BALDWIN REGULATORY COMPLIANCE COLLABORATIVE
Welcome to the November 2024 Issue
Upcoming Compliance Deadlines
For information regarding upcoming compliance deadlines for employer-sponsored group health plans.
2024-2025 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.
2025 Open Enrollment Checklist
To get ready for open enrollment, employers who sponsor group health plans should be aware of compliance changes affecting the design and administration of their health plans for plan years beginning on or after January 1, 2025.
Updated Cybersecurity Guidance for Employee Benefit Plans
In its Compliance Assistance Release No. 2024-01, the U.S. Department of Labor’s Employee Benefits Security Administration (“EBSA”) confirmed that the cybersecurity guidance it issued in April 2021 generally applies to all employee benefit plans, including health and welfare plans.
2024 ACA Reporting Forms and Instructions Finalized
The IRS has released the final 2024 forms together with instructions for reporting under Internal Revenue Code Sections 6055 and 6056.
Nondiscrimination in Action – 2nd Article – Self-insured Group Health Plans
The IRC §105(h) nondiscrimination rules generally apply to self-insured medical reimbursement plans. All self-insured health plans are subject to these nondiscrimination rules—no exceptions apply for small employers or plans that have grandfathered status under the ACA.
Federal Government Proposes a Rule to Make Over-the-Counter Birth Control Free
The federal executive branch, the U.S. HHS, the DOL and the Treasury proposed a rule to expand access to contraception, including covering 100% of the costs for over-the-counter birth control and condoms…
The IRS Approves Employee Choice Among Several Benefit Plans for Employer Contributions.
The Internal Revenue Service (“IRS”), in a Private Letter Ruling 202434006 (“PLR”) released August 23, 2024, approved new flexibility, outside of a cafeteria plan, for the employee to choose where their employer’s contribution should be placed.
Question of the Month
Can an employer deny an otherwise COBRA eligible individual enrollment based upon the individual’s own gross misconduct?
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.