Question: If an employee of an applicable large employer takes an unpaid leave of absence (not Family and Medical Leave Act), what happens to their benefit eligibility during that time? Answer: The answer depends on whether the employer is using the measurement and lookback method of tracking employees or the monthly method. Measurement and lookback: … Continued
A Summary of Benefits and Coverage (SBC) is four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit’s coverage and limitations. Recently, the Department of Labor (DOL) issued proposed revisions to the template and related materials. The … Continued
We’ve just released the latest findings from the UBA Health Plan Survey related to how health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are being used among employers. (Spoiler alert: California employers lead the way with the most generous account-based plans.) So which is faring better in the industry, HRAs or HSAs? The answer … Continued
Health reimbursement arrangements (HRAs), health savings accounts (HSAs) and health care flexible spending accounts (HFSAs) are generally referred to as account-based plans. That is because each participant has their own account, at least for bookkeeping purposes. Under the tax rules, amounts may be contributed to these accounts (with certain restrictions) and used for health care … Continued
On January 29, 2016, the Equal Employment Opportunity Commission announced the upcoming release of a proposed rule revising the Employer Information Report (EEO-1) to collect pay data from certain employers. Our partners at Constangy, Brooks, Smith & Prophete, LLP, have provided information explaining the proposed revision along with steps employers can take to prepare for … Continued
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