Comply on the Fly

S2-Sp46: Open Enrollment Notices

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!

S2-Ep45: COBRA - Reduction in Hours

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. 
_____________________________
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!

S2-Ep44: Medicare Part D - Notice of Creditable or Non-Creditable Coverage

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!

S2-Ep43: ACA Affordability - Calculation + Penalty Exposure

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!

S2-Ep42: ACA Affordability 2024 Percentage

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!

S2-Ep41: COBRA & Health FSAs

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!

S2-Ep40: Dependent Care Assistance Program Election Changes

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!

S2-Ep39: Section 105h Non-Discrimination Testing

What is Section 105h Non-discrimination Testing, and does it apply to me? 
Non-discrimination requirements and testing can be very confusing. This Comply on the Fly episode clarifies Section 105h of the Internal Revenue Code.
_____________________________
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!

S2-Ep38: 2023 PCORI Fees Reminder

What is the PCORI fee for this year and how do I pay it? 
With the 2023 PCORI fees due July 31st, this episode of Comply on the Fly reminds employers how the fees apply and where to pay them. This is a refresher of the episode that aired on 6.13.23.
_____________________________
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!

S2-Ep37: ERISA Document Delivery

How can I provide the Summary Annual Report, or SAR, to my plan participants??
This Comply on the Fly covers the three approved delivery methods for ERISA required documents so employers can choose the most effective method for their employee population.
_____________________________
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!