Devenir’s annual year-end HSA report provides an opportunity for a closer look at HSA participant behavior in the past year. What interesting HSA trends emerged in Devenir’s report during 2020? 1) HSA assets beat projections, 2) Investment assets are booming, 3) Number of HSAs that are investing is also growing, 4) Higher share of $5,000-plus balances and 5) Individual HSA contributions are climbing. Download now
On July 16, 2021, California amended its Labor Code to allow employers to distribute certain workplace notices and posters electronically in addition to displaying the postings required by law. The amendment becomes effective Jan. 1, 2022. Download now
Wrap Documents for Welfare Benefit Plans ERISA requires welfare benefit plans, such as group health plans, to have a plan document and an SPD. In most cases, the certificate or booklet provided by an insurance carrier (or other third party) does not satisfy ERISA’s requirements for plan documents and SPDs. This Compliance Overview explains how employers may use wrap documents in conjunction with the insurance certificate or booklet in order to satisfy ERISA’s plan document
California Governor Newsom’s Executive Order for COVID-19 Payroll Reporting Rules have terminated or will soon be terminating. The entire WCIRB rule can be found if they click on “more information here.” State: Calif. WCIRB: Payroll Reporting Rules to Change With End of Emergency Order: WEST [2021- 07-21] The Workers’ Compensation Insurance Rating Bureau announced changes in certain COVID-19 payroll reporting rules as a result of California Gov. Gavin Newsom rescinding his statewide stay-at-home order.  
In most cases, an employee may not change his or her elections under a cafeteria plan during the period of coverage (usually the plan year). However, the IRS allows employers to design their cafeteria plans to allow employees to change their elections during the plan year if certain events occur. This Compliance Overview summarizes when participants may change their cafeteria plan elections during a plan year. It has been updated to include temporary relief related

COBRA Administration for Dummies

Posted on July 7, 2021
An employer needs to be aware of and stay on top of the Consolidated Omnibus Budget Reconciliation Act (COBRA) provisions. This helpful resource provided by Optum Financial does just that! Download now
This month’s Benefits Buzz discusses the U.S. Supreme Court’s ruling on the ACA’s individual mandate lawsuit and the expected impact on ACA reporting for 2021. Download now
Live Well, Work Well Newsletter – July 2021 The Live Well, Work Well newsletter is an employee newsletter that is produced monthly and covers topics like health, wellness, fitness, nutrition and personal finance. This month’s newsletter discusses the 2021 Dirty Dozen list, summer picnic safety tips and reasons to leave your shoes at the door. Download now

CalOSHA COVID-19 Workplace Standards

Posted on June 30, 2021
On June 17, 2021, the Occupational Safety and Health Standard Board (OSHSB) adopted revisions to the Emergency Temporary Standard for employee safety regarding the hazards related to COVID-19. This ‘White Paper’ provided by CalChamber helps you navigate the revised COVID-19 workplace rules. Download now
Supreme Court Rejects Challenge to the ACA’s Individual Mandate On June 17, 2021, the U.S. Supreme Court rejected a lawsuit challenging the constitutionality of the Affordable Care Act’s (ACA) individual mandate in a 7-2 ruling. According to the Court, the plaintiffs in this case did not have a legal right to sue. As a result, the ACA as it exists today will remain in place. This Legal Update provides an overview of the Court’s ruling.