ALT The Affordable Care Act (ACA) prohibits group health plans and group health insurance issuers from applying any waiting period that exceeds 90 days. This means that, after an individual is determined to be otherwise eligible for coverage under the terms of the plan, any waiting period may not extend beyond 90 days. All calendar days are counted beginning on the enrollment date, including weekends and holidays. Other eligibility conditions that are not based solely on the lapse of time are generally allowed, unless the condition is designed to avoid compliance with the 90-day waiting period limit. The ACA’s 90-day waiting period limit applies to both grandfathered and non-grandfathered group health plans and health insurance coverage. However, it does not apply to HIPAA-excepted benefits, such as limited-scope dental or vision plans and certain health flexible spending accounts (FSAs).
ALT 💡 HSAs are a great way to invest in the future of your employees and their health care needs. Learn more in our blog: https://beaconpath.com/blog/f/health-savings-account-hsa. If you have any questions or would like to discuss employee benefits options for your organization, give BeaconPath a call today: 888-883-1920.
ALT Thank you to all in the U.S. military who have served, to those who are serving now, to those who have paid the ultimate sacrifice, and to their loved ones who stand in the wings supporting them every minute of every day! In honor of Memorial Day, BeaconPath will be closed on Monday, May 27th. 🇺🇸 #MemorialDay #thankyou #WeRemember #memorialdayweekend #BeaconPath
ALT While being able to work remote is exciting in many ways, remote work also comes with unique challenges for employers —namely, cybersecurity. This article discusses some cybersecurity risks that remote employees face and offers potential solutions: https://tinyurl.com/y2m7mden. As with any successful initiative, cybersecurity protocols must be observed by all stakeholders within an organization. That means educating everyone, from the top down, about how to protect themselves and their workplace from cyber threats. Start educating employees about cybersecurity today to better protect your organization. If you’d like to discuss a Cyber Insurance policy and cybersecurity education for your organization, contact BeaconPath today: info@beaconpath.com. #remoteemployees #remotework #cybersecurity #cyberinsurance #cyberattack #riskmanagement #business #solutions #BeaconPath
ALT Employers that have not requested an extension or an electronic filing waiver, and that are subject to the ACA reporting rules should be exploring options for filing ACA reporting returns electronically to ensure filing is completed by the April 1, 2024, deadline. Electronic filing is done using the ACA Information Returns (AIR) Program. This ACA Compliance Bulletin provides describes the process for reporting electronically under Sections 6055 and 6056: https://tinyurl.com/bdhcnu9b. BeaconPath provides the critical tools and expertise your organization needs to stay compliant. Contact us today to learn more about how we assist companies like yours: info@beaconpath.com. #ACA #compliance #AffordableCareAct #healthcare #insurance #employeebenefits #business #humanresources #solutions #BeaconPath