GLP-1s and Biosimilars Reshape Prescription Drug Market
GLP-1s and Biosimilars Reshape Prescription Drug Market Inflation, additional treatment options approved by the U.S. Food and Drug Administration (FDA) and increased utilization of high-cost medications led to rising drug costs in 2024. In 2025, the transformation of the prescription drug market will continue due to many of the same factors, as well as changes […]
15 Low- and No-cost Employee Benefits to Offer
15 Low- and No-cost Employee Benefits to Offer Employers that sponsor group health plans are subject to many different compliance requirements under federal law. Keeping track of these various requirements can be challenging, even for the most attentive employers. Mistakes can easily occur, which may trigger penalties, excise taxes, enforcement action or lawsuits, depending on […]
5 Employee Benefits Trends Shaping 2025
5 Employee Benefits Trends Shaping 2025 Employee benefits are transforming, and employers can get ahead of these changes as they strive to attract and retain top talent. The modern workforce is multigenerational, with evolving expectations around work-life balance, mental health and personalized benefits. In this dynamic environment, understanding and implementing the latest trends in employee […]
Common Health Plan Compliance Mistakes to Avoid
Common Health Plan Compliance Mistakes to Avoid Employers that sponsor group health plans are subject to many different compliance requirements under federal law. Keeping track of these various requirements can be challenging, even for the most attentive employers. Mistakes can easily occur, which may trigger penalties, excise taxes, enforcement action or lawsuits, depending on the […]
IRS Issues Revenue Ruling on State PFML Contributions, Benefits
IRS Issues Guidance on State PFML Contributions, Benefits The IRS has issued Revenue Ruling 2025-4, providing long-awaited guidance on the federal tax treatment of contributions and benefits under state paid family and medical leave (PFML) programs. The ruling addresses how federal income and employment tax rules apply to the programs and includes guidance on related […]
Top Health Plan Compliance Issues for 2025
Employers should be aware of the top compliance issues that may impact their health plan coverage for 2025. Some of these compliance issues are established requirements for employers, such as the new simplified reporting under the Affordable Care Act (ACA). Other compliance issues are anticipated developments employers should monitor, such as additional health care transparency […]
2025 Employment Law Outlook
Introduction The 2025 Employment Law Outlook explores critical employment law trends and topics to deliver important insights and forecast trends and challenges employers will likely encounter in 2025. It offers employers a forward-looking perspective to enhance their preparedness and ensure sustained success in an increasingly complex regulatory environment. Understanding the important trends and themes from […]
Newly Passed Legislation Modifies ACA Reporting Requirements
On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA) reporting requirements under Internal Revenue Code Sections 6055 or 6056. Under these reporting rules, certain employers and health coverage providers (reporting entities) must provide information to the IRS about the health plan coverage they offer […]
HHS Announces HIPAA Audit Program Will Resume
The U.S. Department of Health and Human Services (HHS) recently updated its HIPAA enforcement website to announce the start of its 2024-25 audit program. HIPAA is enforced by HHS’ Office for Civil Rights (OCR). According to OCR, the 2024-25 HIPAA audits will review 50 covered entities’ and business associates’ (collectively called regulated entities) compliance with […]
Applicable Large Employer ACA Reporting Guide
Understand & Comply with Your Reporting Obligations This Employer Guide is designed to help applicable large employers (ALEs) understand and comply with their reporting obligations under Internal Revenue Code (IRC) Sections 6055 and 6056. Section 6056 requires ALEs to report information on the health coverage offered to full-time employees and their families, while Section 6055 […]