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Welcome to Benefits, Inc.
Thank you for being part of Benefits, Inc. The landscape of the business world is changing every day. This newsletter is provided in order to inform you of up to date and accurate information regarding federal and state legislation, HR trends, compliance, and benefit strategies.
We appreciate your business and if you have any questions please feel free to contact us at 615-446-3303.
Sincerely,
Tim White & Kevin Smith
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New FAQs Address Summary of Benefits and Coverage (SBC) Notice Requirements

The U.S. Department of Labor (DOL) has released a new set of Frequently Asked Questions (FAQs) relating to the new summary of benefits and coverage (SBC) notice requirements under Health Care Reform.
The 24 FAQs address various issues related to the requirement that group health plans provide participants and beneficiaries with an SBC containing specific information about the plan and coverage, at certain times during the enrollment process and upon request, including clarification relating to:
- Combining certain information with respect to different coverage tiers, different cost-sharing selections (such as levels of deductibles, copayments, and co-insurance), and different add-ons to major medical coverage that could affect cost-sharing and other information in the SBC (such as FSAs, HRAs, HSAs, or wellness programs) into one SBC;
- The requirement to provide SBCs to individuals who are COBRA qualified beneficiaries;
- Circumstances under which an SBC may be provided electronically;
- Model language for meeting the requirement to provide an e-card or postcard in connection with evergreen website postings;
- The requirement to provide the SBC in a culturally and linguistically appropriate manner;
- The impermissibility of substituting a cross-reference to a plan's summary plan description (SPD) or other documents for any content element of the SBC;
- Making certain minor changes to the SBC format and language; and
- The option to include a statement in the SBC about whether a plan is a grandfathered health plan.
The FAQs also make clear that, during the first year of applicability for the new SBC rules, penalties will not be imposed on plans and issuers that are working diligently and in good faith to provide the required SBC content in an appearance that is consistent with the final regulations. This is consistent with the federal agencies' basic approach to the implementation of Health Care Reform, which emphasizes assisting (rather than imposing penalties on) plans, issuers and others that are working diligently and in good faith to understand and come into compliance with the new law.
You may view the FAQs in their entirety from the DOL.
Source: HR360.com |
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Employers Anticipate Increased Hiring Activity Through Spring
Results from the Manpower Employment Outlook Survey for the second quarter of 2012 indicate that employers across all industries and regions are reporting a positive hiring outlook for April through June.
More than 18,000 U.S. employers were asked about their anticipated total employment over the next three months. Of those surveyed:
- 18% of employers expect to increase their number of employees, compared to 6% that anticipate a decrease in employment.
- 72% of employers expect no change in their workforce.
- 4% of employers responded that they are unsure of their hiring plans for the upcoming quarter.
These figures produce a net employment outlook (defined as the percentage of employers anticipating an increase in hiring activity less the percentage of employers expecting a decrease in hiring activity) of +12%, or +10% when adjusted for seasonal variations.
Employer Confidence Improves The survey data shows slow but steady growth in employer confidence, with considerable progress since the recessionary low outlook of -2% in 2009.
- The second quarter of 2012 marks the first double-digit outlook since the last quarter of 2008, when the outlook also measured +10%.
- The rise in confidence also marks 10 straight quarters of positive overall survey results, following three quarters of pessimistic hiring plans.
The positive employment outlook extends across all industries and geographic areas.
- Employers in all 50 states, Puerto Rico and the District of Columbia reported intentions to increase hiring. The outlook for the upcoming second quarter was highest in North Dakota (+26%), followed by Alaska, Vermont, Delaware, and Oklahoma (all reporting an outlook above 20%).
- Employers in each of the 13 industry sectors surveyed reported a positive employment outlook for April through June, with the Leisure & Hospitality industry ranking the highest (+26%). Comparing the data quarter over quarter, employers in the Construction, Nondurable Goods Manufacturing, and Transportation & Utilities industries also anticipate a considerable hiring increase.
Manpower Inc. expects to release its Employment Outlook Survey for the third quarter on June 12, 2012.
The results of the full survey are available for download. If your company is among those looking to increase its hiring, be sure to check out the article above for some key do's and don'ts of interviewing.
Contact us for more tips on building a successful recruitment and hiring strategy to add to your company's workforce.
Source: HR360.com |
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Updated FMLA Model Forms Released
Updated model forms are now available for employers to use in connection with leave taken by employees under the federal Family and Medical Leave Act (FMLA).The updated forms reflect a new expiration date of February 28, 2015.
Family and Medical Leave The FMLA entitles eligible employees to take up to 12 workweeks of unpaid, job-protected leave in a 12-month period for specified family and medical reasons. It also includes certain family military leave entitlements. Employers who employ 50 or more employees for at least 20 workweeks in the current or preceding calendar year must comply with the FMLA. Employees must work at a location where the company employs 50 or more employees within 75 miles and meet certain other requirements with respect to time worked before they are entitled to take FMLA leave.
Updated Forms Available The following model forms have been updated with the new expiration date:
- WH-380-E Certification of Health Care Provider for Employee's Serious Health Condition - WH-380-F Certification of Health Care Provider for Family Member's Serious Health Condition - WH-381 Notice of Eligibility and Rights & Responsibilities - WH-382 Designation Notice - WH-384 Certification of Qualifying Exigency For Military Family Leave - WH-385 Certification for Serious Injury or Illness of Covered Servicemember--for Military Family Leave
GINA and Requesting Medical Certification Employers should note that Title II of the federal Genetic Information Nondiscrimination Act (GINA) prohibits the use of genetic information in employment, restricts employers from requesting, requiring, or purchasing genetic information, and strictly limits the disclosure of genetic information.
FAQs issued by the U.S. Equal Employment Opportunity Commission (EEOC) provide guidance for employers to help them comply with GINA when they request medical certification from an employee taking FMLA leave. Specifically, when an employer makes a request for health-related information, it should warn the employee and/or health care provider from whom it requested the information not to provide genetic information (see FAQ #17 for suggested language for this warning). According to the EEOC, if this type of warning is provided, any resulting acquisition of genetic information will be considered inadvertent, and therefore not in violation of GINA. In other words, use of this type of warning creates a 'safe harbor' for employers who receive genetic information in response to a request for health-related information. For More Information
Additional information on the new FMLA forms is available from the U.S. Department of Labor. The EEOC provides further guidance on genetic information discrimination.
Source: HR360.com |
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What is a Premium Only Plan?
A Premium Only Plan is a program established by an employer in order to allow employees to pay for health, dental and other qualified benefits on a pretax basis. This is made possible under Section 125 of the IRS Code and as a result they are sometimes referred to simply as "Section 125 Plans."
The plan not only benefits employees by lowering their taxable income, but it allows employers to lower their payroll taxes as well. There are a few considerations each employer should ponder before establishing a plan so contact us today if you'd like to learn more. We can help you review your needs and establish a plan that's right for you and your employees.
Contact us today to learn more.
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About Benefits, Inc.
Benefits, Inc. is a full service employee benefits agency. However we also offer Business Insurance, Work Comp, and Risk Analysis. Contact us today at 615-446-3303 for more information. |
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