Knowing how many companies your client owns is critical to meeting ACA compliance. Heres what you need to know about your clients that own more than one company under a controlled group.
For every employee leave you must ensure that an orchestra of different people, laws, and systems play in perfect concert with each other. Not an easy task when you consider the following: trying to determine who and when employees are on leave, abiding by multiple, complex leave laws, and dealing with HRIS tracking shortcomings.
All of the delays related to the Affordable Care may be seen a sign of the law's failure, but one employment law expert said Monday employers can view the delays as a good thing an extra year or more to figure out what to do.
This insurance rule, referring to the grouping of companies owned by the same person, hasnt applied to medical coverage until now. One broker is concerned that benefit advisers and small business owners alike arent up to speed on this requirement and could be vulnerable to liabilities via penalties and lawsuits.
How many individuals and families that selected a health plan in the federally facilitated health insurance marketplace have paid their first months premium? Depends on whom you ask.
The U.S. House of Representatives passed a NAHU-backed bill exempting expatriate health plans from the ACA.
Despite a reliance on Healthcare.gov because their state-run exchange legislation was passed later than others, Idaho came out on top during open enrollment 2014 and the state has brokers to thank for a lot of it.
Julie Stich, director of research for the International Foundation of Employee Benefit Plans, outlines important legislation and guidance affecting employers in 2014 and discusses employer concerns that benefit advisers can help address.
Unbeknownst to your clients, prescription drugs are likely costing them a great deal. As their trusted adviser, heres how you can help.
One thing is certain as Cover Oregon switches over to Healthcare.gov, more work for brokers.
While benefit brokers applaud HHS efforts to hold ACA exchange navigators to licensing and certification standards, many worry federal regulation will undermine state efforts already in place.
CMS has reset all Healthcare.gov user passwords in response to the Heartbleed internet security bug, causing frustration for consumers and brokers, alike.
Benefit advisers should be familiar with certain grace periods when employers can avoid penalties.
Effective in 2015, the Affordable Care Act requires that employers report information about the health coverage they offer to employees. As you plan for ACA compliance, be reminded that you have this reporting obligation, not just to the Internal Revenue Service but to employees as well.
While just over half of employers in a recent survey said it was very important for a private exchange to accept ERISA fiduciary responsibilities for the plans purchased on the exchange, the reality is employers cannot offload their fiduciary responsibility by moving to a private exchange, say legal experts.