BenefitsLink.com logo
EmployeeBenefitsJobs.com logo

Health & Welfare Plans Newsletter

October 13, 2022

3 New Job Opportunities 3 New Job Opportunities

 

[Guidance Overview]

IRS Expands Access to ACA Subsidies for Families

"Important for plan sponsors is that nothing will change for their obligations under the ACA's employer mandate. Large employers must still provide coverage that is affordable based on the cost to the employee only or face a penalty. There is still no penalty if the coverage is unaffordable for family coverage."  MORE >>

Graydon

[Sponsor]

How Healthy is Your Health Plan? An Interactive 7-point Checkup for Employers

Download the free "How Healthy is Your Health Plan?" eBook for tactical strategies on strengthening your benefits offering and supporting a happy and healthy workforce.

Sponsored by Centivo

[Guidance Overview]

Exceptional Usefulness and Quality icon Employer-Sponsored Coverage and Premium Tax Credit Eligibility

"[This] Q&A explains how employer-sponsored health insurance affects a family's eligibility for a premium tax credit, and when employees and their family members can forgo an offer of employer coverage and purchase coverage in the health insurance marketplace with the help of a premium tax credit."  MORE >>

Center on Budget and Policy Priorities

[Guidance Overview]

Exceptional Usefulness and Quality icon Employer Coverage and Premium Tax Credit Eligibility Guide

"[This guide] explains eligibility rules for individuals with offers of employer-sponsored coverage. It covers how to determine whether employer-sponsored coverage is affordable and minimum value, as well as special rules that reduce an employee’s required contribution. The guide also offers details and examples on how ICHRAs and QSEHRAs work with marketplace plans."  MORE >>

Center on Budget and Policy Priorities

[Guidance Overview]

IRS Releases 2022 Draft Instructions for Forms 1094-C and 1095-C

"The draft instructions for the Forms 1094-C and 1095-C for the 2022 reporting season were released in early October with only nominal changes compared to 2021. However, and importantly, employers who file incorrect or incomplete Forms 1095-C with the IRS may suffer costly penalties that the IRS did not begin to utilize until the 2021 reporting season. [This article explores] the changes made in the draft instructions for the Forms 1094-C and 1095-C in 2022."  MORE >>

Accord

[Guidance Overview]

What Employers Should Know About Non-English Language Assistance Requirements Under ERISA and the ACA

"There is no requirement under ERISA that summary plan descriptions (SPDs) and summaries of material modifications be provided in any language other than English. However, where a plan covers a large enough population of participants who are only literate in the same non-English language, assistance in that non-English language must be offered.... The ACA requires that certain group health plan materials be provided in a 'culturally and linguistically appropriate manner.' The group health plan materials at issue include the summary of benefits and coverage (SBC) and appeal notices under the enhanced group health plan claims procedures."  MORE >>

KLB Benefits Law Group

[Guidance Overview]

Alert (High Risk Issue) icon Philadelphia Employers Must Offer Commuter Transit Benefits

"Employers (excluding government employers) with 50 or more 'covered employees' are subject to the new Ordinance. A covered employee is anyone who has worked an average of at least 30 hours per week for the past 12 months for compensation in Philadelphia for the same employer.... Failure to comply with this Ordinance could result in fines against an employer ranging from $150 to $300 per day for each day an employer is not in compliance. "  MORE >>

Fox Rothschild LLP

Global Healthcare Benefit Costs Projected to Jump 10% in 2023

"[T]he healthcare benefit cost trend rose from 8.2% in 2021 to a higher-than-anticipated 8.8% in 2022 -- and is projected to rise yet further in 2023 to a stubbornly high global average of 10%. The cost trend increases will hit many regions, including Latin America (where average increases are projected to climb from 18.2% to 18.9%), Asia Pacific (climbing from 6.9% to 10.2%), and the Middle East and Africa (climbing from 10.5% to 11.5%)."  MORE >>

Willis Towers Watson

Benefits in General

[Guidance Overview]

New DOL Independent Contractor Proposed Rule

"The new rule focuses the analysis of worker classification on whether workers are in business for themselves to determine whether they are independent contractors.... [T]he DOL will look at whether workers can meaningfully negotiate their pay for the work, whether they accept a particular consulting job, whether they control when they work on the job, whether they engage in activities like marketing to expand their business, and whether the workers are the ones purchasing materials or equipment."  MORE >>

Williams Mullen

Employee Benefits Jobs

View job as 401k & Defined Contribution Plan Consultant
            for Planned Retirement Consultant & Administrators, LLC

401k & Defined Contribution Plan Consultant

Planned Retirement Consultant & Administrators, LLC

Remote / Ridgewood NJ

View job as 401k & Defined Contribution Plan Consultant for Planned Retirement Consultant & Administrators, LLC

View job as Defined Benefit Plan Consultant
            for Planned Retirement Consultants & Administrators, LLC

Defined Benefit Plan Consultant

Planned Retirement Consultants & Administrators, LLC

Remote / Ridgewood NJ

View job as Defined Benefit Plan Consultant for Planned Retirement Consultants & Administrators, LLC

View job as Benefits Specialist
            for New York Blood Center

Benefits Specialist

New York Blood Center

NY

Press Releases

New Transamerica Program Aids Small Businesses in Employee Retirement and Health Savings

Transamerica

Federal Court Orders Defunct Michigan Company, CEO, President to Restore More Than $25,000 to Two Employee Benefit Plans

Employee Benefits Security Administration [EBSA], U.S. Department of Labor

iJoin Encourages Action with 'It's Go Time' Campaign

iJoin

OneDigital Strengthens Benefits Capabilities With Acquisition of GHC Associates, Inc. In Virginia

OneDigital

Last Issue's Most Popular Items

IRS Final Regs Adopt 'Family-Friendly' Health Care Affordability Test

Journal of Accountancy

IRS Finalizes 'Family Glitch' Regs Ahead of 2023 Open Enrollment Period

Health Affairs Forefront

What's Old Is New Again: DOL Proposes a Sort-of-New Employee v. Independent Contractor Rule

Warner Norcross & Judd LLP

Unsubscribe  |   Change Email Address

Search Past Issues   |   Privacy Policy

Submit an Article   |   Contact Us   |   Advertise Here

Copyright 2022 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.

BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587.

Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers. We are not involved in their production and are not responsible for their content.