Bulletins

    EEO-1 data collection period opens October 31

    Private employers with 100 or more employees and federal contractors with 50 or more employees are required to file an annual report with the Equal Employment Opportunity Commission (EEOC) detailing workforce demographic data. The deadline for 2022 EEO-1 Component 1 data is December 5, 2023....

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    IRS lowers 2024 ACA affordability rate to 8.39%

    The IRS recently issued Revenue Procedure 2023-29, lowering the affordability threshold for the 2024 calendar year to 8.39% of annual household income from the 2023 threshold of 9.12%. The threshold is the lowest in the history of the Affordable Care Act (ACA).

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    Creditable/non-creditable coverage notice due soon

    Employers have an annual obligation to issue a creditable or non-creditable coverage notice to all plan participants who are Medicare-eligible, including dependents and retirees. The notice, due by October 15, informs Medicare-eligible participants whether their prescription drug coverage is at...

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    DOL proposes raising white-collar overtime salary threshold

    A proposed Department of Labor (DOL) rule would make overtime pay available to exempt employees whose salary is less than $55,068. Currently, white-collar employees whose duties qualify for an exemption from overtime under the Fair Labor Standards Act (FLSA) need only be paid $35,568.

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    Revised Form I-9 just released

    The U.S. Citizenship and Immigration Services (USCIS) released a new Form I-9, effective through July 31, 2026. Last week, Bukaty Companies issued information regarding the anticipated form revision. Updated instructions for completing the form were also issued by the USCIS. 

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    Aetna plan sponsors must complete annual attestation

    The Consolidated Appropriations Act (CAA) gag clause prohibition requires issuers and plan sponsors to attest that any agreements they enter with health care providers, third-party administrators or other service providers will not contain language restricting access to cost and quality of care...

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    New Form I-9 to be released August 1

    The U.S. Citizenship and Immigration Services (USCIS) announced it will release a new Form I-9 with an August 1 effective date. The current 2019 version can continue to be used through October 31. Bukaty Companies will release the updated form once available.

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    IRS releases updated Form 720

    Last week, Bukaty Companies issued information concerning the July 31 Patient-Centered Outcomes Research Institute (PCORI) fee deadline, acknowledging the IRS hadn’t updated Form 720 to reflect the $3 fee applicable to some plan years. Yesterday, the updated Form 720 was released.

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    Humana reaches agreement with UnitedHealthcare

    Four months following Humana’s announcement that the carrier is exiting the employer group commercial medical business, Humana and UnitedHealthcare (UHC) announced an agreement that will enable Humana’s group customers to select a UHC plan upon the current plan’s expiration or non-renewal. Groups...

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    PCORI fee July 31 deadline approaching

    Each year self-funded plan sponsors must file the Patient-Centered Outcomes Research Institute (PCORI) fee. Applicable employers should use one of four methods to calculate the amount owed and submit the required fee to the IRS using Form 720 by July 31. Detailed guidance on completing Form 720 can...

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