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3 New Job Opportunities
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[Guidance Overview]
DOL Proposes to Rescind Association Health Plan Regs (PDF)
"The DOL's post-ruling guidance prohibited AHPs formed under the regulations from marketing to and signing up new members, so there likely are few, if any, AHPs that would be affected by this action. Nevertheless, rescinding the expanded rules would resolve any lingering
uncertainty. Public comments may be submitted by February 18, 2024. " MORE >>
Thomson Reuters / EBIA
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[Guidance Overview]
Time to Review Non-English Language Requirements for SBCs and Claims Notices
"In addition to shifts in population, the CLAS County Data has increased from four languages to eight.... In Florida, based on the 2012 data, there were eight counties in which Spanish was the primary language for at least 10% of those living there. In this new report, there are
nine counties to which that applies, Broward County joining the list.... Under the 2012 data, Indiana had no counties on the list, in 2023 there is one county where Pennsylvania Dutch is prevalent." MORE >>
KLB Benefits Law Group
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[Guidance Overview]
2023 ACA End-of-Year Review
"Cost of ACA employer mandate penalties to rise in 2024 ... ... A drop in the ACA affordability percentage for 2024 ... New electronic filing rules for small businesses ... Electronic correction submissions restrictions ... ACA preventive care mandates ...
Important deadlines to keep in mind." MORE >>
Equifax
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[Guidance Overview]
IRS Announces Indexing Factor to Calculate No Surprises Act's Qualifying Payment Amount for 2024 (PDF)
"The percentage increase from 2023 to 2024 is 1.0543149339. After applying the percentage increase, group health plans and insurers may round any resulting QPA to the nearest dollar. ... The table of cumulative percentages and examples provided in [Notice 2024-01] may be helpful" MORE >>
Thomson Reuters / EBIA
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[Guidance Overview]
No Surprises Act End-of-Year Update: A New Administrative Fee Is Set, and the Arbitration Portal Is Fully Functional
"The departments opted to increase the rate but heeded suggestions to tweak the methodology for projecting the volume of administrative fees that would be paid in the upcoming year. The resulting higher number allowed for a lower fee per case than had been
proposed." MORE >>
Healthcare Financial Management Association [HFMA]; free registration required
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Employers Looking to Drive Engagement by Consolidating Benefits, Adding Virtual Specialty Care
"Although 86% are satisfied with their current health and medical benefit offerings, they are inundated with the management of 49 or more narrowly focused, condition-specific point solutions." MORE >>
BenefitsPro; free registration required
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Philadelphia COVID-19 Paid Sick Leave Ordinance Ending
"The COVID-19 Paid Sick Leave Ordinance, which requires [businesses with 25 or more employees] to provide up to 40 hours of additional paid sick leave to eligible employees when they are unable to work for certain COVID-19 reasons, will expire on December 31, 2023. However,
covered employers will still be required to keep all compliance records for this law for two years (through December 31, 2025)." MORE >>
OneDigital
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Creating the Best Digital User Experience for Health Plans
"While [CI's] surveys repeatedly find that users are satisfied with some aspects of their health insurance plan and the digital patience experience -- and that satisfaction has increased -- digital-first users increasingly expect their insurer's offerings to be
as intuitive as those from Apple or Google.... Firms that employ modern best practices, learning from those offering the best healthcare UX examples, will stand out from their competitors." MORE >>
Corporate Insight [CI]
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What to Watch in the 2024 ACA Open Enrollment
"Unsubsidized premiums in the ACA Marketplaces are rising due in part to inflation.... Insurer participation in 2024 will be more robust than in recent years.... State-level policy changes will affect what coverage some residents are eligible for, how much it costs, and how they
sign up.... Young adults turning 26 in 2024 will have until the next open enrollment to move off of their parents' Marketplace plans." MORE >>
Henry J. Kaiser Family Foundation
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Creating the Best Digital User Experience for Life Insurance
"Digital-first users increasingly expect their insurers to offer a user experience comparable to those from Apple or Google. Firms that employ modern best practices, learning from those offering the best life insurance UX examples and best insurtech UX examples, will have a leg
up on their competitors. [This article discusses] the digital strategies firms are using today to create the best life insurance user experience." MORE >>
Corporate Insight
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Benefits in General |
[Official Guidance]
Text of IRS Publication 15-A: Employer's Supplemental Tax Guide, for Use in 2024 (PDF)
28 pages. Reminders include: [1] Form W-4P and Form W-4R; [2] Disaster tax relief; [3] Moving expense reimbursements; [4] No federal income tax withholding on disability payments for injuries incurred as a direct result of a terrorist attack directed
against the United States; [5] Electronic submission of Forms W-4 and W-4P; [6] Electronic submission of Forms W-4R, W-4S, and W-4V. MORE >>
Internal Revenue Service [IRS]
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A Comprehensive Funding Policy: The Recommended Instrument for Navigating Public Plan Funding (PDF)
"A funding policy can help achieve and sustain the long-term financial health of a pension or OPEB plan, especially by offering stability and guidance to decision making in periods of extreme economic volatility. A funding policy should be consistently applied, but it should also
allow for the possibility of revisions should the need arise. Establishing and adopting a funding policy is one aspect of good governance." MORE >>
GRS
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DOL Releases New Regulatory Agenda
"The agenda now includes the August 2023 Request for Information (RFI) entitled 'SECURE 2.0 Reporting and
Disclosure' ... Two items also stemming from SECURE 2.0 have advanced to the Proposed Rule stage on the agenda.... Two proposed rules have advanced to the final rule stage.... Other items on and off the agenda." MORE >>
Miller & Chevalier
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Employee Benefits Jobs
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Selected New Discussions |
National Medical Support Notice for an ICHRA
"ICHRAs are brand new to me so I'm curious how an employer would comply with a National Medical Support Notice for an employee eligible to participate in an ICHRA. It's my understanding that ICHRAs are considered group health plans subject to ERISA requiring them to
comply with a QMCSO. Anyone have experience with this?"
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Upcoming Key Compliance Deadlines and Reminders for First Quarter 2024
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Agencies Update Language Requirements for SBCs and Other Documents
HUB International
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Health Plans Must Act Now on Gag Clause Attestations and Electronic Filing Requirements
Vorys
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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.
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