SSG Insights | Week of January 7th, 2022
DOL Announces Good Faith Enforcement Standard, Provides Guidance on Compensation Disclosures
The Consolidated Appropriations Act, 2021 (CAA) amended Section 408(b)(2) of the Employee Retirement Income Security Act (ERISA) to require service providers (including brokers) to disclose direct and indirect compensation to group health plan fiduciaries. The U.S. Department of Labor (DOL) has set a temporary enforcement policy under which it will use a good faith standard to determine compensation disclosure compliance until further notice.
Wellness Programs: Help Us Help You
Face it—all company wellness programs are not created equally. Some companies spend countless hours and dollars to offer robust wellness programs with bells and whistles while other organizations put together a simple program relatively quickly. Does the time and effort the company spent creating the wellness offering equate to a successful program?
CONTINUE READING to learn more about how a strong wellness incentive program increases participation.
December 2021 | Compliance Recap
December was a quiet month in the compliance world in terms of large announcements, but lots of little information trickled in over the month. OSHA’s vaccine-or-test mandate for large employers and vaccine mandate for health care organizations is headed for the Supreme Court, set to be heard on January 7, 2022. While we wait for that decision to be handed down, here is a recap of what happened in December.
CONTINUE READING the full Compliance Recap to learn more.
Here are the highlights of what happened in December:
- HHS Notice of Benefit and Payment Parameters for 2023 Proposed Rule
- IRS Released Methodology for Calculating Qualifying Payments Amounts Under No Surprises Act
- Department of Labor Released Regulatory Agenda
- IRS Issued Patient-Centered Outcomes Research Institute Fee for 2022
- CMS Released Part A and Part B Amounts for 2022
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