20 Mar The ClearPath Advisor – March 2020

The ClearPath Advisor – March 2020

Compliance Check

what you need to know

Compliance Recap – February 2020.  February was a busy month in the employee benefits world.

The Centers for Medicare and Medicaid Services (CMS) released an updated Premium Assistance Under Medicaid and the Children’s Health Insurance Program (CHIP) model notice. CMS also issued frequently asked questions (FAQs) regarding its recently issued summary of benefits and coverage (SBC) template for plan years beginning on or after January 1, 2021. The Department of Health and Human Services (HHS) released a bulletin that allows grandmothered plans to be extended through 2021. The Internal Revenue Service (IRS) released an opinion letter stating that collection of employer shared responsibility penalties under the Patient Protection and Affordable Care Act (ACA) is not subject to a statute of limitations. The IRS also released an information letter confirming that a cafeteria plan is not required to recognize the permitted election change events under the cafeteria plan regulations.

CMS Releases Updated Premium Assistance under Medicaid and the Children’s Health Insurance Program (CHIP) Model Notice. The Centers for Medicare and Medicaid Services (CMS) released an updated Premium Assistance Under Medicaid and the Children’s Health Insurance Program (CHIP) model notice. Read this blog post from UBA to learn more.

Coronavirus Resources

Family First Coronavirus Response Act. On March 18, 2020, President Donald Trump signed the Family First Coronavirus Response Act. The Act is an economic stimulus plan that affects coverage and cost sharing for COVID-19 testing.

Everything HR Teams Need To Know About Coronavirus. While the coronavirus epidemic continues to take a toll on everyday lives, the Centers for Disease Control & Prevention (CDC) is continuously releasing updates and helpful tips to help businesses be successful during this time.

What The Families First Coronavirus Response Act Means For HR Teams. As President Donald Trump signed the Families First Coronavirus Response Act last week, the bill was to cover free coronavirus testing, emergency leave, and other various benefits, but HR teams are gaining other benefits from this bill as well.

A Look at Identity Theft Protection as an “Employee-Pleaser” of the Future

Featuring Bill Shimp, Partner at ClearPath Benefits Advisors

As our society moves toward greater cyber dependence, the chance of having your identity stolen increases. Bill Shimp, a Partner at ClearPath Benefits, recently encountered what it means to have his identity stolen. In an attempt to keep his employees and his family safe from such theft, Bill asked to share his story and what he learned as a result.

“Like many things, you don’t consider identity theft a real threat until it happens to you. It is a complete disruption to your life. At one point, I even had to borrow 20 bucks from a client of mine for gas, because I was 45 minutes from home and had forgotten I’d canceled every card I owned.” – Bill Shimp

Dish Featuring Sarah Nithiyanandarajah

Looking for a new recipe to try this month?

Sarah uses her drive and passion to enhance the ClearPath working environment as the Human Resource Generalist.

Sarah is married and has two boys. They also have a dog named Shadow. The coolest adventure she has had was visiting her husband’s identical twin brother and his wife in Sri Lanka. They visited ancient ruins, holy sites, and an elephant orphanage where baby elephants were rescued and raised safely. It was a transformational experience. Sarah also likes to knit and cross-stitch in her spare time.

Monthly compliance alerts, educational articles and events – courtesy of ClearPath Benefits.