Employee Benefits Compliance Update: 3rd Quarter Review

AssuredPartners has released the 3rd Quarter Employee Benefits Compliance Newsletter that summarizes the compliance updates and changes that have occurred over the past few months. These topics include: 
• Medicare Part D Notices
• Rx Plans May Exclude Value of Drug Manufacturers’ Coupons Until Further Notice
• Summary Annual Reports
• Agencies Finalize Mental Health • Parity Resources
• Affordable Coverage
• MLR Rebates
• ACA Pay or Play Still Applies
• ACA Reporting 2019

Live Well, Work Well – October 2019

Topics Include:
• October is National Breast Cancer Awareness Month
• Devices Stealing Your Sleep
• The Dangers of Vaping
• Recipe: Corn, Zucchini and Tomato Pie

Benefits Buzz – October 2019

Topics Include:
• Deadline Approaching: Medicare Part D Notices Due Before 10/15
• Employers Expected to Spend More on Health Care and Wellness in the Next Year

Fatigue at Work

We all have nights where we don’t get enough sleep but getting the proper amount of sleep every night is necessary for our physical, mental, and emotional health. When a lack of sleep becomes a regular part of your routine, you might be putting yourself in more danger than you realize as you are likely suffering from fatigue.

HR Brief – October 2019

Topics Include:
• Hold on to Talent with Stay Conversations
• Help Employees Overcome Pre-work Stress

Compliance Bulletin: SAR is Due by Sept. 30 for Calendar Year Plans

Many employers that must file Form 5500 on behalf of their employee benefit plans must also provide plan participants with a summary annual report (SAR). The SAR is a summary of the information included in the Form 5500. Employers with plans that operate on a calendar year basis must provide the SAR by Sept. 30, 2019.

Compliance Bulletin: Medicare Part D Notices are Due Before Oct 15, 2019

Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable. Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Oct. 15, 2019—the start date of the annual enrollment period for Medicare Part D. 

ACA Compliance Bulletin: IRS Confirms ACA Pay or Play Penalties Still Apply

The IRS Office of Chief Counsel recently released an information letter regarding the employer shared responsibility (pay or play) penalties under the Affordable Care Act (ACA). This information letter confirms that the pay or play penalties continue to apply for applicable large employers (ALEs) that fail to offer acceptable health coverage to their full-time employees (and dependents).