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Risk Management & Insurance news for the well-informed business leader
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August 2014
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Employer Services
Group Benefits Consulting
Payroll & Benefits Administration
Health Management & Wellness
Compliance / Health Reform
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ACA Update:
Forms Related to New Reporting Requirements, Increased Threshold for Affordable Coverage, and Court Rulings on Subsidies
July was a busy month for news regarding the Affordable Care Act (ACA). The IRS released drafts of forms related to the new employer reporting requirements for 2015, the IRS raised the threshold for "affordable coverage" under the employer mandate, and the courts issued conflicting rulings on ACA subsidies.
- Think HR
As additional details and requirements of the ACA emerge, The McCart Group will update you on provisions and deadlines that affect employers and employer-sponsored group health plans.
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How Employers Should Handle MLR Rebates
For the third year, employers who sponsor an insured group health plan may be receiving a Medical Loss Ratio (MLR) rebate from their insurers. Self-funded medical benefit plans are not subject to these requirements. The rebates raise several fundamental questions for employers.- Benefit Comply
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Final Rules - 90 Day Waiting Period & Orientation Period
Final regulations were released by the DOL, HHS, and the IRS regarding the Affordable Care Act 90-day waiting period rules, including the new one month "orientation period," which may be imposed prior to the start of the waiting period.- Benefit Comply
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Large Employers Driving HSA Growth
Enrollees use accounts for current needs and to save for future expenses
Nearly 17.4 million Americans are now covered by health savings account/high-deductible health plans (HSA/HDHPs), according to a July 2014 report from AHIP. Enrollment in HSA plans has grown on average 15% annually since 2011.
- Society for Human Resource Management
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EEOC Issues New Enforcement Guidance on Pregnancy Discrimination
On July 14, 2014, the Equal Employment Opportunity Commission (EEOC) issued new Enforcement Guidance (the "Guidance") on pregnancy discrimination and related issues. This is the first update to the EEOC's pregnancy-related Enforcement Guidance in 30 years.
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Employer Services
Have Questions?
Our Benefits and Payroll professionals at The McCart Group can provide you with additional information on any of the topics covered under the Employer Services section of the newsletter.
We use an integrated approach to design and implement employee benefit plans, payroll & benefit administration services, technology- based HR information systems, and health management and wellness programs. For more information, call 770-232-0202 or visit www.mccart.com today! |
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Risk Management & Insurance
Property & Casualty Insurance
Risk Management Consulting Claims Management Risk Control & Safety |
Mission-Critical Business Continuity and Disaster Recovery Strategies
CEOs, CFOs and risk managers, regardless of industry, buy insurance. They buy insurance to protect their company from losses, sometimes catastrophic losses.
Many times these losses have nothing to do with the ability of the company to continue to do business. A slip and fall, a bit of property damage, an accident at a client's office; these incidents, these losses hardly impact business.
In fact, many times property and casualty insurance is the disaster preparedness plan or the business continuity plan.
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Embezzlement Schemes Often Involve Multiple Parties and Employees
Embezzlement is often labeled a white-collar crime because of the nature of the criminal-a person of respectable status-and the environment in which the crime occurs-a professional setting. It depends on statutory enactment in each state. - Chubb Insurance
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16 States Face High Risk of Earthquakes
Sixteen states are at high risk of damaging earthquakes over the next 50 years and certain areas of the United States face a higher threat of temblors than previously thought, a federal geological survey agency said.
The findings come from updated earthquake hazard maps that were released by the U.S. Geological Survey. The maps are used to help define safe building codes, help emergency responders plan after a quake, and influence insurance rates, the report said.
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Employee Engagement Ultimately Impacts the Bottom Line
Engaged workers dramatically improve their company's bottom line. Employee engagement and safety climate have been shown to be directly correlated with the incidence of injuries and illnesses.
- The McCart Group Risk Control & Safety
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Pedestrian Walkway Safety is Critical
At many of our clients' facilities, employees and customers alike are walking through warehouse areas while exposed to forklift traffic. While it is extremely important forklift operators are trained and diligent as they drive through our warehouses, safety on the part of the pedestrian is a must.
- The McCart Group Risk Control & Safety
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Risk Management & Insurance
Have Questions?
Our P&C and Risk Management professionals at The McCart Group can provide you with additional information on any of the topics covered under the Risk Management and Insurance section of the newsletter.
Addressing the complex risk management issues and property & casualty insurance needs of public and private companies, our services include property & casualty insurance program analysis and design, merger & acquisition due diligence, workers' compensation programs, risk control, safety, and claim management. For more information, call 770-232-0202 or visit
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Compliance Matters
Relief from Internal Revenue Code Penalties for
Late Filing of Form 5500
December 1, 2014, Deadline for Some Filings There are additional steps that plan administrators must take, in order to avoid penalties under the Internal Revenue Code, if they failed to timely file the Form 5500 series of annual reports. A separate filing of Form 8955-SSA is required, even for plan years before 2009. Plan administrators who fail to timely file the Form 5500 series annual reports can be subject to penalties under both ERISA and the Internal Revenue Code.
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 Health and Wellness Good health, an active lifestyle, and general well-being are important to
The McCart Group! Look here each month for links to the latest health and wellness news and information.
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Don't miss the next McCart Group seminar: Tuesday August 26, 2014 from 11:00 - 2:30 at Hyatt Atlanta Perimeter at Villa Christina. Hear the results of the largest mid-market benefits survey in the country! Also, leading compliance expert Bob Radecki, will present the latest developments in healthcare reform.
The Benefits Survey is open until August 12th! The McCart Group has completed the survey for each of our clients, but if you're not a client and would like to participate, you may LOG IN NOW. Each survey participant will receive an Individual Customized Benchmarking Report. - August 19, 2014 - HIPAA Certification Requirements Webinar, 1:00 - 2:30.
Approved for 1.5 HRCI credits. REGISTER NOW. - August 26, 2014 - Benefits Benchmarking Survey Results Seminar, 11 - 2:00, Hyatt Atlanta Perimeter at Villa Christina. Approved for 3 HRCI credits. REGISTER NOW.
- September, 2014 - 5th Annual Trucking Litigation Seminar - Waverly Hotel and Cobb Galleria
Since 1971, The McCart Group has been solving complex risk management, insurance, benefits, and payroll / administrative support problems for public and private companies.
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www.mccart.com
The McCart Group 2405 Satellite Blvd.
Suite 200
Duluth, GA 30096
770-232-0202
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This newsletter is a periodical publication of The McCart Group and should not be construed as legal advice or a legal opinion on any specific facts or circumstances. The contents are intended for general information purposes only, and you are urged to consult a lawyer or other professional advisor concerning your own situation and any specific facts and circumstances that apply. | |
The McCart Group keeps its contact database strictly confidential.
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