Bulletins

Area insurers (carriers) are beginning to issue 2022 plan year medical loss ratio (MLR) rebates. The Affordable Care Act requires insurers to meet MLR requirements each year. If an insurer doesn’t meet the minimum MLR (spend 80 to 85 percent of its premium dollars on health care or activities that...

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....

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).

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...

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.

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. 

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.

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.

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...

The U.S. Department of Labor (DOL) recently released updated posters summarizing employee rights under the Fair Labor Standards Act (FLSA) and Family and Medical Leave Act (FMLA).