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BRCC / Baldwin Bulletin – October 2024

COMPLIANCE NEWSLETTER – October 2024

Baldwin Bulletin

BALDWIN REGULATORY COMPLIANCE COLLABORATIVE

Welcome to the October 2024 Issue

The Baldwin Bulletin serves as a monthly guide to important regulatory developments, legal news, and employee benefits-related industry happenings designed to keep you abreast of the latest developments.

This month’s issue focuses on important upcoming compliance deadlines and includes our timeline of upcoming compliance requirements, in addition to providing information regarding certain hot-button compliance issues significantly impacting employers.

Upcoming Compliance Deadlines

For information regarding upcoming compliance deadlines for employer-sponsored group health plans.

The California Corner: Changes to the California Short-Term Disability Program

New to the Baldwin Bulletin will be a quarterly update on hot topic, California-related issues…

The California Corner: SB 729, Treatment for Infertility and Fertility Services

On September 29, 2024, California’s Governor Gavin Newsom signed SB 729 into law, changing the landscape of how infertility is covered…

Understanding Imputed Income.

Imputed income is the value of any non-cash benefit or income an employee receives that is not part of their regular wages, which comes into play with some employee benefits.

Nondiscrimination in Action – New BRCC White Paper Series

The BRCC is announcing a new white paper analytic series titled “Nondiscrimination in Action”. This series will feature a monthly publication of nondiscrimination standards…

IRS Releases 2025 HSA, HDHP, and HRA Inflation Adjusted Limits for 2025

The Internal Revenue Service (“IRS”) issued Revenue Procedure 2024-25, announcing the calendar year 2025 annual health savings account (“HSA”) contribution limitation…

Employee Lawsuits Claim Tobacco Surcharge Violates ERISA and HIPAA Non-Discrimination

The non-discrimination rules in federal laws such as the Employee Retirement Income Security Act of 1974 (“ERISA”) and the Health Insurance Portability…

October Is Cybersecurity Awareness Month: Ensure Your Cybersecurity Preparedness Plan is in Place

Since 2004, October has been declared as Cybersecurity Awareness Month. It is a collaborative effort between government and…

HIPAA Privacy Rule to Support Reproductive Health Care Privacy

On June 20, 2024, the Department of Health and Human Services (“HHS”) released additional educational resources related to its final rule modifying certain provisions of the HIPAA Privacy Rule to support reproductive health care privacy…

Medicare Part D Annual Disclosure Due Before October 15

Employers that offer prescription drug coverage must provide notices of “creditable” or “non-creditable” coverage to Medicare…

Question of the Month

Our “Question of the Month” concerns electronic delivery of required annual notices.

FEATURED COMPLIANCE INSIGHTS

Deadline Updates and Reminders

Stay on top of everything and never miss out with our comprehensive calendars guiding you every step of the way

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.

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.