Compliance
Compliance Alerts
Study Shows Employers Prioritize Employee Wellness Over Costs When Selecting Benefits
A new study by consumer credit reporting agencyTransUnion revealed that employers are prioritizingholistic wellness over price when selecting employeebenefits. Employee benefits brokers and advisorsnationwide were surveyed for the sixth year. Employers’ interest in...
Health Plan Eligibility: Do’s and Don’ts
Employers sponsoring group health plans have some flexibility when decidingwhich groups of employees and dependents will be eligible for coverage.However, there are several crucial eligibility requirements employers shouldadhere to for health coverage. These rules can...
Compliance Alert: Massachusetts Paid Family & Medical Leave Private Plan Reporting Requirement
The Massachusetts Department of Family and Medical Leave (DFML) recently announced and added an Employer Private Plan Reporting Obligations | Mass.gov page to their website. Since its inception, the statute and regulations authorized DFML to request claim and...
IRS Warning HSAs Health FSAs and HRAs Cannot Pay for Personal Health and Wellness Expenses
The IRS recently issued a bulletin to remind taxpayers that tax-advantagedmedical savings accounts, such as health flexible spending accounts (FSAs) andhealth reimbursement arrangements (HRAs), cannot pay for personal expensesfor general health and wellness....