admin_hr&p

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So far admin_hr&p has created 133 blog entries.

Deadline Reminder: RxDC Reports Are Due by June 1, 2024

2024-07-03T18:13:03+00:00

Deadline Reminder: RxDC Reports Are Due by June 1, 2024 Group health plans and health insurance issuers must annually submit detailed information on prescription drug and health care spending to the federal government. This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). This is an annual reporting requirement—plans and [...]

Deadline Reminder: RxDC Reports Are Due by June 1, 20242024-07-03T18:13:03+00:00

Court Ruling Expected Soon on Free Preventive Care

2024-07-03T18:13:03+00:00

Court Ruling Expected Soon on Free Preventive Care The 5th U.S. Circuit Court of Appeals is expected to issue a decision within the next few months regarding the constitutionality of the Affordable Care Act’s (ACA) preventive care mandate. The ACA requires non-grandfathered health plans and health insurance issuers to cover a set of recommended [...]

Court Ruling Expected Soon on Free Preventive Care2024-07-03T18:13:03+00:00

ACA Information Reporting Penalties Increased for Returns Filed in 2025

2024-07-03T18:13:03+00:00

ACA Information Reporting Penalties Increased for Returns Filed in 2025 IRS Revenue Procedure 2023-34 includes updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056. The increased amounts apply to 2024 information returns and individual statements [...]

ACA Information Reporting Penalties Increased for Returns Filed in 20252024-07-03T18:13:03+00:00

Form 5500 Deadline is July 31st

2024-07-03T18:13:03+00:00

Form 5500 Deadline is July 31st Each year, employers that are subject to the Employee Retirement Income Security Act of 1974 (ERISA) must electronically file an annual report (Form 5500) for each employee benefit plan they maintain unless a filing exemption applies. Employers with employee benefit plans that operate on a calendar year basis [...]

Form 5500 Deadline is July 31st2024-07-03T18:13:03+00:00

Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans

2024-07-03T18:13:04+00:00

Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions affecting Medicare Part D plans, which may impact the creditable coverage status of employer-sponsored prescription drug coverage beginning in 2025. Employers that provide prescription drug coverage to individuals who are eligible [...]

Medicare Part D Changes May Impact Creditable Coverage Status of Employer Plans2024-07-03T18:13:04+00:00

Report Shows Majority of Workers Are Dissatisfied With Health Benefits

2024-07-03T18:13:04+00:00

Report Shows Majority of Workers Are Dissatisfied With Health Benefits More than half of Americans under the age of 65 receive health insurance through their employer. Still, employers, in general,should consider diversifying their health benefits to improve employee satisfaction and retention, according to a new report from SureCo, an Individual Coverage Health Reimbursement Arrangement [...]

Report Shows Majority of Workers Are Dissatisfied With Health Benefits2024-07-03T18:13:04+00:00

President Biden Signs Executive Order Expanding Women’s Health Research

2024-07-03T18:13:04+00:00

President Biden Signs Executive Order Expanding Women’s Health Research President Joe Biden hinted at a women’s health initiative during his third State of the Union (SOTU) address in early March and, on March 18, 2024, signed an executive order promoting women’s health research. This announcement comes as many Americans celebrate Women’s History Month. The [...]

President Biden Signs Executive Order Expanding Women’s Health Research2024-07-03T18:13:04+00:00

Preparing for the DOL’s New Overtime Rule

2024-07-03T18:13:04+00:00

Preparing for the DOL’s New Overtime Rule In early March 2024, the U.S. Department of Labor’s (DOL) proposed overtime rule, announced in August 2023, entered its last stage of review. Publication of the final rule is expected soon. The rule would amend the requirements that employees in certain white-collar occupations must satisfy to qualify [...]

Preparing for the DOL’s New Overtime Rule2024-07-03T18:13:04+00:00

FMLA: Covered Employers

2024-07-03T18:13:05+00:00

FMLA: Covered Employers The federal Family and Medical Leave Act (FMLA) requires employers covered by the law to provide eligible employees unpaid, job-protected leave for qualifying reasons. Covered Employers The following employers are covered by the FMLA: Public agencies, including federal, state and local governments; Local educational agencies, including public and private elementary and [...]

FMLA: Covered Employers2024-07-03T18:13:05+00:00

Comparing HSAs, HRAs and FSAs: Which Approach Is Best?

2024-07-03T18:13:05+00:00

Comparing HSAs, HRAs and FSAs: Which Approach Is Best? Employers are increasingly looking to consumer driven health plans to help soften the blow of continually rising health care costs. Depending on the model, consumer driven health plans typically include health reimbursement arrangements (HRAs),flexible spending accounts (FSAs) or health savings accounts (HSAs). Consumer driven health [...]

Comparing HSAs, HRAs and FSAs: Which Approach Is Best?2024-07-03T18:13:05+00:00
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