September 2019 - Employee Benefits I AP Benefit Advisors

New DOL Overtime Regulations Effective January 1, 2020

Author: Cindy Wagner, Director of HR Professional Services at AP Benefit Advisors On September 24, 2019, the U.S. Department of Labor (DOL) announced its plans to update the rules of the Federal Fair Labor Standards Act (FLSA) effective January 1, 2020. It is estimated that up to 1.3 million workers will become newly eligible for overtime pay […]

Read More...

2019 3rd Quarter Compliance Update

Topics include: Medicare Part D Notices Rx Plans May Exclude Value of Drug Manufacturers’ Coupons Until Further Notice Summary Annual Reports Agencies Finalize Mental Health Parity Resources Affordable Coverage MLR Rebates ACA Pay or Play Still Applies ACA Reporting 2019 And more! Read Now For more information, contact info@apbenefitadvisors.com. The information contained in this post, […]

Read More...

HRCI & SHRM Pre-Approved Webinar | Retirement Plans – The Four “Fs” Retirement Plan Administrators Need to Know

In the face of multiple fiduciary breach lawsuits, plan sponsors need to be on their game to protect themselves from the real liability that exists with group retirement plans. Pricing on group retirement plans has become incredibly competitive, and if any plan sponsors haven’t benchmarked their plans to the open market in the past 24 […]

Read More...

CVS-Aetna Merger Finalized

We expect to see the ongoing consolidation of our industry stakeholders. The CVS/Aetna plays with the recent CIGNA/ESI deal that also aligns in the integrated medical/Rx delivery model with UHC/Optum. With this alignment between CVS and Aetna and the continued move towards an integrated care model, it is more imperative than ever for employers to […]

Read More...

Rx Plans May Exclude Value of Drug Manufacturers’ Coupons Until Further Notice

The DOL, HHS, and IRS have jointly issued an FAQ addressing whether health plans must count drug manufacturers’ coupons toward the annual cost-sharing limits under the Affordable Care Act (ACA). (Note:  these limits apply to non-grandfathered group health plans, including self-insured and insured small and large group market health plans.) Regulations that announced the 2020 […]

Read More...