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Biden Administration Releases Mental Health Parity Proposed Regulations,
Targeting Compliance Read Time: 5 Minutes
On July 25, 2023, the U.S. Departments of Treasury, Labor, and Health and Human Services (the "Departments") released proposed rules on the Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA), ensuring that health plans provide coverage for mental health and substance use disorder treatments (such as those for anxiety) at the same level as physical health care coverage (such as medical and surgical benefits related to heart disease or diabetes).
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August Webinar Recording:
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WEBINAR: Make it a Win: Medical Loss Ration Rebates
Tuesday, September 12, 2023 2:00PM EST
Attend this month’s webinar to learn what the Medical Loss Ratio (MLR) is and how it may lead to an employer rebate.
Gain insights into:
- The formula behind the medical loss
ratio
- What the MLR says about your carrier if you receive a rebate
- Tax considerations with rebates
Be able to answer these questions:- How is the pandemic expected to affect rebates?
- What are the rules for MLR rebate distribution?
- How do I calculate the amount to give back to employees?
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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Stress Management in the Workplace Source: HR Service Inc. Read Time: 7 Minutes
Work-related stress is a growing concern for businesses in every industry. Without stress management in the workplace, employees are more likely to experience burnout and reduced job satisfaction.
To ensure your organization deals effectively with stress in the workplace, it's important to understand the factors that contribute to stress and the benefits of effective stress management strategies.
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Compliance Question of the Week
Q: Can
we limit which states our remote employees work in?
A: Yes. In general, you can determine work locations for your remote employees and choose not to hire or employ anyone in specific states. Business and operational costs as well as state or local employment laws may factor into this decision. If you do decide to limit which states your employees can work in, we recommend including this information in your job postings. This should help streamline the recruiting process by
reducing the number of applications received from states where you don’t intend to hire. You should also make current employees aware of any restrictions on where they can work.
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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
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8005 Lyndon Centre Way Ste 102 Louisville, KY 40222
P 502.339.7980
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