Archive for Kainos Blog’ Category

Interim Final Regulation on Maximum Civil Monetary Penalties
Dec

29

2016

Interim Final Regulation on Maximum Civil Monetary Penalties

The Department of Health and Human Services (HHS) recently issued interim final regulations that adjust for inflation the maximum civil monetary penalties (CMP) that fall under HHS’s jurisdiction. The regulations reflect changes required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 (the Act). Adjustments under the Act were effective on August 1, 2016, and HHS’s CMP adjustment regulations were effective on…

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Ask the Experts: Dealing With FSA Carryover Funds
Dec

26

2016

Ask the Experts: Dealing With FSA Carryover Funds

Question: If an employee has a small health flexible spending account (FSA) balance with a carryover to the next year, and the employee chooses not to participate in the new FSA year, can the employer force the employee to use those funds so as not to incur additional administrative fees in the next plan year? Answer: An employer can prevent “perpetual carryovers” by carefully drafting the…

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New Law Allows Small Employers to Pay Premiums for Individual Policies
Dec

16

2016

New Law Allows Small Employers to Pay Premiums for Individual Policies

This week, the U.S. Senate passed the 21st Century Cures Act which includes a provision allowing small businesses to offer a new type of health reimbursement arrangement for their employees’ health care expenses, including individual insurance premiums. The act was previously passed by the House and President Obama is expected to sign it shortly. The provision for Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs), a…

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The New HSA Under Trump’s Proposed Health Plan
Dec

14

2016

The New HSA Under Trump’s Proposed Health Plan

With the election of a new President, health care plans and the fate of the Affordable Care Act are a hot topic of discussion. As part of his 7-tier health plan, President-Elect Donald Trump has proposed a shift in the way health savings accounts (HSAs) are offered to working Americans. Simply put, an HSA is a savings account for medical expenses. They are tax advantaged…

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Long-Term Care Insurance: Employee Education Makes the Difference
Dec

6

2016

Long-Term Care Insurance: Employee Education Makes the Difference

Most Partners of United Benefit Advisors (UBA) and their clients have benefits enrollment down pat. They know what to communicate to employees, and when. Employees, too, are usually familiar with the process. For example, they know what to expect when they start comparing their medical plan options to their 401(k) contributions. But not all benefits are created equally. Some require more communication, understanding, and detail….

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OSHA’s New Recordkeeping Rule Will Take Effect December 1 As Scheduled
Dec

2

2016

OSHA’s New Recordkeeping Rule Will Take Effect December 1 As Scheduled

In a November 28, 2016 decision, a federal district court in Texas denied a preliminary injunction to block the Occupational Safety and Health Administration’s (OSHA) new rule, Improve Tracking of Workplace Injuries and Illnesses. This means that the antiretaliation provisions will take effect on December 1, 2016 and the electronic filing provision takes effect in 2017. In filing suit, plaintiffs sought an injunction challenging the…

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The Shift Away from Health Risk Assessments
Nov

29

2016

The Shift Away from Health Risk Assessments

Historically, employers have utilized health risk assessments (HRAs) as one measurement tool in wellness program design. The main goals of an HRA are to assess individual health status and risk and provide feedback to participants on how to manage risk. Employers have traditionally relied on this type of assessment to evaluate the overall health risk of their population in order to develop appropriate wellness strategies….

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Ten o'clock on the white wall clocks
Nov

25

2016

BREAKING NEWS: Texas Court Issues Injunction Blocking New December 1st Overtime Regulations

On November 22, 2016, a federal district court in Texas granted a preliminary injunction that temporarily blocks the U.S. Department of Labor (DOL) from implementing and enforcing its recently revised regulations on the white collar exemptions to the Fair Labor Standards Act (FLSA). The regulations, which were released in May and scheduled to go into effect on December 1, would more than double the minimum…

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Why Technology Plays an Important Role as Workplace Demographics Shift
Nov

22

2016

Why Technology Plays an Important Role as Workplace Demographics Shift

As an increasing number of Baby Boomers retire and leave the workforce, millennials are positioned to take on more leadership roles in the business world. Millennials bring with them a unique and evolving knowledge of technology and innovative HR practices that differ greatly from their Baby Boomer predecessors. As managerial roles are transferred from the Baby Boomer generation to millennials, forward-thinking businesses will create plans…

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Nov

18

2016

UBA Special Report: 2016 Trends in Employer Wellness Programs

The latest round of regulations in the area of wellness (what employers can and can’t do) is proving to be a hotly contested topic. Employers are eager to offer incentives as a way to both encourage wellness and also lower health care costs. However, employee privacy is on the line, and some argue, at risk. Even though many employers may never see the data collected,…

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