March 8, 2024
DOL Announces 2024 Penalties for Health & Welfare Plan Compliance Errors
Since 2015, federal agencies have been required to annually review the laws and regulations they enforce to adjust applicable penalties for inflation. These adjustments, or so the theory goes, provide higher incentives for plan sponsors to ensure their benefit plans and programs remain ...
March 5, 2024
Dear HR Manager from Creating a Culture of Care
Dear HR Manager, What initiatives can I implement to support child caregivers in my organization? – Creating a Culture of Care Dear Creating a Culture of Care, The accessibility, affordability, and reliability of childcare are challenging, so addressing these issues requires thoughtful action. ...
March 5, 2024
Compliance Recap | February 2024
February saw a potential industry-changing lawsuit against Johnson & Johnson and its plan fiduciaries asserting a breach of fiduciary duties and mismanagement of Johnson & Johnson’s prescription drug benefits program, costing its ERISA plans and employees millions of dollars in the form ...
February 23, 2024
HHS Releases Updated Drug Data Collection (RxDC) Reporting Instructions
Under Section 204 of the Consolidated Appropriations Act, 2021 (CAA), referred to as “The No Surprises Act” (NSA), all employer-sponsored health plans must satisfy certain transparency requirements by reporting annual prescription drug and health care spending data (often referred to as the ...
February 22, 2024
Advocacy in Action | Recovering Claims Denied as Work-Related
After being injured in a hunting accident, a member began to receive outstanding invoices for over $88,000 in unpaid claims. The Member reached out to The Purple Card to inquire why these claims were not paid, stating that they should have met their deductible. At first the claims were pending ...
February 20, 2024
Employee Benefits: Attract and Retain Generation X with a Holistic Benefits Program
In the dynamic landscape of today’s workforce, understanding and catering to the unique needs of Generation X is essential for employers. Known for their adaptability and resilience, Gen X employees bring a wealth of experience and value to the table. To attract and retain this key ...
February 13, 2024
Workplace Culture: Cultivating a Culture of Connection
In the dynamic landscape of hybrid work, how do you maintain the vitality of your company culture? Adapting your culture to evolve with the changing dynamics of work is possible while staying true to your values and mission. Why does your company culture need to evolve? Company culture ...
February 6, 2024
Dear HR Manager from Multi-tasking Professional
Dear HR Manager, How do I create a mental wellness strategy? – Multi-tasking Professional Dear Multi-tasking Professional, Developing an effective mental wellness strategy is crucial in today’s workplace, as 92 percent of employees value an employer that prioritizes emotional and ...
February 6, 2024
Compliance Recap | January 2024
January was a relatively quiet month on the employee benefits compliance front. The Wage and Hour Division of the Department of Labor (DOL) introduced a new rule laying out the guidelines employers can follow to determine how to classify workers. The DOL also released Part 64 of its FAQs about ...
January 18, 2024
Compliance Alert | ACA Reporting Updates, Obligations & Deadlines
Do you have a plan for meeting your ACA Reporting obligation? At a time when IRS ACA penalties are increasing, paper filing is disappearing and submissions are getting more complex, the urgency for timely and compliant filing is more important than ever. ACA Reporting Updates Please review the ...
