Regulation and compliance
Regulation and compliance
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Dealing with the compliance and regulatory challenges of the Affordable Care Act and other employment legislation hasnt left employers much time in recent years to deal with broader benefits strategy issues but the two areas compliance and strategy go hand-in-hand.
June 25 -
When he ran for president in 1988, Michael Dukakis infused the phrase Massachusetts Miracle into stump speeches to describe the states economic transformation. That same description could apply if a costly and controversial plan to fix the states Connector exchange succeeds.
June 25 -
Recently, the Internal Revenue Service has focused enforcement activity on examining the implementation of a strong internal control system. The IRS has publicly stated that if a plan is selected for audit the agent will use their evaluation of the plans internal controls to determine whether the scope of the examination will be focused or expanded.
June 23 -
A new proposal from the Department of Labor plans to extend the reach of the Family Medical Leave Act to all eligible employees in same-sex marriages, as the federal government continues to offer guidance after the U.S. Supreme Courts landmark ruling in United States v. Windsor.
June 20 -
Newark is set to join the likes of several other large cities that require employers with 10 or more employees to offer paid sick time.
June 18 -
Employers focused on Obamacare may be missing one of todays most important compliance issues: benefits for same-sex married couples. Since June 2013, when the United States Supreme Court ruled in U.S. v. Windsor that a federal statute limiting the terms spouse and marriage to couples of the opposite sex was unconstitutional, a sea-change has taken place in national attitudes about same-sex marriage.
June 17 -
The IRS has launched a compliance check program to better understand how plan sponsors are complying with Roth deferral provisions in 401(k) plans. If asked to participate, failure to to respond could trigger an audit.
June 16 -
The state of Massachusetts officially repealed the employer pay-or-play regulations that were part of its landmark 2006 health care reform law. Similar to the employer mandate in the Affordable Care Act, the state statute required employers of a certain size to either offer health care coverage to their employees or pay a fine.
June 13 -
Changes to the federal Workforce Investment Act will increase accountability for national job-training programs and shift the emphasis to employer-led education in growth industries.
June 11 -
Why its important to prepare your employer clients now for this ACA filing due in early 2016.
June 9 -
This figure is about one-third less than previously estimated, after the Obama administration created exemptions from the fine.
June 6 -
Commentary: Blogger Craig Hasday highlights several recent federal regulations that could point to a change in the air for the insurance industry.
June 6 -
Millions of ACA application inconsistencies come as no surprise to benefit advisers and could trigger an influx of business to brokers from confused 2015 ACA enrollees.
June 6 -
Commentary: Why your clients should consider allowing work from home as a part of disability recovery for certain employees.
June 4 -
Business and education leaders are emphasizing an even greater need for immigration reform in the U.S. as highly skilled employees are being lost due to visa restrictions.
June 3 -
The IRS issued final regulations in March designed to simplify the employer reporting requirements imposed by the Affordable Care Act. Most importantly, the regulations permit combined reporting for the multiple requirements and simplify reporting where a large employer provides affordable group health coverage, which is of minimum value to almost all of its employees. Here's how the new regulations will affect both large and small employers.
June 2 -
The challenges faced by plan sponsors as they design, update and execute their 403(b) plan documents are sometimes left undiscovered until they are identified under audit.
May 29 -
Commentary: An additional option is available for certain consumers to continue to enroll in the ACA marketplaces, guest blogger Laura Kerekes explains.
May 27 -
Final regulations implementing the ACAs nondiscrimination rules for wellness programs became effective in January, but many employers are still unclear about how the regulations have changed. The changes are subtle, but noncompliance can carry heavy penalties.
May 23 -
The Internal Revenue Service has threatened employers with Affordable Care Act penalties of $36,500 per employee, per year, nondeductible. Makes those $2,000 and $3,000 penalties look like small potatoes, right?
May 23