HR Compliance / Legislation Updates

May 2023 Compliance Recap
Read Time: 7 Minutes

May brought a reminder memo from the IRS on claims substantiation and payment of medical and dependent care expenses, and an update for the 2024 HDHPs, HSAs, and Excepted Benefit HRA limits. The Departments of Labor, Health and Human Services, and the Treasury issued an FAQ on the Braidwood decision, which concluded that the determination of certain preventive care requirements under the Affordable Care Act violated the Appointments Clause of the United States Constitution.

CLAIMS SUBSTANTIATION FOR PAYMENT OR REIMBURSEMENT OF MEDICAL AND DEPENDENT CARE EXPENSES
2024 LIMITS ANNOUNCED FOR HDHPS, HSAS, AND EXCEPTED BENEFIT HRAS
PREVENTIVE HEALTH SERVICES COVERAGE AND THE BRAIDWOOD DECISION

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WEBINAR:

Getting it Right: ACA Counting, Tracking, and Reporting

Tuesday, July 11, 2023
2:00PM EST

Attend this month's webinar to learn who to include, how to count, and when to track employees for Affordable Care Act (ACA) reporting.

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Avoiding common errors in ACA coding
Mastering lookback, measurement, and stability periods
Coordinating with sister companies, controlled groups, and M&A environments

Be able to answer these questions:

What should be done in preparation for becoming an applicable large employer?
Where do gig workers fit in?
How have electronic submission requirements changed?

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.

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.