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BRCC / Baldwin Bulletin – May 2024

COMPLIANCE NEWSLETTER – MAY 2024

Baldwin Bulletin

BALDWIN REGULATORY COMPLIANCE COLLABORATIVE

Welcome to the May 2024 Issue

A monthly guide to important legal news and employee benefits-related industry happenings, designed to keep you abreast of the latest developments.

This month’s issue of the Baldwin Bulletin focuses on providing you with important upcoming compliance deadlines as well as information regarding certain hot-button compliance issues significantly impacting employers.

Upcoming Compliance Deadlines

Employers must comply with numerous reporting and disclosure requirements in connection with their group health plans. Review the upcoming deadlines below.

2024 HIPAA Privacy and Security Rule Training Calendar

BRCC’s HIPAA training calendar for 2024 is available below. Please note that all trainings will be broadcast on the first Tuesday of each month, beginning at 3:00 pm Eastern, 12:00 pm Pacific…

2024 BRCC Educational Webinar Calendar

The BRCC’s monthly webinar calendar for 2024 is available. Note that the webinar series is scheduled for the last Wednesday of every month at 1:00 pm Eastern, 10:00 am Pacific time…

Form 5500 Deadline is July 31, 2024, for Calendar Year Plans

Employers sponsoring certain tax-qualified employee benefit plans and other programs subject to the Employee Retirement Income Security Act of 1974 (“ERISA”) must electronically…

Final Regulations Issued by the Departments Regarding Short-term, Limited-duration Insurance and Fixed Indemnity Coverage

On March 28, 2024, the Departments of Health and Human Services (HHS), Labor, and the Treasury (collectively, the Departments) released final rules regarding short-term, limited-duration..

Section 213(d): Overview and Applicability of Allowable Medical Expenses

Section 213(d) of the Internal Revenue Code is a critical component of the U.S. tax system. Specifically, Section 213(d) governs the taxability of certain reimbursements arising from qualifying

Impact of the Religious Freedom Restoration Act (RFRA) on the ACA Sec. 1557 & Title VII of the Civil Rights Act (CRA)

US District Court ruling in Christian Employers Alliance v. EEOC, et al. limits federal government enforcement of ACA Sec. 1557 and Title VII of CRA if they Interfere with the Religious Freedom…

U.S. Supreme Court Hears Arguments Related to Legality of Medication Abortion

On March 26, 2024, the Supreme Court heard the case of Alliance for Hippocratic Medicine, et al v FDA (5th Circuit Court ruling, stayed and awaiting final adjudication from the U.S. Supreme Court)

Question of the Month

Please confirm whether an employee’s spousal relocation of personal residence to the United States following a period of several years living as an ex-patriot (e.g., residing outside of the

FEATURED COMPLIANCE INSIGHTS

Deadline Updates and Reminders

Ensure you don’t overlook critical updates and reminders that could potentially impact your employee benefits.

PCORI 2024 Fee Payment Amount Adjusted and Payment Reminder

Important Update on New Medicare Part D Creditable Coverage Determination

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.

The Baldwin Group offers insurance services through one or more of its insurance licensed entities. Each of the entities may be known by one or more of the logos displayed; all insurance commerce is only conducted through The Baldwin Group insurance licensed entities. This material is not an offer to sell insurance.

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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.