08 Mar Compliance Recap: February 2016

Posted at 10:00h in ClearPath blog, Compliance News, Employee Benefits, Health Care Reform, trending, Workplace

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Despite having an extra day, February 2016 remained relatively quiet in regard to compliance and employee benefit plans. The Department of Labor (DOL) issued the awaited proposed revisions to the Summary of Benefits and Coverage (SBC) template and its instructions. The 2016 poverty guidelines (also referred...

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07 Mar How Self-insured Employers Can Meet ACA Nutritional Counseling Requirement

Posted at 10:00h in ACA, ClearPath blog, Compliance News, Employee Benefits, Health Care Reform, Wellness, Workplace

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Original post benfitnews.com The American population is getting heavier. From the 1960s to the present, obesity has almost tripled. In fact, experts predict that if current trends continue unchanged, by 2030 more than half of the U.S. adult population will be obese, according to research published in the...

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02 Mar Proposed Summary of Benefits and Coverage Template and Updates

Posted at 19:44h in ClearPath blog, Compliance News, Employee Benefits, Health Care Reform

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Original post ubabenefits.com A Summary of Benefits and Coverage (SBC) is four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit's coverage and limitations. In February 2016, the...

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02 Mar Enrollment in Vision Plans Remains High

Posted at 10:00h in ClearPath blog, Employee Benefits, Wellness, Workplace

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Original post benefitsnews.com Employers hoping to attract and retain employees need not look further than their vision benefit offerings. New research shows vision benefits have high engagement with employees, but some experts say employers need to work closer with advisers to build the benefit plan workers are...

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26 Feb HRAs, HSAs, and Health FSAs – What’s the Difference?

Posted at 10:00h in ACA, ClearPath blog, Employee Benefits, Health Care Reform, PPACA Report

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Original post ubabenefits.com Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules, amounts may be...

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23 Feb Designing Your HRA or Flex Contributions to Meet Affordability Requirements

Posted at 10:00h in ClearPath blog, Compliance News, Employee Benefits, Health Care Reform

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Original post ubabenefits.com An Applicable Large Employer (ALE) that offers minimum essential coverage (MEC) to substantially all of its full-time employees may still owe penalties if the coverage it offers is inadequate because it is not “affordable” or it does not provide “minimum value.” Coverage is...

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17 Feb Employee Relations: Whether Time or Money Is More Important To You Could Mean the Difference in Your Overall Happiness

Posted at 05:00h in ClearPath blog, Employee Benefits, Employee Communication, HR, HR Elements, Workplace

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This isn't a question of whether you would rather have more time or money, but which do you value most?...

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09 Feb ACA Makes Tax Season Tougher For Small Companies

Posted at 05:00h in ACA, ClearPath blog, Employee Benefits, Management, Workplace

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Companies required to offer health insurance have new forms to complete providing details of their coverage. Owners whose payrolls have hovered around the threshold where insurance is mandatory need to be sure their coverage — if they offered it last year — was sufficient to...

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08 Feb How Do Your Copays and Deductibles Stack Up? Benchmark Your Employees’ Out-of-Pocket Costs

Posted at 05:00h in ClearPath blog, Employee Benefits

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As many analysts projected, premiums continue to rise, forcing many employers to manage this expanding price tag by shifting costs to their employees. As UBA reported in its breaking news, this cost shifting took the form of higher deductibles, out-of-pocket maximums, and copays for both...

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03 Feb What employees need to know now to file tax forms for PPACA

Posted at 05:00h in ACA, ClearPath blog, Employee Benefits, Employee Communication, Helpful Tips, IRS, PPACA, Workplace

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It is important for employers to educate individual taxpayers on what they are required to do and when and how to complete these requirements in the easiest and most efficient manner. ...

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