14 Mar Using Compliance Reviews to Prepare Employers for Audit

Posted at 05:00h in ClearPath blog, Compliance News, Employee Benefits, Health Care Reform, Workplace

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Original post benefitsnews.com A retirement plan sponsor has a fiduciary duty to ensure that the plan complies with all federal and state rules and regulations. Plan sponsors must follow the plan’s provisions without deviating from them unless the plan has been amended accordingly. Failure to follow...

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11 Mar Health Care Reform Added 20 Million Adults to Coverage Rolls

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

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Original post businessinsurance.com More than 20 million adult Americans have gained health insurance coverage due to the health care reform law, the U.S. Department of Health and Human Services said in a report released Thursday. “Thanks to the Affordable Care Act, 20 million Americans have gained health...

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10 Mar Bill Would Allow Medicare-Eligible Retirees to Keep HSA Contributions

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

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Original post businessinsurance.com Health savings accounts are surging in popularity — and that can lead to some complications for older workers who enroll in Medicare. Health Savings Accounts (HSAs) are offered to workers enrolled in high-deductible health insurance plans. The accounts are used primarily to meet deductible...

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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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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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25 Feb Post-PACE, UBA Conducts State-By-State Survey of Small Group Definitions

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

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Original post ubabenefits.com The newly enacted PACE Act offered significant relief to employers with 51 to 99 employees who, under the Patient Protection and Affordable Care Act (ACA), would otherwise have been subject to community rating.Community rating, which affects the small group and individual markets, is...

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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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12 Feb Compliance Recap: January 2016

Posted at 05:00h in ACA, Health Care Reform, IRS, Know Your Benefits, Resources

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January was a very quiet month for compliance, on the heels of the multitude of delays that came at the end of December 2015. The IRS updated its FAQs related to 6055 and 6056 reporting under the Affordable Care Act (ACA)....

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