to do.
The Patient Centered Outcomes Research Institute (PCORI) fee is due July 31, 2018 for employers with any type of self-funded plan and/or a Health Reimbursement Arrangement. The fee helps fund unbiased research that evaluates the clinical effectiveness of medical treatments regardless of the profit potential. This fee is also known…
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