2023 COLAs for Benefit Plans

Each year, various federal regulators announce cost-of-living adjustments (COLAs) affecting tax, employee benefits dollar amounts and penalties for the upcoming calendar year. Adjustments for 2023 that are most relevant to health and benefits plans are listed below. For prior amounts and changes from 2022, please download the GBS PDF summary.  2023 COLAs for Benefit Plans…

Discussing business solutions with peers and colleagues.

Compliance Update: September 2022

State/Local Compliance Update: September 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. California California legislature votes to extend COVID-19 supplemental paid sick leave requirements. The current…

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…