21 Jan The ClearPath Advisor – January 2020
Posted at 07:30h
in benefits compliance, ClearPath blog, Compliance Alert, Compliance Recap, Default, Dish, Helpful Tips, Resources
Compliance Check
what you need to know
Compliance Recap – December 2019. December was a busy month in the employee benefits world. Catch up with UBA’s December 2019 Compliance Recap.
District Court Vacates Parts of ACA Section 1557 Nondiscrimination Rule. The U.S. District Court for the Northern District of Texas (District Court) recently vacated portions of the current rule implementing Section 1557. Any programs administered by the Department of Health and Human Services (HHS) or any health program or activity administered by an entity established under Title I of the ACA falls under Section 1557 of the ACA.
IRS Releases Draft 2019 Instructions for Forms 1094-B, 1095-B, 1094-C, and 1095-C. The 2019 draft forms for the1094-B and 1095-B forms and the 1094-C and 1095-C forms have been released by the Internal Revenue Service (IRS).
DOL Releases Advance Copies of Form 5500 and Related Instructions for 2019. Advanced copies of the Form 5500 Annual Return / Report and its related instructions have been released by the US Department of Labor.
DOL Releases Final Overtime Rule, Effective January 1, 2020. America’s workers have not had an update to overtime regulations in over 15 years. Effective January 1, 2020, the US Department of Labor’s (DOL) final rule made 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA).
The Treasury Releases 2019-2020 Priority Guidance Plan. The US Treasury and Internal Revenue Service (IRS) has released the 2019-2020 Priority Guidance Plan. The plan lists several priorities and guidance on the Cadillac tax.
Top 3 Funding Methods to Combat Healthcare Costs
Featuring Bill Shimp, Consultant at ClearPath Benefits Advisors
There are many options in the marketplace for employers when it comes to selecting a healthcare model. While it’s important to evaluate the best fit for your employees, there are a few methods that are above the rest, explained Bill Shimp, a Consultant at ClearPath Benefits Advisors. The top three methods are level-funded (self-insured plans), purchasing coalitions and referenced based pricing.
Every plan is different, but there is bound to be one right for you and your employees. In this article, we will address each.
Dish Featuring Philip Erikson
Looking for a new recipe to try this month?
Philip is an Enrollment and Eligibility Manager at ClearPath.
Philip lives with his Fiancé, Stavia, and their two cats, Mary Jane and Grenzo. They enjoy art museums and going on hikes, their favorite outdoor adventure being hiking the trails in Acadia National Park. He plays a lot of board games, especially resource management games and Magic: the Gathering.
Homemade Pesto
Add some extra flavor to your Italian dishes with Philip’s homemade Pesto.
La Casita on Bethel Road
Philip’s favorite dish that he always orders is the el Tapatio.
