Optimized Health Plan Workbook: A Guide to Maximizing Your Benefits Investment
Optimizing your health plan in today’s dynamic benefits landscape is crucial for value maximization and employee satisfaction. Our “Optimized Health Plan Workbook” provides a comprehensive checklist to evaluate your benefits program, ensuring it meets the evolving needs and expectations of your workforce while addressing economic challenges. This workbook guides you through essential questions to ensure your benefits program is competitive and effectively managed through data and analytics.
2024 Benefit Plan Limit Updates for Employers
As 2024 approaches, employers need to be aware of the updated benefit plan limits. These changes affect health & welfare, retirement, commuter benefits, and adoption assistance plans. It’s crucial to revise relevant materials and ensure your administration and payroll systems are updated for these new limits, effective January 1, 2024.
Staying current with these adjustments is key to maintaining compliance and offering competitive benefits to your employees.
Gag Clause Attestation Deadline for Health Plans
As part of the Consolidated Appropriations Act (CAA) 2021, employers are required to submit annual gag clause prohibition compliance attestations (GCPCAs) to the Departments of Health and Human Services (HHS), Labor (DOL), and the Treasury by December 31, 2023. This attestation confirms your health plan’s compliance with the CAA’s provisions against gag clauses that restrict the sharing of healthcare cost and quality information.
Action Required: Employers with self-funded plans should submit directly or via their TPAs. For those with fully insured plans, verify with your carriers regarding their submission process.
