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[Guidance Overview]
IRS Issues FAQs About Tax Credit for Paid Family Leave
"[E]mployers with fewer than 50 employees are also eligible for this tax credit if they offer FMLA-like leave.... An employer cannot claim the credit for any paid leave provided by the employer to comply with a state or local law or for leave paid by a state or local government."
Kushner & Company
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[Advert.]
Learn From Harvard Medical School Faculty
![Sponsored by International Foundation of Employee Benefit Plans [IFEBP] Sponsored by International Foundation of Employee Benefit Plans [IFEBP]](https://benefitslink.com/bnrs/2017/IFEBP_HarvardHealth_top.jpg)
Focusing on evidence-based strategies and faculty research in areas like behavioral economics, choice architecture and social determinants on today's, this program will garner new ideas for cost savings now and in the future. Register today.
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Responding to IRS Employer Mandate Assessment Letters
"Unless the IRS receives a response within 30 days, the agency will assume that its facts and penalty amount are correct. It appears that employers will be notified of 2016 proposed assessments either later in 2018 or in 2019. Providing the IRS with updated information or correcting filing errors is likely to reduce or even eliminate the assessment."
Willis Towers Watson
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Emerging Risks for Employer-Sponsored Health Plans
"Allegedly defective COBRA notices have resulted in three class action settlements against the employer sponsoring the plan and responsible for the COBRA compliance as the plan sponsor in recent years.... The change in the individual mandate penalty to $0 in 2019 coupled with the additional flexibility in what is covered in individual policies on the exchanges my mean that employees may look to alternative coverage through an exchange or to opt out of coverage entirely in 2019, so employers should be certain that their rules for enrollment and special enrollments are clearly communicated to preclude the risk of adverse selection."
Winstead PC
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2018 Colorado Employer-Provided Benefits Survey Report (PDF)
18 pages. "Colorado employers reported that their average increase before plan design changes was 7.7 percent. However, their final rate increase after plan changes was reduced to 5.8 percent.... Employers identified the prescription drug costs as the most significant factor affecting plan rate increases.... Last year, for the first time in the 1 7-year history of this survey, the number of employers (47.7 percent) offering a self-funded plan outpaced the number of employers (35.5 percent) offering fully insured plans."
Lockton
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Paid Sick Leave Requirements Beginning to Resemble a Crazy Quilt of Legislation
"The basic starting point is to determine whether you can use a 'one-size-fits-all' policy and whether it makes sense to do that.... Trying to use a single policy means committing to the most generous (employee-friendly) options in each jurisdiction, including those locations where the law does not require such a level of generosity."
Foley & Lardner LLP
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Medicare Advantage: The Future Model of Care
"Medicare Advantage plans have set a good example for the healthcare industry by providing greater transparency and accountability -- and moving towards outcomes-based payments. The star-ratings system for plans has given consumers more transparency into their care and has pushed insurers to improve the quality of their services to compete."
BDO Center for Healthcare Excellence and Innovation
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Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
BenefitsLink Health & Welfare Plans Newsletter, ISSN no. 1536-9595. Copyright 2018 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
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