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Rely on M3 to share the most up-to-date information on trending topics that impact your organization. Get the key compliance information you need in just around 5 minutes, then move on with your day. For more in-depth compliance and business information, visit M3‘s Insight Center: https://m3ins.com/insight-center/
Episodes
Tuesday Nov 28, 2023
S3-Ep2: Does a New Spousal Surcharge Enact Special Enrollment?
Tuesday Nov 28, 2023
Tuesday Nov 28, 2023
Does a newly implemented spousal surcharge on one spouse's plan provide an special enrollment opportunity move to the other spouse's plan if the open enrollment periods do not coincide?
In this episode of Comply on the Fly, Karen B. discusses the nuances of special enrollment eligibility. Tune in to find out if the implementation of a new spousal surcharge would classify as a Section 125 qualifying event for special enrollment.
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Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions.
Email your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Nov 14, 2023
S3-Ep1: 2024 FSA Limits
Tuesday Nov 14, 2023
Tuesday Nov 14, 2023
Has the IRS released the new FSA limits for 2024?
As we kick off the third season of Comply on the Fly, Karen B. covers the recently released IRS Revenue Procedure 2023-34 which officially increased the maximum health flexible spending or FSA contribution limit for calendar year 2024. Tune in to find out the new FSA limits for 2024.
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Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions.
Email your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Oct 24, 2023
S2-Ep 47: Section 125 + Other Employer Qualifying Events
Tuesday Oct 24, 2023
Tuesday Oct 24, 2023
I have an employee who wants to switch to her spouse's plans as it is open enrollment time at her spouse's employer. Can she drop our coverage and make the switch?
In this Comply on the Fly Karen B. discusses a situation where an employee wants to move onto their spouse's benefit plan during the spouse's open enrollment period. There is particular focus on how to handle the employee's Section 125 pre tax premium elections in a situation like this.
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Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Oct 17, 2023
S2-Sp46: Open Enrollment Notices
Tuesday Oct 17, 2023
Tuesday Oct 17, 2023
Can you remind me of the notices I need to provide during open enrollment?
In this Comply on the Fly Karen B. covers which notices employers are required to include in the open enrollment materials they provide to their employees. Even if it is not your organization's open enrollment season, this episode is a good refresher regarding notices you need to provide.
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Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Oct 03, 2023
S2-Ep45: COBRA - Reduction in Hours
Tuesday Oct 03, 2023
Tuesday Oct 03, 2023
Must an employer offer COBRA to an employee that has been on the medical or dental insurance, but the group or the employer has not paid this employee for almost two years? Therefore, if they terminate this employee from the plan, will they be able to offer COBRA?
This episode of Comply on the Fly highlights a unique case of an employee who carried coverage without compensation for two years. As Karen B. deliberates on the nuances of this situation, employers will gain a better understanding of the rules around offering COBRA coverage.
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Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Sep 19, 2023
S2-Ep44: Medicare Part D - Notice of Creditable or Non-Creditable Coverage
Tuesday Sep 19, 2023
Tuesday Sep 19, 2023
What is the Medicare Part D Creditable or Non-Creditable Coverage Notice, who do I need to provide it to, and how?
This episode of Comply on the Fly covers Medicare Part D Creditable or Non-Creditable Coverage Notices, which must be provided prior to the start of the annual Medicare Part D open enrollment period on October 15th every year.
_____________________________
Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Sep 12, 2023
S2-Ep43: ACA Affordability - Calculation + Penalty Exposure
Tuesday Sep 12, 2023
Tuesday Sep 12, 2023
After doing the ACA affordability calculation for 2024, are all ALE's (Applicable Large Employers) required to make coverage affordable for all full-time employees?
This Comply on the Fly helps employers understand how to calculate ACA affordability in 2024 and determine their potential penalty exposure if they are not able to offer affordable coverage to all of their full time employees.
_____________________________
Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Aug 29, 2023
S2-Ep42: ACA Affordability 2024 Percentage
Tuesday Aug 29, 2023
Tuesday Aug 29, 2023
Has the Affordable Care Act affordability calculation percentage for 2024 been released yet?
The IRS recently released Revenue Procedure 2023-29 decreasing the affordability calculation to 8.39% for 2024.
This Comply on the Fly helps employers understand if this decreased rate will require them reduce employee contribution amounts in order to meet ACA affordability in 2024.
_____________________________
Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Aug 22, 2023
S2-Ep41: COBRA & Health FSAs
Tuesday Aug 22, 2023
Tuesday Aug 22, 2023
What are the requirements for offering COBRA for a Health Flexible Spending Account, also known as an FSA?
Health FSAs are considered group health plans and therefore you are required to offer COBRA upon the occurrence of a COBRA qualifying event, however the offer of COBRA can be limited for FSAs. This episode of Comply on the Fly covers the conditions around extending offers of COBRA for Health FSAs.
_____________________________
Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!
Tuesday Aug 08, 2023
S2-Ep40: Dependent Care Assistance Program Election Changes
Tuesday Aug 08, 2023
Tuesday Aug 08, 2023
When can an employee make a change to a dependent care election?
The episode of Comply on the Fly covers Dependent Care Assistance Programs (DCAPs), including the difference to Section 129 and Section 125 requirements, and what criteria qualifies an employee for a mid-year election change.
_____________________________
Turn to M3 and Karen B. (Breitnauer) for quick and timely answers to the most common employee benefits compliance questions. Season 2 of Comply on the Fly focuses on actual client questions, so send your compliance question to AskKarenB@m3ins.com and we'll do our best to cover it in an upcoming episode!