July 2016 - Employee Benefits I AP Benefit Advisors

What it Means if You Received a Marketplace Notice

The first round of notices from the federally-facilitated health insurance exchange (also known as the Marketplace) have been sent out at the end of June. If you received one of these notices, it is because the named individual: purchased individual health insurance through a Marketplace (www.healthcare.gov); is getting (or is asking to get) federal premium […]

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AP Benefit Advisors Blog: AssuredPartners Webinar | Affordable Care Act: Reporting Requirements and Issues to Watch in 2016

Complying with the Affordable Care Act (ACA) reporting requirements has proven very challenging for most employers. Timely distributing accurate Forms 1095-C and filing Forms 1094-C with the Internal Revenue Service (IRS) may not have been possible for many employers. In this webinar, we’ll discuss where we are in the process and how to address errors, […]

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Feds Propose Significant Changes to Form 5500

In today’s Federal Register the Departments released their Notice of Proposed Forms Revisions to the Form 5500 Annual Return/Report Series.  The Departments, for purposes of this notice are the DOL (Department of Labor), the IRS (Internal Revenue Service), and the PBGC (the Pension Benefit Guaranty Corporation).  This new guidance affects retirement plans, health plans, and […]

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Maryland Moving to Pass Equal Pay for Equal Work Act

Maryland Governor, Larry Hogan, along with the Maryland General Assembly and other labor and business leaders throughout the state, have moved forward in passing the Equal Pay for Equal Work Act. The law couldn’t come at a more appropriate time where Maryland women are making on average 84.3 cents for every dollar a man makes. […]

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Did You Receive an Exchange Subsidy Notice? Ready to Appeal?

Please see our Compliance Alert about the need to timely appeal subsidy notices.  If your employees incorrectly tell a federal or state exchange that you didn’t offer them coverage, or that your coverage wasn’t creditable or wasn’t affordable, then there’s a good chance that you will face a fine.  You need to appeal these subsidy […]

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HRCI & SHRM Pre-approved AP Benefit Advisors Webinar Series: Navigating the New FLSA Overtime Rules

Join AP Benefit Advisors’ Manager of HR Professional Services, Cindy Wagner, for a complimentary, 1-hour, HRCI* and SHRM** pre-approved webinar as she reviews the latest update for the Fair Labor Standards Act (FLSA) regarding overtime provisions. The FLSA was first established in 1938 and is enforced by the U.S. Department of Labor’s Wage and Hour […]

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Health & Welfare Civil Penalties Updated

Health & Welfare Civil Penalties Updated On July 1, 2016, the USDOL (Department of Labor) issued an interim final rule that significantly increases the amount of various civil penalties applicable to certain ERISA violations.   The increased amounts, which have been adjusted for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as […]

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Fourth of July Trivia!

Time to put on your Uncle Sam thinking caps! No peeking at the answers! 1. What historical event do Americans celebrate on July 4th? a. Official signing of the Declaration of Independence b. George Washington’s birth c. The official adoption of the National Anthem d. Formal adoption of the Declaration of Independence 2. When were […]

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