HR & Compliance

  • Am I Required to File a Form 5500 or 5500-SF for my Employee Benefit Plan? by

    Posted on: July 24, 2014Categories: HR & Compliance

    Administrators of ERISA employee benefit plans are required to file an annual Form 5500 or 5500-SF, unless a reporting exemption applies. More specifically, if you are the administrator of a profit sharing plan, stock bonus plan, money purchase plan, 401(k) plan, defined benefit plan, certain 403(b) plans or a welfare benefit plan, generally you must file a Form 5500 or 5500-SF for the plan each year. Certain welfare benefit plans are exempt from all or part of the Form 5500 series reporting ...

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  • July 2014 Health Care Reform by

    Posted on: July 22, 2014Categories: HR & Compliance

    Beginning in 2014, the Affordable Care Act (ACA) establishes the following three risk-spreading programs to provide payments to health insurance issuers that cover higher-risk populations and to more evenly spread the financial risk carried by issuers: a transitional reinsurance program, a temporary risk corridor program and a permanent risk adjustment program. The transitional reinsurance program is intended to help stabilize premiums for coverage in the individual market during the first thre ...

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  • Cost-sharing Limits for Health Plans by

    Posted on: July 22, 2014Categories: HR & Compliance

    Beginning in 2014, the Affordable Care Act (ACA) requires certain health plans to comply with cost-sharing limits with respect to their coverage of essential health benefits. Under the ACA, “essential health benefits” (EHB) must be equal in scope to benefits covered by a typical employer plan and must include items and services in ten general categories, including hospitalization, prescription drugs and maternity and newborn care. The cost-sharing limits include both an overall annual limit ...

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