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Health & Welfare Plans Newsletter

December 2, 2024

2 New Job Opportunities 2 New Job Opportunities

 

[Guidance Overview]

Missouri's New Paid Sick Leave Law

"The law mandates that employers provide paid sick leave, allowing employees to take time off for conditions such as personal illness or care of a family member with an illness. Employers can either front-load sick leave, providing employees with their full annual leave at the start of the year or use an accrual system where leave is earned over time.... Employees can carry over up to 80 hours of unused, earned sick leave into the following year."  MORE >>

Polsinelli PC

Essential Steps to Help Finalize Your Open Enrollment Process

"[B]efore December 31: [1] Confirm that all carriers have successfully uploaded ... [2] If employees won't have their ID cards by January 1 ... ensure they know how to access their coverage without a card.... [3] Audit your payroll deduction file ... [4] Review end-of-year compliance reminders ... [W]ithin the first two months of the new year: [1] Audit your self-billed or list-billed invoices ... [2] Develop and implement a communications plan ... [3] Test your life-event functionality ... [4] Review enrollment metrics and compare them to previous enrollments[.]"  MORE >>

Gallagher

GLP-1s: Employers Need to Understand Their Impact

"While the majority of U.S. employers are covering these drugs on the health plan for diabetes management, roughly one-third of employer health plans now cover them for both diabetes management and obesity, according to International Foundation of Employee Benefit Plans employer survey June 2024. Many more are considering adding GLP-1 coverage for weight loss in the coming years due to increasing public health awareness, employee requests and a desire to mitigate heart disease, strokes and other conditions."  MORE >>

The Business Journals

Weight Loss Drugs Wegovy and Zepbound Too Costly for Consumers

"Even as weight loss drugs such as Wegovy and Zepbound explode in popularity, many working-age Americans struggle to afford the medications. Some face escalating out-of-pocket costs with higher copays or other cost-shifting from their insurance plans."  MORE >>

USA TODAY

20 Questions About Establishing a Health and Wellness Program in the Workplace

"A medical insurance plan along with a well-designed wellness program encourages employees to take personal responsibility to help minimize healthcare costs. When medical and wellness plans are integrated with a [self-insured medical reimbursement program], employees that participate in the wellness plan can be rewarded with cash reimbursements to cover medical expenses."  MORE >>

The CPA Journal

New York City Council Ponders Giving Employees Paid Time Off to Care for Sick Pets

"New York City's proposed law appears to cover service animals and animals 'kept primarily for companionship in compliance with all applicable laws.' Several other states mandate paid time off that employees can use for any purpose, including to care for their animals. These states include Illinois, Maine, and Nevada."  MORE >>

Hall Benefits Law

How Long Is Your Job Protected During Short-Term Disability?

"The answer depends on a variety of factors, including company policies, the nature of the disability, state laws, and federal regulations like the [FMLA]. [This post explores] the complexities of job protection during short-term disability, what employees can expect, and the key factors influencing job security during a medical leave."  MORE >>

DeBofsky Law

[Opinion]

Reforming HSAs to Expand Gig Workers' Access to Affordable Health Care

"To ensure the health and well-being of gig workers and the growth and prosperity of the gig economy, Congress should consider legislative actions to address these challenges. In this [article, the authors] describe these challenges, propose solutions, and provide several policy recommendations for federal lawmakers."  MORE >>

Health Affairs Forefront

Benefits in General

[Guidance Overview]

Agencies Release 2024 Form 5500 Series with Minimal Changes (PDF)

"Form 5500 filers will likely appreciate being able to file Form 5558 electronically; otherwise, many will be unaffected by this year's changes.... Forms 5500 and 5500-SF must be filed electronically using the DOL's EFAST2 website or using software from EFAST2-approved vendors."  MORE >>

Thomson Reuters / EBIA

DOL Issues Guidelines Concerning Integration of AI Platforms Into the Workplace

"These guidelines aim to support collective bargaining rights for employees, ensure that employees are aware of how employers use AI in the workplace, and protect workers' rights to data privacy. At the same time, the guidelines encourage employers to support workers whose positions have been displaced by AI."  MORE >>

Hall Benefits Law

Potential Shifts in Employee Benefits: A Guide for Employers Under Trump

"Health Savings Accounts (HSAs) expansion: a new horizon? ... [ACA] revisions: what could change? ... Health care policy: transparency and reform ... Expansion of healthcare alternatives in 2025: what to expect? ... Telehealth and remote work benefits: here to stay? ... Dependent care benefits: higher limits? ... Supporting families: enhanced adoption assistance benefits? ... Retirement plan reforms: what's on the horizon? ... Immigration policies and retirement benefits: an indirect impact? ... Extension of the 2017 tax cuts and jobs act changes."  MORE >>

Jackson Lewis P.C.

Employee Benefits Jobs

View job as ESOP Consultant for BPAS

ESOP Consultant

BPAS

Remote

View job as ESOP Consultant for BPAS
View job as DB/DC Combo Plan Consultant for BPAS

DB/DC Combo Plan Consultant

BPAS

Remote

View job as DB/DC Combo Plan Consultant for BPAS

Selected New Discussions

Forms 1095-C Never Filed for 2023

"Due to an administrative mix-up a client did not file Forms 1095-C for 2023, but their insurer did file 1095-Bs. Client has not received a 5699. Do we just go ahead and file the delinquent 1095-Cs? What to do with the 1095-Bs? Any grace given there?"

BenefitsLink Message Boards

Press Releases

Prominent ERISA Attorney Joins The Boston Office Of The Wagner Law Group

The Wagner Law Group P.C.

ShareBuilder 401k is Waiving 401(k) Plan Setup Costs for Small Business and the Self-Employed

Sharebuilder 401k

Last Issue's Most Popular Items

Another Employer Files ERISA Lawsuit Against TPA Over Claims Data Dispute

Miller & Chevalier

Deadline Nears for Plan Sponsors to Sign Attestations for Access to Health Plan Data

planadviser

Employee Benefit Developments and Year-End Considerations

Smith & Downey, P.A.

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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.

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