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Risks and Rewards of Offering Tax-Favored Accounts
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March 2024 Compliance Recap
Read Time: 7 Minutes

ACA reporting is in its first year of the required electronic reporting for employers filing ten or more returns annually. Employers and employees must make changes to HSAs by the April 15 deadline. Employers of all sizes continued to prepare for the June 1 RxDC Reporting using the newly released instructions. New York City enacted a provision allowing individuals to initiate a private legal action for non-compliance with the Earned Sick and Safe Time Act.

Topics Covered:

  • AFFORDABLE CARE ACT INFORMATION REPORTING
  • 2023 HEALTH SAVINGS ACCOUNT CONTRIBUTIONS AND CORRECTIONS
  • PREPARING FOR JUNE PRESCRIPTION DRUG DATA (RXDC) REPORTING
  • NEW YORK CITY WORKERS ALLOWED TO SUE FOR SICK LEAVE VIOLATIONS
 
Timely Responses Required for Requests under HIPAA’s Right of Access Rule
Read Time: 4 Minutes

On December 15, 2023, the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR), announced a settlement under the Health Insurance Portability & Accountability Act (HIPAA) Right of Access Rule. This penalty illustrates that the Right of Access Rule remains a focus of HHS and that health plans, health care providers, and other covered entities should confirm their own organization’s timely delivery of documents upon request.... Keep Reading

WEBINAR
Risks and Rewards of Offering Tax-Favored Accounts
Tuesday, May 14, 2024
2PM EST

Attend this month's webinar to learn about the benefits and risks of offering tax-favored accounts.

Gain insights into:
  • The differences and similarities between flexible spending arrangements (FSAs), health savings accounts (HSAs), and health reimbursement accounts (HRAs)
  • The applicability of tax-favored accounts to certain group health plans
  • The benefits and drawbacks of offering tax-favored accounts

Be able to answer these questions:
  • What are the eligibility rules for these plans?
  • How does the ACA affect tax-favored accounts?
  • How do leaves of absence and COBRA affect participation in tax-favored accounts?


Registration Code: UBA410EW

Earn Recertification Credits
This webinar has been submitted to the Human Resource Certification Institute and the Society for Human Resource Management to qualify for 1 recertification credit hour.
The use of the HRCI seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval. Kutak Rock is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP® or SHRM-SCP®.

Employee Conflict Resolution Best Practices
Source: HR Service Inc
Read Time: 6 Minutes


Businesses bring together many people with diverse backgrounds. This means employee conflicts are likely to happen at some point.. Your practices for employee conflict resolution will determine how much impact these conflicts have on your workplace environment... Keep Reading

Tax season stress made worse by incorrect social media advice
Source: BrightDime
Read Time: 6 Minutes


Tax season stress is upon us once again. Employees nationwide are gearing up for the April 15th filing deadline, a time often marked by elevated stress and uncertainty. From navigating the complexity of tax laws, grappling with the fear of making mistakes and the pressure to maximize deductions while avoiding penalties, the tax process can be daunting for many. However, amid this annual whirlwind, there’s a new threat lurking on social media platforms like TikTok... Keep Reading

Question of the Week

Q: We’ve generally been tolerant of harmless pranks, but recently, an employee placed a suggestive picture on a coworker’s workstation and another employee saw it and complained. How should we respond?

A: It sounds like this prank could have crossed the line into harassment, even though the person who was offended wasn’t necessarily the intended target. As an employer, you have an obligation to prevent and deal with harassment complaints promptly and thoroughly. To that end, follow your standard procedure to investigate the incident and take appropriate action.

Be sure to document every step of your investigation and resulting actions taken so you can show you fulfilled your obligations. Having a clear record will also help you ensure similar situations are handled consistently in the future.



Visit the Insights Blog for the latest employee benefit news, trend analysis, regulatory insight, HR tips and more!

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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