Compliance (60)
Wednesday, 04 January 2023 15:09
Rule Changes Released for CO Paid Family Medical Leave (PFML)
Written by Kristen Russell
The Colorado Department of Labor and Employment (CDLE) released finalized private plan rules for PFML in October. Here are the major updates and changes:
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Compliance
The New Year brings several HR changes that impact employers of all sizes. We’re providing you with a 2021 HR Compliance Checklist, brought to you by our partner and HR Consultant extraordinaire, Solvere HR Consulting. This helpful guide includes several federal and state employment law changes you need to be…
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Compliance
Tuesday, 08 December 2020 16:41
2020 ACA Reporting: What Employers Need to Know
Written by Scott Nitowski
The Affordable Care Act (ACA) reporting for employers can be confusing, burdensome, and time-consuming. Most of the reporting requirements have not changed, but every year we see employers rushing to complete the requirements before the deadline. One of our partners, Benefit Advisors Network, has put together a resourceful guide with…
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Compliance
Tuesday, 01 December 2020 16:37
Unused Dependent Care FSA Funds? Consider Adding a Grace Period
Written by Jon Wanczyk
COVID-19 has certainly had far-reaching effects for employees, including the reduced ability of parents to use pre-tax money set aside in their Dependent Care FSA fund due to the unexpected shutdowns of daycares, nurseries, and schools. Because employees likely decided how much to contribute to their Dependent Care FSA before…
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Compliance
Monday, 09 November 2020 13:38
Furloughs, Leaves of Absences, and Measurement Periods – Oh My!
Written by Juliet Fitzgibbons
This year has been filled with many questions and not so many clear answers. One of the trickiest ACA issues that Applicable Large Employers (ALEs) have to navigate through is how measurement periods apply during furloughs and leaves of absences due to COVID-19. It’s important for ALEs that offer affordable…
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COVID-19 has thrown a wrench in many aspects of our professional lives, but Affordability safe harbors for Applicable Large Employers (ALEs) might not be the first to enter our minds.
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Compliance
Thursday, 09 July 2020 10:09
HIPAA Compliance Catches Some Employers Off Guard
Written by Juliet Fitzgibbons
All health plans are required under HIPAA to distribute certain notices, such as the Notice of Special Enrollment Rights when employees become eligible, and the CHIP notice which must be sent to employees annually. But there are quite a few other requirements that sometimes catch employers off guard.
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The IRS recently announced the changes to the cost sharing and contribution limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in 2021. Also in this article, we’ve included some of the most common questions that group insurance brokers like us receive on HSAs.
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The rules and regulations around ERISA compliance can be challenging to navigate. Many mistakes are made because a provision is omitted or misunderstood, which can be costly because the fines for non-compliance are staggering, even for small employers. To dispel the fiction out there about ERISA, we’ve created this list…
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The Consolidated Omnibus Budget Reconciliation Act, or COBRA, allows employees to continue their group health insurance at their own cost after they’ve been terminated from employment. COBRA is an employer law and there are significant penalties for non-compliance (up to $100/day for single coverage and $200/day for family coverage). Because…
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Monday, 09 December 2019 09:07
Colorado Legislative Recap and a Look Forward to 2020
Written by Adam Wright
It’s been quite an eventful year for legislators both at the Colorado Capitol and in Washington, DC. Though Congress has been largely unable to pass any comprehensive legislation addressing healthcare or employment concerns in 2019, the Colorado Legislature was busy this year working on several must-know laws which could impact…
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Friday, 18 October 2019 12:13
Heads Up - Line Up Your Vendor Now for Affordable Care Act Requirements
Written by Jon Wanczyk
Despite numerous attempts over recent years to repeal The Affordable Care Act (ACA), the requirement for certain reporting is still the law of the land. The deadline of January 31st, 2020 to distribute 1095-Bs or 1095-Cs to employees is fast approaching, and vendors get booked up early to complete the…
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In June, the Trump Administration issued new rules expanding the function of Health Reimbursement Arrangements (HRA) in an attempt to provide employers additional options for providing health coverage. These rules, which will go into effect in January 2020, create two new ways to offer pre-tax dollars for purchasing health coverage:…
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Monday, 17 June 2019 15:08
HSA Contribution Limits for 2020 and Common HSA Questions
Written by Jon Wanczyk
The IRS recently announced the changes to the contribution limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in 2020. Also in this article, we’ve answered some of the most common questions we receive on HSAs. See if you know the answers before you read ours!
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