The Office of Advocacy of the U.S. Small Business Administration supports small business owners and conducts research to understand the needs of such businesses. This spring, the Office issued a report evaluating the state of women-owned businesses.
Each year, health insurers must report information about their medical loss ratio to the Department of Health and Human Services. The medical loss ratio (MLR) is the cost of claims plus the amount expended on health care quality improvement as a percentage of total premiums. If an insurer spends too much on administrative expenses instead of on providing benefits, it will fail the MLR requirements.
Q.- An employee told us that her husband is contributing to a dependent care flexible spending account plan at his employer. Do we have to limit our employee’s contribution?
According to multiple news sources, the United States Senate’s latest effort to repeal and replace the Affordable Care Act is stalled. The Better Care Reconciliation Act (refer to our prior article by clicking here) does not have enough votes to pass. Moreover, it has been reported that the U.S. Senate does not have enough votes to pass a procedural motion to simply repeal the Affordable Care Act without replacement.
Q.- A lot of employees are asking if they can be reimbursed from their dependent care FSA for the cost of their kids’ summer camp. Is camp an eligible expense for reimbursement?
Employers with large, calendar year health plans subject to ERISA should be gearing up for the Form 5500 filing deadline. Unless an extension is requested, ERISA-covered, calendar year health plans with 100 or more participants must file their Form 5500s by July 31, 2017.
Earlier today, Republican leaders in the U.S. Senate released a revised health care reform bill. The bill modifies the Better Care Reconciliation Act, which was the Senate’s earlier attempt at overturning the Affordable Care Act. See our prior article on the BCRA by clicking here. Senate leaders did not expect to garner enough votes to pass the BCRA as originally drafted, and hope to be able to gather support with the newly revised bill.
Q.- We have a group that is comprised of 6 divisions. Two of those divisions are breaking off and forming their own entity. They will be offering coverage to their employees separately. The parent company is terming them from benefits as they are technically no longer employees of that parent company. Is this a COBRA event even though they will be getting coverage through the new entity?
The U.S. Department of Labor withdrew two guidance letters issued in 2015 and 2016 addressing joint employment and independent contractors. The reversal of the DOL guidance is generally welcome news for employers.
Q.- An employee had a child. Can he enroll in the dependent care FSA?
The U.S. Senate left for their 4th of July recess without bringing the Better Care Reconciliation Act to a vote. The Senate is back in session July 10.