HR Compliance / Legislation Updates

2024 Employer-Sponsored Group Health Plans Compliance Calendar

Employers and HR departments are faced with many reporting and notification requirements for their employer-sponsored group health plans. Information must be provided to plan participants and applicable government agencies on time to ensure compliance with various federal laws.

This compliance calendar outlines the requirements and due dates for:

Form W-2
Form 5500
Forms 1094-B and 1094-C, 1095-B, and 1095-C
Creditable Coverage Disclosure
Summary Annual Reports
Qualified Small Employer Health Reimbursement Arrangement Notice
Medicare Part D Notice of Creditable Coverage
and much more

Download the Calendar

The Price of Employee Financial Stress – 3 Major Costs

Source: BrightDime

The price of employee financial stress is far reaching. Stress caused by financial concerns can have a profound effect on your employees’ personal and professional lives, but did you know that it can also affect your company’s bottom line? Too much debt, a lack of savings, unexpected expenses, and low financial literacy are serious factors that contribute to employee stress. This results in companies incurring significant costs in 3 ways:

Learn More

WEBINAR
Mastering Medicare – Employer Rules & Regulations

Tuesday, February 13, 2024

2PM EST

Attend this month’s webinar to learn how Medicare relates to group health plans of all sizes.

Gain insights into:

The Centers for Medicare & Medicaid Services (CMS) online disclosure and creditable coverage notices
The impact of enrollment in Medicare on HSA contributions
Administration and coordination between COBRA and Medicare

Be able to answer these questions:

Can CMS affect the way my group health plan pays claims?
Can an employer provide incentives to Medicare beneficiaries to waive or terminate primary group health plan coverage?
What fines and penalties are associated with non-compliance with CMS regulations?

Registration Code: UBA410EW

New Year, New Benefits
Source: Mineral

7 Tips for Navigating New Hires and Midyear Changes

According to the US Chamber of Commerce, 40% of small business owners plan to add staff in 2024. We also know that some employees will experience life events during the plan year. New employees and employee life events mean additional employer responsibilities, and it’s important for small and midsized businesses to be prepared as these changes can have big effects on benefits programs. Mineral offers these seven tips to help surf the wave of newly eligible employees while staying on the crest of HR compliance... Keep Reading

Vendor Management Strategies for Seamless HR Compliance
In the dynamic landscape of benefits administration, effective vendor management and staying abreast of legal updates are paramount for organizations aiming to streamline processes, enhance employee experience, and ensure compliance with ever-changing regulations. This blog post delves into the critical aspects of vendor management, technological integration, cybersecurity measures, and the importance of staying ahead of legal updates...Keep Reading

Question of the Week

Q: How can we show employees that their feedback is heard and valued?

A: First, thank them. This lets the employee know you received their input and that you appreciate their taking the time and energy to give it. If you plan to act on the feedback and employee assistance is feasible, ask the person or people who suggested the change if they’d like to be involved in executing it. Employees who identify a problem may have ideas about the solution.