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2024 Limits Announced for High-Deductible Health Plans, Health Savings Accounts, and Excepted Benefit Health Reimbursement Arrangements
On May 16, 2023, the Internal Revenue Service (IRS) announced the new limits for high-deductible health plans (HDHPs), health savings accounts (HSAs), and excepted benefit health reimbursement arrangements (EBHRAs) in Revenue Procedure 2023-23. The new limits for both HDHPs and HSAs will go into effect for calendar year 2024 while the HRA limits will go into effect for plan years beginning in 2024.
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WEBINAR:
Navigate Your Way Through FMLA
Tuesday, June 13, 2023 2:00PM EST
Attend this month's webinar to learn how to recognize if you are a covered employer, which employees are eligible, and qualifying reasons for Family and Medical Leave (FMLA). Gain insights into:
- Regulations surrounding mental health and substance abuse leave
- Managing benefits during FMLA leave
- Coordination with disability insurance and workers' compensation
Be able to answer these questions:
- What are an your obligations when an employee submits a resignation or fails to return to work while on FMLA leave?
- What guidelines must you follow when an employee submits a vague or incomplete FMLA certification?
- Can an employee work another job ("moonlight") while on FMLA
leave?
In conjunction with our alliance with United Benefit Advisors, you have the opportunity to learn more about the latest compliance trends and
regulations from one of the nation's leading employment and benefit law firms, Fisher Phillips. Normally the cost of the 60 minute Webinar is $200, but we are pleased to offer it to you free of charge. Simply click the blue button below to register, and be sure to use the coupon code UBA410EW.
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The Family and Medical Leave Act Compliance Guide
Read Time: 7 Minutes
The Family and Medical Leave Act (FMLA) is a federal law passed in 1993. Its primary purpose is to provide job protection for eligible employees who need to take time off work to care for themselves or a family member with a serious health condition, or to care for a new
child or adoptive child... Keep Reading
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DOL Cybersecurity Guidance: What Employers Need to Know for their Health and Welfare
Plans
Read Time: 5 Minutes
The Employee Benefits Security Administration (EBSA) and the Department of Labor (DOL) continue their efforts in both civil and criminal investigations of employee benefits plans focusing on plan sponsors’ fiduciary duties. Employers with health and welfare plans must remember that one fiduciary duty of particular interest is the obligation to manage cybersecurity risks to their employer-sponsored plans... Keep Reading
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Compliance Question of the Week
Q: If an employee changes their name, do we need to complete a new Form I-9?
A: Except for certain government contractors or some situations involving the use of fraudulent documents, employers do not need to update or complete a new Form I-9 when an employee changes their legal name or address. That said, the U.S. Citizen and Immigration Services (USCIS) recommends keeping correct information on Forms I-9 and taking steps to ensure a name change is legitimate.
To update the employee's original Form I-9, enter their new legal name in Box A of Section 3, and then sign, date, and print your name on the final line.
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Visit the Insights Blog for the latest employee benefit news, trend analysis, regulatory insight, HR tips and more!
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Have a compliance question? We're here to help! Simply reply to this email or send a new email to info@bimgroup.us
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1151 Red Mile Rd. Lexington, KY 40504
P 859.255.9455 F 859.255.9457
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