News & Insights

Form 1094-C and 1095-C deadline approaching

Employers who have 50 or more full-time employees, also known as applicable large employers (ALEs) should use Forms 1094-C and 1095-C to report offers and enrollments in health coverage by February 28, 2023, to the Internal Revenue Service (IRS), and by March 2 to employees.

0

Form W-2 reporting due January 31

The Affordable Care Act (ACA) requires employers who issued more than 250 Form W-2s in the prior year to report the cost of employer-sponsored health coverage in Box 12 of the 2022 form.

0

Missouri minimum wage increases

Effective January 1, 2023, Missouri’s minimum wage is $12 per hour for all employees working at private, non-exempt businesses. Employers must pay tipped employees, such as servers at restaurants, at least half of the minimum wage, or $6 per hour. If the tipped employee's total compensation,...

0

Missouri’s legalization of recreational marijuana impacts employers

Missouri is among the latest states to legalize marijuana for recreational use. While Amendment 3 allows individuals over 21 to use marijuana outside of work hours, employers are still within their legal bounds to drug test or terminate employees found using it recreationally. However, when an...

0

Creditable coverage deadline approaching

Employers should be aware of the upcoming October 15 deadline for issuing a creditable or non-creditable coverage notice to their plan participants, including dependents and retirees, who are eligible for Medicare. The notice alerts Medicare-eligible participants how their prescription drug...

0

New requirements to increase health care cost transparency

The Consolidated Appropriations Act (CAA) signed into law on December 27, 2020, and the Transparency in Coverage Act (TiC), adopted November 12, 2020, contain a number of initiatives designed to improve health care cost transparency and patient protections. Below is a calendar of key 2022 and 2023...

0

OSHA turns up the heat on employers

Summer is here, and as the temperatures rise so do the number of on-the-job illnesses and injuries related to heat. The Occupational Safety and Health Administration launched its National Emphasis Program – Outdoor and Indoor Heat-Related Hazards on April 8 to “protect workers across the nation...

0

Transparency rules to increase consumer awareness of health care costs

Following a 2019 executive order issued by then President Trump, three regulatory departments worked together to issue two rules designed to increase medical care pricetransparency and increase competition among hospitals and health plans.

0

Proposed overtime rules looming

On December 10, 2021, the Department of Labor (DOL) announced its agenda to review and update regulations for the overtime threshold established by the Fair Labor Standards Act (FLSA). A formal proposal of their new rules is expected within the month.

0

PCORI fee Form 720 available now

Self-funded plan sponsors are subject to the annual Patient-Centered Outcomes Research Institute (PCORI) fee. Employers should use the updated Form 720 to file the necessary information with the IRS. The fee per covered individual for plans ending on or after October 1, 2021, and before October 1,...

0