27 Apr The (Benefits) World Revolves Around Plan Documents

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

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How would you be sitting if a Department of Labor (DOL) investigator asked for your company’s group health plan documents? Would you be able to put your hands on an updated copy of the plan document, summary plan description, summary of benefits and coverage,...

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26 Apr Common Compliance Issues for Health Savings Account Participants

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

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A health savings account, or HSA, is an attractive means of offsetting heath care costs. HSAs are tax-exempt trusts or custodial accounts established to pay medical expenses or reimburse incurred expenses. ...

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25 Apr DOL Guidance on the ACA and Federal Wage Payment Statutes

Posted at 10:00h in ACA, ClearPath blog, Compliance News

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The Wage and Hour Division of the U.S. Department of Labor has issued guidance to governmental agencies on the interaction of the Affordable Care Act and government contractors’ responsibilities for payment of fringe benefits....

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23 Mar IRS Reporting Tip #1: Form 1094-C, Line 22

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

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Under the Patient Protection and Affordable Care Act (ACA), individuals are required to have health insurance while applicable large employers (ALEs) are required to offer health benefits to their full-time employees. In order for the Internal Revenue Service (IRS) to verify that (1) individuals have the...

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21 Mar Benefit and Payment Parameters Rule and HIP FAQ

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

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The 2017 Benefit and Payment Parameters (BPP) rule, an annual rule that sets policies relating to the Patient Protection and Affordable Care Act (ACA), has been released by the Centers for Medicare and Medicaid Services (CMS). The 2017 rule contains numerous updates, including the annual...

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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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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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22 Jun PCORI Fees Due July 31 for Many Health Plans. How Much Do You Owe?

Posted at 08:42h in ClearPath blog, PPACA

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The Patient-Centered Outcomes Research Institute (PCORI) fee is to support this research and applies from 2012 to 2019. The fee is due based on plan/policy years ending on or after October 1, 2012, and before October 1, 2019. Read more here...

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