November 7, 2022
Compliance Recap | October 2022
IRS Announces Increased Limits for Certain Employee Benefits, Higher Fines for ACA Reporting Failures Each year, just as the leaves turn to the fiery shades of autumn, the Internal Revenue Service (IRS) announces how much more “green” will be available during the coming year under various ...
November 2, 2022
Cafeteria Plans: Change in Status Events and Permissible Employee Election Changes
Cafeteria plans are governed by IRS Code Section 125 and allow employers to help employees pay for expenses such as health insurance with pre-tax dollars. Employees can choose between a taxable benefit (such as cash) and two or more specified pre-tax qualified benefits (health insurance, for ...
November 1, 2022
Dear HR Manager from Pulled in Two Many Directions
Dear HR Manager, Our team recently reorganized into a matrix reporting structure. I now have two managers from two different departments and two “to-do” lists. This works well most of the time, but I run into trouble when both managers have pressing concerns with similar deadlines. I want to ...
October 20, 2022
IRS Announces Increased Limits for Certain Employee Benefits, Higher Fines for ACA Reporting Failures
Each year, just as the leaves turn to the fiery shades of autumn, the Internal Revenue Service (IRS) announces how much more “green” will be available during the coming year under various employee benefit programs. The IRS recently released Revenue Procedure 2022-38 in which it has updated many ...
October 19, 2022
Advocacy in Action | Benefit Education
A member contacted The Purple Card for assistance. He had primary coverage through his employer’s BCBS plan and secondary coverage with Medicare Part A only, no Part B (Part A covers inpatient hospital care and Part B covers items such as outpatient services, laboratory tests, x-rays, etc.) ...
October 18, 2022
Diversity, Equity, and Inclusion | Create an Inclusive Interview Environment
In today’s difficult hiring market, diversity and inclusion are top of mind for candidates seeking employment. In a survey by Monster, 62% of respondents said they would turn down a job offer if the company didn’t seem to support diversity. Your hiring managers and recruiters have an ...
October 14, 2022
Final Rule Resolves “Family Glitch” for ACA Marketplace Coverage
The Department of the Treasury recently issued final regulations to make the premium tax credit (PTC) for Marketplace health coverage available to more individuals starting in 2023. The new rule changes the IRS’s interpretation of group health coverage affordability for determining PTC ...
October 11, 2022
Workplace Culture | Quiet Quitting: Employee Engagement Issues in Disguise
The term “quiet quitting” swept the corporate world this summer, leading to debates over what it meant and if it mattered. Quiet quitting is described as employees performing the basic requirements of their jobs and nothing more. A lack of engagement or psychological detachment is at the root ...
October 7, 2022
Compliance Recap | September 2022
September was a relatively quiet month in compliance as employers continue the ramp-up to open enrollment. Prescription Drug Cost Reporting With a due date of December 27, 2022, prescription drug cost reporting is looming large in employers’ minds. The first reports for submission to the U.S. ...
October 4, 2022
Dear HR Manager from Rolling out the Red Carpet
Dear HR Manager, I am excited to say we have identified a great candidate for a role on my team and will be extending a formal offer tomorrow. I want to show this candidate that we want them on our team and that they have a future in our organization. What recommendations do you have...
