September 2024 | SSG Compliance Recap

September brought the due date for the Summary Annual Report, which summarizes the Form 5500 contents. Employers prepared to send out the required Medicare Part D Creditable Coverage letters to eligible participants and enrolled beneficiaries. The Departments released final rules on the MHPAEA NQTL analysis. California insurers are required to cover in vitro fertilization for large groups. The IRS released the 2025 ACA affordability percentage, and the DOL updated cybersecurity guidance for health and welfare plans.

This month's recap includes:

• Summary Annual Report Due
• Medicare Part D Creditable Coverage Letters
• Departments Release Final Rules on Implementing Mental Health Parity and Addiction Equity Act
• 2025 ACA Affordability Threshold Announced
• U.S. Department of Labor Updates Cybersecurity Guidance for ERISA Plans
• Question of the Month

View the September 2024 SSG Compliance Recap.

Contact us if you have any questions.

_{SOURCE: United Benefit Advisors (UBA)}

_{This information is general and provided for educational purposes only by United Benefit Advisors (UBA) for UBA Partner Firm member distribution. It reflects UBA’s understanding of the available guidance as of the date shown and is subject to change. It is not intended to provide legal advice.  You should not act on this information without consulting legal counsel or other knowledgeable advisors.}