Compliance Corner
August 8, 2017

Announcements

Podcast Episode 13: Senate Rejects Health Care Freedom Act
August Webinar Series – Register Now
It’s MLR Rebate Time Again!

Health Care Reform

Senate Rejects Proposals to Repeal and Replace the ACA
IRS Releases 2017 Draft Versions of 6055 and 6056 Informational Reporting Forms

Federal Health Updates

Sixth Circuit Recognizes Business Records as Sufficient Proof of Notification of COBRA Rights
IRS Issues Form 14581-A (Fringe Benefits Compliance Self-Assessment for Public Employers)

Retirement Updates

U.S. Treasury Announces Plans to Wind Down myRA Program

State Updates

CT, HI, NV, NH, OR, RI, TX

FAQs

Is leaving incarceration or being incarcerated a qualifying event under a Section 125 Cafeteria Plan?


ANNOUNCEMENTS

Podcast Episode 13: Senate Rejects Health Care Freedom Act

Listen in as NFP Compliance veteran Jill Brooking makes her Benefits Compliance Podcast debut! Jill and podcast regular Suzanne Spradley discuss the week leading up to the Senate’s dramatic vote on its proposals to repeal and replace the ACA. The Senate’s final proposal, the Health Care Freedom Act (HCFA), which was also called a “skinny repeal” of the ACA, was rejected as three Republican senators (along with all Senate Democrats and Independents) voted against the bill. Jill and Suzanne also dive into the details within the proposals and look ahead at what might happen down the road.

NFP’s Benefits Compliance team may record new podcasts as things develop; those will be announced via email announcements or in future editions of Compliance Corner.

Subscribe to The Benefits Compliance Podcast! Listen on Google Play Music

August Webinar Series – Register Now

NFP Benefits Compliance is hosting its next series of webinars in August. Training dates are Aug. 9, Aug. 16 and Aug. 23, 2017, at 3:00 p.m. ET. The respective topics are “Medicare and Your Plan: Benefit Issues to Consider,” “Health Care Reform: The Saga Continues” and “HIPAA, HIPAA, HIPAA.”

NFP Benefits Compliance reserves the right to change training topics in the event of significant legislative, judicial or regulatory developments.

Can’t make a live webinar? A recording of each session will be posted to the NFP Client Learning Portal within 48 hours of the live webinar. Those listening to a recorded webinar aren’t eligible for recertification credit.

Webinars

Medicare and Your Plan: Benefit Issues to Consider
August 9, 2017
3:00 p.m. - 4:30 p.m. ET
Register Now »

Add to Calendar »


Health Care Reform: The Saga Continues
August 16, 2017
3:00 p.m. - 4:30 p.m. ET
Register Now »

Add to Calendar »


HIPAA, HIPAA, HIPAA
August 23, 2017
3:00 p.m. - 4:30 p.m. ET
Register Now »

Add to Calendar »

All programs are pending approval for 1.5 (general) recertification credit hours toward PHR, SPHR and GPHR recertification through the HR Certification Institute. For more information about certification or recertification, visit the HR Certification Institute website at www.hrci.org.

The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be preapproved for recertification credit.

It’s MLR Rebate Time Again!

PPACA requires insurers to submit an annual report to HHS that accounts for plan costs. If the insurer doesn’t meet the medical loss ratio standards, they must provide rebates to policyholders. Rebates must be distributed to employer plan sponsors between Aug. 1, 2017, and Sept. 30, 2017. Employers should keep in mind that if they receive a rebate, there are strict guidelines as to how the rebate may be used or distributed.

For more information, please contact your advisor for a copy of “Medical Loss Ratio Rebates: A Guide for Employers” or “Medical Loss Ratio: PPACA’s Rules on Rebates.”