As a parent, I have learned the value of providing very specific directions. For example, if I tell my 3-year old to get her “shoes” to go play in the park, she will always grab her favorite snow boots. Technically, she complied with my request, but it clearly wasn’t what I meant. I know that I should have asked her to get her ...
According to the a recent study by the DOL, only 61 % of employee benefit plan audits fully complied with professional auditing standards or had only minor deficiencies under the professional standards. That statistic is rather alarming to me. While employers often see spending money on the plan audit as a necessary evil ...
That is not a question I want to hear from my doctor, because my response would be something like: “Are you #$%@ing kidding me?” But lately some insurers and physicians have been asking whether colonoscopy sedation is medically necessary; raising questions about whether the patient would need to decide between skipping the ...
Over the past few months, I have worked with many frustrated employers as they were trying to get their systems and data ready to comply with the new ACA reporting requirements. In early 2016, all large employers and all self-funded employers are required to report information to the IRS to assist the IRS in assessing both the ...
Recently, I read an article that referenced a computer study about U.S. Supreme Court opinions. Apparently, the Court’s written opinions may be trending longer and “grumpier” than they used to, even if they are now easier to read. Always the optimist, I assume that the Court read this study, and in a monumental showing of ...
For those that like to get a jump on planning for next year, the IRS just announced the new 2016 contribution limits for a health savings account (“HSA”), as well as the 2016 minimum deductible and maximum out-of-pocket limits associated with a high deductible health plan (“HDHP”). The IRS did not change several of the ...