BALDWIN REGULATORY COMPLIANCE COLLABORATIVE
Welcome to the December 2024 Issue
Upcoming Compliance Deadlines
For information regarding upcoming compliance deadlines for employer-sponsored group health plans.
2024-2025 Affordable Care Act (“ACA”) Reporting Office Hours with BRCC Compliance Experts.
The BRCC announces a new series of open office hours with our ACA compliance experts, designed specifically for the 2024-2025 reporting season.
Summary Annual Report (“SAR”) due December 15th for Calendar Year Plans with Form 5558 Extensions.
Employers who are required to submit a Form 5500 for their employee benefit plans also have an obligation to distribute a summary annual report (“SAR”) to those participating in the plan.
Internal Revenue Service (“IRS”) Releases Draft Publication 15-B (Fringe Benefits).
The Internal Revenue Service (“IRS”) issued an early release draft of their annual Publication 15-B. The draft contains tax forms, instructions, and other resources provided to the public for information only purposes.
Nondiscrimination in Action, Part III: Group Term Life Insurance Plans.
The third white paper article from the Baldwin Regulatory Compliance Collaborative “Nondiscrimination in Action” series, is published here on the topic of group term life insurance coverage deductibility.
IRS Expands List of Preventive Care Benefits for High Deductible Health Plans (“HDHP”).
On October 17, 2024, the IRS issued Notice 2024-75 (“Notice”) to expand the list of preventive care benefits permitted to be provided by a high deductible health plan (“HDHP”) on a pre-deductible basis…
HHS Office for Civil Rights Settles 2 Ransomware Cybersecurity Investigations totaling $590,000.
On October 6 and 31, 2024, the Department of Health and Human Services (“HHS”) and the Office for Civil Rights (“OCR”) announced settlements with Plastic Surgery Associates of South Dakota
California Enhances Oversight of Recordkeeping and Claim Reimbursement Requirements for Health Care Service Plans.
On September 27, 2024, Governor Newsom signed Assembly Bills AB 3221 and AB 3275 into law.
Mandatory Extension of Certain Deadlines for Health Benefit Plans Due to Recent Natural Disasters.
On November 8, 2024, the Employee Benefits Security Administration, the Department of Labor, and the Internal Revenue Service, Department of the Treasury (collectively, the “Departments”)
Navigating FMLA Compliance During Mergers and Acquisitions (a BRCC White Paper).
Mergers and acquisitions (“M&As”) are complex transactions with far-reaching implications, including potential impacts on compliance obligations, liabilities and rights. One crucial area where compliance must be carefully managed is under the Family and Medical Leave Act (“FMLA”).
The Mental Health Parity and Addiction Equity Act Final Rule and its Intersection with the ACA §1557 Final Rule.
The Mental Health Parity Addiction and Equity Act (“MHPAEA”) provides regulations designed to ensure parity between employee benefit plans covering Mental Health and Substance Use Disorders
Question of the Month.
Our “Question of the Month” concerns determining applicable large employer (“ALE”) status under the Affordable Care Act (“ACA”).
FEATURED COMPLIANCE INSIGHTS
Training and Webcast Calendars
2024 HIPAA Complete Training Calendar
2024 Baldwin Professional Education Connection Educational Webcast Calendar
This newsletter is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. The content of this newsletter is made available on an “as is” basis, without warranty of any kind. The Baldwin Insurance Group Holdings, LLC (“The Baldwin Group”), its affiliates, and subsidiaries do not guarantee that this information is, or can be relied on for, compliance with any law or regulation, assurance against preventable losses, or freedom from legal liability. This publication is not intended to be legal, underwriting, or any other type of professional advice. The Baldwin Group does not guarantee any particular outcome and makes no commitment to update any information herein or remove any items that are no longer accurate or complete. Furthermore, The Baldwin Group does not assume any liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Persons requiring advice should always consult an independent adviser.
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Get in touch with our compliance team
The Baldwin Regulatory Compliance Collaborative is a national team of compliance and ERISA experts to help keep your organization compliant and informed.