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Revisiting ERISA Plan Documents and SPDs in the New Year

  • On December 30, 2024
The Employee Retirement Income Security Act of 1974 (ERISA) governs employee benefit plans maintained by private-sector employers. ERISA requires that employer-sponsored welfare benefit plans, such as group health plans, be described in a written plan document. Employers must also provide participants with a Summary Plan Description (SPD) that explains the plan’s terms. Note, however, that […]
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No Telehealth Flexibility Extension for HSAs in Funding Bill

  • On December 23, 2024
On Saturday, December 21, 2024, President Biden signed the American Relief Act of 2025 (ARA) into law, averting a federal government shutdown. After intense negotiations, Congress reached a deal Saturday just in time for the holidays, opting to fund the government at current levels through March 14. Failing to reach a deal would have resulted in the […]
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Congress Passes Two Laws Intended to Ease Employer ACA Reporting

  • On December 16, 2024
Update as of 12/24/2024: President Biden has signed the Paperwork Reduction Act and the Employer Reporting Improvement Act into law. Congress passed the Paperwork Reduction Act and the Employer Reporting Improvement Act, each of which would modify the ACA’s provisions on 1094 and 1095 tax form reporting. President Biden is expected to sign both acts […]
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Improved Payment Processing Coming Soon

  • On December 16, 2024
As your general agency, ExpressLink offers comprehensive services, support, and resources to help you effectively sell insurance products and serve your clients. This includes access to multiple insurance carriers, expertise and guidance, administrative support, and more. Our team of experts in medical insurance, ancillary, and worksite benefits provides hands-on experience and the support necessary for […]
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IRS Releases 2024-2025 PCORI Fees

  • On December 10, 2024
The Affordable Care Act created an annual assessment of health insurance carriers and self-insured group health plans to help fund the Patient-Centered Outcomes Research Institute (PCORI). Often referred to as the PCORI fee, health insurance carriers pay it on behalf of their fully insured group health plan clients. However, employers who offer self-funded and level-funded […]
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Navigating HR Compliance – Notable 2024 Rulings

  • On December 10, 2024
Staying on top of compliance requirements throughout the year can be challenging. As you and your clients prepare for the New Year, reviewing and updating your policies and procedures to ensure they align with the latest regulations is essential. Employers saw a number of “hot button” topics in 2024 and will continue to see them […]
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