Learn about the change to hardship distributions employers may consider adopting. New legislation did not change what might constitute an individual hardship, but it does make hardship withdrawals easier to obtain for participants.
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OSHA recently released a memo clarifying how to apply standards when conducting compliance investigations. The federal regulations are still in place and remain unchanged, but the memo raises some concerns about post-accident drug testing.
About three million workers service equipment and face the risk of injury if lockout/tagout is not properly implemented. According to OSHA, compliance with the LOTO standard prevents an estimated 120 fatalities and 50,000 injuries each year.
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The end of the individual mandate penalty in 2019 does not change an employer’s 1094C/1095C reporting obligations. The information reported on the 1094C/1095C forms relates primarily to the employer mandate, which is not going away.
OSHA recently released a memo clarifying how to apply standards when conducting compliance investigations. The federal regulations are still in place and remain unchanged, but the memo raises some concerns about post-accident drug testing. If you’re going to conduct post-accident drug testing, you should still have some reason to believe that drug or alcohol use could have increased the likelihood of the incident occurring. Also, if you’re going to offer safety incentives for clean safety records, consider accompanying them with other incentive programs that more clearly reward actual safe practices or behaviors.
Frequency and severity of large claims are on the rise as the cost of medications and treatment continues to increase. Large claims are also more likely to be ongoing and have repeated high annual costs. These factors, combined with the elimination of lifetime claim maximums under the Affordable Care Act (ACA), have created disruption in the normally sleepy stop-loss world.
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In this new Threat Intelligence report, we discuss some of the latest cyber risks, including Chinese involvement in U.S. hardware hacks; a study that reveals the ease at which criminals are using legitimate email credentials; a Canadian university that recovered $10.9 million in an $11.8 million fraud scheme; millions of voter registration records listed for sale ahead of the 2018 mid-term elections; companies impersonated by hackers in phishing schemes; and ransomware-as-a-service that is now offering exploit kits to users.
Thirty-three states and the District of Columbia have legalized medical marijuana in one form or another, and ten states and the District of Columbia have legalized it for recreational use to varying degrees. As recent successful ballot initiatives have shown, with three new states approving some form of marijuana use in 2018 alone, marijuana is becoming increasingly accepted across the country. Which means it’s becoming increasingly likely that eventually you will have to confront how this panoply of marijuana laws impacts your workplace. And — surprise, surprise — that turns out to be much more complicated than it may at first seem.
As many employers work feverishly through open enrollment for the 2019 plan year, it’s important not to forget about every benefit professional’s other favorite year-end activity — 1094C/1095C reporting! The end of the individual mandate penalty in 2019 does not change an employer’s 1094C/1095C reporting obligations for 2018 when the individual mandate was still in effect. More importantly, the information reported on the 1094C/1095C forms relates primarily to the employer mandate (also known as the Employer Shared Responsibility Penalty or ESRP) which is not going away.
This archive has been updated to reflect changes made by the IRS in the Form 1095C and instructions for 2018.
We receive questions from employers almost daily on how to comply with these complex reporting requirements in various common (and unusual) situations and scenarios. To help with those questions, we have created 25 different ACA reporting tips for employers to use as guides when completing their Forms 1094C/1095C. These tips address some of the most common ACA reporting issues employers face, including helpful hints, tips and samples of completed Forms 1094C/1095C.
In March 2016, Congress established a Cybersecurity Task Force with the directive to determine the state of cybersecurity within the healthcare industry. They published their findings in June of 2017 and they were not good. It should come as no surprise then that healthcare continually ranks as experiencing the highest number of data breaches and cyber-attacks year over year.
Earlier this year, Congress passed (and the President signed) the Bipartisan Budget Act which included several provisions affecting qualified retirement plans. As employers look ahead at planning for a new calendar year, let’s take a moment to discuss the change to hardship distributions employers may consider adopting. New legislation did not change what might constitute an individual hardship, but it does make hardship withdrawals easier to obtain for participants.
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