The Consolidated Appropriations Act of 2021 (CAA) added a requirement for entities rendering brokerage or consulting services to ERISA-covered group health plans to disclose in writing to plan fiduciaries all direct and indirect compensation received for providing services to the plan. Plan fiduciaries must obtain and review this compensation information before entering into the arrangement […]
My Doctor Won’t Listen to Me… How to Promote Better Communication with Your Doctor Good health care starts with good communication practices, but communication between you and your doctor can sometimes be difficult. At times, we tend to not share everything with our doctors including if we are unhappy with our visits. It is important […]
HSA Limits for 2023 IRS Revenue Procedure 2022-24 updated the limits for qualified high deductible health plans (QHDHPs) for plan years beginning in 2023 as well as the 2023 calendar year health savings account (HSA) contribution limits, as set forth below: For non-grandfathered health plans that are not QHDHPs, the out-of-pocket maximums for plan years […]
Healthy Diet, Happy Brain: How Your Diet Can Affect Your Brain’s Health We all go through life worrying about being healthy, losing weight, reducing stress, and exercising more. As the list continues, it is important to understand how these factors can also impact other parts of your body such as your brain. In this month’s […]
Section 132(f) of the Internal Revenue Code allows employers to provide certain tax-favored commuter benefits, a valuable fringe benefit for employees in light of the current high gas prices. This issue of the Benefit Minute describes these qualified transportation programs and provides related compliance reminders.
Get Up and Go… Starting a Physical Fitness Program Starting an exercise program is one of the best things you can do for your health, but it can be hard to know exactly where to start. In this month’s In Good Health flyer, learn tips for how to implement a regular exercise program into your […]
Maryland recently enacted a paid family and medical leave (PFML) program, joining several other states and the District of Columbia. The Time to Care Act (Act) became law when the state legislature overrode the Governor’s veto of the Act. The Governor indicated that the Act was supported by no actuarial analysis and no viable plan […]
This issue provides a recap of some recent regulatory activity.
Health care flexible spending accounts (HCFSAs) are a valued employee benefit, but create administrative and compliance responsibilities for employers and their third party administrators. Permitted changes to how HCFSAs operate made in response to the COVID-19 pandemic added to these responsibilities. This issue of the Benefit Minute summarizes current compliance considerations for HCFSAs.
