Generally, group health plans are subject to the HIPAA portability, privacy and security rules. An on-site clinic that provides treatment of minor injuries or illness is likely not a group health plan. In other words, your partially raided first aid kit is not a group health plan subject to HIPAA. Even if your on-site clinic meets ...
As an ERISA attorney, when I hear about a company providing great benefits, I immediately think of a good medical plan or a 401(k) that must have a large matching contribution. I saw an article this weekend that got my attention on a new strategy that some employers are using to get their young employees to save for retirement while ...
Lyndsey R. Barnett
If you are like many employers, you may have realized you were in over your head with these new reporting requirements or just didn’t have the time to get up to speed or prepare the forms and, therefore, you likely hired a third-party vendor to assist you in meeting these new obligations. Great first step on your part! However ...
Currently, the Internal Revenue Service uses a cycle system to stagger the submission deadlines for employers seeking a favorable determination as to the qualified status of their individually designed retirement plans. As announced last year, the 5-year remedial amendment cycle program for individually designed plans is ...
In a previous post, we discussed how to calculate hours of service for an individual receiving payments from a short-term disability (“STD”) or long-term disability (“LTD”) arrangement. In order to avoid potential pay or play penalties, do you need to make an offer of health plan coverage to these individuals?
All large ...
By now you know that if you employ at least 50 full-time employees (or full-time equivalents), you are subject to the Employer Shared Responsibility provisions under section 4980H of the Code (often called the pay or play penalties). Also, to comply with the reporting requirements in the final regulations, Applicable Large ...
Since we assume if you are reading this that you are an avid reader of our blog, you undoubtedly know that all large employers have to send new IRS Form 1095-C to their full-time employees by March 31st. See our prior post for more detail about the delay. If you’re an employer that sponsors a self-funded plan, you have to ...
David Pixley
Under federal law, employers are not required to offer transportation benefits or have a qualified transportation program. Several major metro areas have local ordinances that do require employers to provide these benefits for employees working in those cities. Some cities require that employers have a written plan document ...
David Pixley
Currently, the Internal Revenue Service uses a cycle system to stagger the submission deadlines for employers seeking a favorable determination as to the qualified status of their individually designed retirement plans. Plan cycles are determined by the last digit of the plan sponsor’s employer identification number (EIN).
Global employers face unique challenges in complying with the ACA. Employers that only employ U.S. citizens working abroad, being paid from foreign sources, are likely not subject to the ACA mandates. Employers employing at least 50 full-time employees (or full-time equivalents), working in the United States, are subject to the ...