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55

Do You Provide Compensation To Employees Who Opt Out of Benefits?

“Cash-in-Lieu” Options Face Compliance Hurdles in 2017 by nahucompliance IRS rules further regulating cash-in-lieu (opt-out) programs are effective the first day of the plan year beginning on or after January 1, 2017. The rules provide for two different types of cash-in-lieu or opt-out arrangements: conditional and unconditional. The easiest opt-out plan administratively is an “unconditional […]

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Medicare Part D Disclosure Model Notices & CMS Disclosure Instructions – Required notice 10/15/16

Medicare Part D Disclosure Model Notices & CMS Disclosure Instructions – Required notice 10/15/16 The Medicare Modernization Act (MMA) requires employers whose policies include prescription drug coverage to provide a written disclosure notice to all Medicare eligible policyholders of whether such coverage is creditable. Creditable coverage means that the coverage is expected to pay, on average, as much as […]

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BE PREPARED: New Overtime Rules Go into Effect on December 1, 2016

On May 23, 2016, the U.S. Department of Labor issued updated regulations governing the white collar exemptions. The updated regulations go into effect on December 1, 2016.   The Fair Labor Standards Act (FLSA) requires that most covered employees be paid at least the federal minimum wage for all hours worked, and receive overtime pay […]

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FLSA Overtime Rules compliance required by December 1st

From ThinkHR: On May 18, 2016, the U.S. Department of Labor (DOL) announced the release of a final rule updating regulations under the Fair Labor Standards Act (FLSA) which exempt executive, administrative, and professional employees from its minimum wage and overtime requirements (often referred to as the white collar exemptions). The rule was published in the […]

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59

IRS Publishes 2016 Draft Forms for ACA Reporting

IRS Publishes 2016 Draft Forms for ACA Reporting With the first ACA reporting deadlines for employers in the rearview mirror, the IRS has released draft forms for 2016. These drafts, if finalized, will be used when employers file in 2017. The deadlines for reporting of 2016 health coverage are expected to return to the original […]

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CMS Acts on Documentation for Special Enrollment Periods (SEPs)

CMS Acts on Documentation for Special Enrollment Periods (SEPs) In an effort to stabilize the individual insurance marketplaces and improve the risk pool CMS has rolled out a new Special Enrollment Verification process. Individuals who assert that they have qualified for one of five Special Enrollment Periods (SEPs) will be sent a Marketplace Eligibility Determination Notice […]

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