HR & Compliance

  • September 2014 Health Care Reform by

    Posted on: September 2, 2014Categories: HR & Compliance

    The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do not offer) to their employees. Below are a few quick facts from our latest health care reform email; Click here to read the full legislative brief. •     On July 24, 2014, the IRS released draft forms for Code Section 6055 & 6056 re ...

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  • Pre-Existing Conditions by

    Posted on: September 2, 2014Categories: HR & Compliance

    The Affordable Care Act (ACA) amended the rules regarding pre-existing condition exclusions in the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The HIPAA rules applied only to group health plans and group health insurance coverage, and permitted limited exclusions of coverage based on pre-existing conditions under certain circumstances. However, the ACA rules prohibit any pre-existing condition from being imposed by group health plans or group health insurance coverage, ...

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  • 10 Questions to Ask Yourself About Your Retirement Plan by

    Posted on: September 1, 2014Categories: HR & Compliance

    Understanding fiduciary responsibilities is important for the security of a retirement plan and compliance with the law. If you answer “no” to any of the following questions, you may not be complying with federal regulations. 1. Have you identified your plan fiduciaries, and are they clear about the extent of their fiduciary responsibilities? ERISA defines a retirement plan fiduciary as a person or entity that does any of the following with respect to a retirement plan: o   Exercises d ...

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