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Health & Welfare Plans Newsletter

December 28, 2022

2 New Job Opportunities 2 New Job Opportunities

 

[Guidance Overview]

Tri-Agencies Provide Good Faith Reliance Relief and Grace Period for Prescription Drug Reporting Obligations

"Some might say the HIOS account setup is a more difficult undertaking than completing and uploading the data files, so this flexibility is helpful for those employers struggling with establishing a HIOS account or submitting the required data files.... [E]mployer plan sponsors will want to work with their partners to ensure filings are completed by Jan. 31, 2023. Once reporting for 2020 and 2021 are complete, employer plan sponsors can turn their eyes toward 2022 filing obligations, due on June 1, 2023."  MORE >>

Lockton

[Guidance Overview]

Agencies Issue Prescription Drug Reporting Relief for 2020 and 2021

"The guidance is limited to the submissions for the 2020 and 2021 reference years; regulators will continue to monitor compliance efforts to determine if additional guidance is needed prior to future submission deadlines and expect that plans and issuers will work in good faith toward full compliance in the future.... If a group health plan or its reporting entity is submitting only the plan list (P2), premium and life-years data (D1) and a narrative response, it may submit files by email ... instead of using the Health Insurance Oversight System (HIOS)."  MORE >>

Mercer

[Guidance Overview]

RxDC Reporting Relief for Plans, Issuers, and Plan Service Providers

"The Departments are temporarily relaxing the requirements regarding duplicative submissions for reporting entities, which will come as a welcome relief to plan service providers who are in the process of preparing and submitting RxDC reports for multiple plan or issuer clients. Contrary to the Rules and Instructions, the Departments will allow reporting entities to submit more than one submission for the 2020 and 2021 reference years rather than including the data of all clients within a single set of plan lists and data files for the year."  MORE >>

Foley & Lardner LLP

Guide to Correcting ACA Reporting Mistakes

"Common ACA reporting mistakes [are described] ... Forms 1095-C filed with incorrect dollar amounts on line 15, Employee Required Contribution, may fall under a safe harbor for certain de minimis errors.... You are not required to file corrected returns for missing or incorrect TINs if you meet the reasonable cause criteria.... [If] you have 300 Forms 1095-C to correct, they must be filed electronically."  MORE >>

OneDigital

Top Health Trends Headlines for 2023

"[1] Per-person medical cost increases are back to pre-pandemic levels ... [2] COVID-19 continues to have an impact on the claims experience ... [3] Plan modernization has begun ... [4] The mental health gaps persist ... [5] Plan management requires greater rigor."  MORE >>

Mercer

Employee Benefits Jobs

View job as Contribution Processor
            for Retirement, LLC

Contribution Processor

Retirement, LLC

Remote / Oklahoma City OK

View job as Contribution Processor for Retirement, LLC

View job as Relationship Manager for Defined Benefit/Cash Balance
            for The Retirement Plan Company (TRPC)/an ABG firm

Relationship Manager for Defined Benefit/Cash Balance

The Retirement Plan Company (TRPC)/an ABG firm

Remote

View job as Relationship Manager for Defined Benefit/Cash Balance for The Retirement Plan Company (TRPC)/an ABG firm

Selected New Discussions

5500 H&w File a Final with 4r?

"Company is sold to another larger company which brings all employees onto their set of benefit plans. Employees are covered by selling company for 2 months after the purchase date so as to finish the year off at 12/31 with the same benefits. At 1/1 they are under the new company's benefits. 1 employee stays on the old plan for two more months (ie the plan exists until 2/28). No need to file an additional 5500 since beginning of final year < 100. So seems logical to file the 12/31 5500 with Code 4R and then mark as Final?"

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Last Issue's Most Popular Items

Tri-Agencies Issue Welcome Relief on Prescription Drug Reporting

Proskauer

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Omnibus Bill Extends HDHP Telehealth Safe Harbor

McDermott Will & Emery

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

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