Compliance Update: August 2022

State/Local Compliance Update: August 2022 A brief update on what happened the prior month in group health plan compliance at the state and local level, listed alphabetically. If you would like additional information, please reach out to the GBS Compliance Team. Arkansas Arkansas warns PBMs to stop charging illegal fees. In an August 17 bulletin, the Arkansas…

Employer Shared Responsibility Penalties

To avoid possible penalties, applicable large employers (ALEs) must offer affordable/minimum value health benefits to at least 95% of full-time employees and their dependents. A penalty is triggered only if one or more employees purchase coverage in the exchange and qualify for a subsidy. There are two possible penalties, the Code §4980H(a) and the Code…

State Paid Family and Medical leave

State Paid Family and Medical Leave Laws

Oregon has enacted a Paid Family and Medical Leave Insurance (PFMLI) program which will go into effect on September 3, 2023. Colorado has also enacted a Family and Medical Leave Insurance Program (FAMLI) which will become effective on January 1, 2024. These State-mandated programs will begin pre-funding their plans on January 1, 2023.  These new…

State / Local Compliance Update: July 2022

A brief update on what happened the prior month in group health plan compliance at the state and local level, listed alphabetically. If you would like additional information, please reach out to the GBS Compliance Team. Alabama Alabama new family leave law goes into effect July 1, 2022. The Alabama “Adoption Promotion Act” requires qualifying…

Watch Now: Connect to Your Work

Productivity and efficiency tend to be the focus of professional improvement. While these are important, equally as crucial is fulfillment and satisfaction in your profession. It can be difficult to remain enthusiastic about work day to day, year after year; but having a professional purpose and identity gives life meaning and motivation. Feeling fulfilled at…

Early Preparation Is Crucial for 2023 Open Enrollment

The job market is still dealing with the aftereffects of the COVID-19 pandemic. Workers are taking stock of their circumstances and considering which employment perks matter the most. Specifically, employees are increasingly more concerned about their physical and mental health, financial security and work-life balance than before the pandemic. Many employers have responded by enhancing…

HSA & HDHP Limits Increase for 2023

On April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2023. The IRS is required to publish these limits by June 1 of each year. These limits include: The maximum HSA contribution limit; The minimum deductible amount for…