|
|
|
|
|
|
What About the November 5 HPID Deadline? Forget It.
Michael Best & Friedrich LLP
Last Friday, October 31, the Department of Health and Human Services announced that registration for a health plan identification number has been indefinitely delayed.
This means that contrary to all the reminders, webinars, articles and sample forms with instructions, self-funded health plans can cease current action and wait for future guidance as to when the process can be finished. Click here for an article describing the announcement.
The Skinny on Skinny Plans
Kaiser Health News
For years, the benefits community has been in disagreement over whether plans offering only preventive services qualify as minimum essential coverage.
On November 4, the U.S. Treasury Department confirmed that such plans do not constitute minimum essential coverage.
Kaiser Health News has provided an explanation of the Treasury Department comments, and what this means for employers now offering such plans, which can be accessed by clicking here.
| |
IRS Raises Contribution Cap for FSAs
Employee Benefits Corporation
The IRS recently announced the annual contribution limit for health FSAs will be raised from $2,500 to $2,550. The change on the health FSA cap is for plan years beginning on or after January 1, 2015.
For employers that have set the maximum health FSA election at a specific dollar amount, they will need to amend their cafeteria plans to change the health FSA maximum to a different amount up to the $2,550 amount, if they so choose. For more information, click here.
HCTrends
The Benefit Services Group, Inc.
We have added some great content to HCTrends. If you haven't checked in with HCTrends lately, click on the link in the Archive sidebar to find this newly posted information.
- November 2014 Newsletter
- Quality Article from November 2014 Newsletter
- Survey Results
- Impact of ACA
|
| |
|
|
Industry Lauds EEOC Court Decision, Wellness Battle Continues
Employee Benefits News
In a decision that's being hailed as a victory for employer-sponsored
| |
wellness programs, the U.S. District Court for the District of Minnesota denied the Equal Employment Opportunity Commission's request for a temporary restraining order and preliminary injunction against Honeywell International Inc. Read more here.
|
| |
|
If you are not a regular subscriber to Enlighten, or our special edition issues, please join our distribution list to receive our regular e-newsletters.
|
|
|
|
Client Reminder: More information regarding Health Care Reform and other benefit resources is available on the HR360 website, available to BSG clients under the "Resources" menu of your HR Express website.
BSG subscribes to this service for your benefit. If you would like to learn more regarding this resource, please contact your account management team at BSG.
Additional Tools:
- Pay or Play Toolkit
- 2014 Health Care Reform Checklist
- Performance Review Builder
|
|
|
Click here to view previous articles.
Click here to view HCTrends library.
|
|
| |
BSG Recognized with The Milwaukee Business Journal's 2014 Healthiest Employer Award
BSG's wellness program helps employees understand how fit they are relative to others their age and gender, based on a scored fitness assessment (performance in the areas of sit ups, push-ups, pull ups and a walk/run). In January, BSG's overall Rival Rating was 108 (a score of 100 is average), increasing to 123 by July. BSG's goal is to achieve 135 by the end of the year. Jerry Frye, BSG's President and owner, is fully engaged in the program and he along with BSG's other senior leaders, encourage employees to participate via regular communications and public recognition of employees who achieve wellness program milestones. According to Mr. Frye, "We are working to build a strong culture at BSG that supports employee health and well-being." Click here to read about a BSG employee's wellness success story.
|
|
|
Enlighten is published by The Benefit Services Group, Inc. (BSG®), and is provided free of charge to select BSG client representatives and associates. By providing links to other sites, BSG does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to BSG. The preceding is not intended to be and is not offered as legal advice. We are prohibited from the practice of law. Compliance is the responsibility of the employer or Plan sponsor and affected employees who should seek their own legal counsel regarding questions about information presented in this newsletter. Copyright© 2014 The Benefit Services Group, Inc. (BSG®) is a registered trademark of The Benefit Services Group, Inc.
 READ BSG's PRIVACY POLICY |
|
|
|
|
|
