There’s growing anxiety that the U.S. economy is heading into a recession. Due to HR professionals’ unique and strategically important positions, these teams can greatly impact whether organizations can withstand a recession. Although a recession cannot be prevented, HR departments can use the strategies outlined in this HR Insights article to help employers prepare for and minimize the impact of a recession on their organizations.
What Happens If You Miss Open Enrollment? If you miss your open enrollment deadline, you could lose coverage and be unable to make benefits changes or enroll until the next
A new federal spending law extends the ability of HDHPs to provide benefits for telehealth or other remote care services before plan deductibles have been met without jeopardizing HSA eligibility. This relief applies for plan years beginning in 2023 and 2024. This Legal Update provides an overview of the extension.
On Dec. 23, 2022, federal agencies released an FAQ stating that they will not initiate enforcement action against any plan or issuer that makes a good faith effort to submit their prescription drug data by Jan. 31, 2023. This Legal Update explains further.
Organizations thrive through a sense of belonging and shared purpose. This article explores opportunities for employers to engage and unite their employees in both on-site and distributed workplaces.
For plan years beginning in 2024, the ACA's cost-sharing limits for Employee Health Benefits are $9,450 for self - only coverage and $18,900 for family coverage.
The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual statements. This Legal Update summarizes this development.
The IRS has released final 2022 forms and instructions for ACA reporting under Code Sections 6055 and 6056. No significant changes were made to the forms for 2022 reporting. However, the instructions have been updated for the permanent, 30-day automatic extension of time for furnishing individual statements. This Legal Update summarizes this development.
On Dec. 2, 2022, HHS issued a bulletin providing guidance on how the HIPAA Privacy, Security and Breach Notification Rules apply when covered entities and business associates use online tracking technologies. This Legal Update highlights key points of HHS' guidance.
