Businessolver® Client Newsletter
11/19/2024
December Compliance Webinar with Bruce Gillis
Can You Future Proof Your Benefits Compliance Strategy?
Nine in 10 HR teams say they just need to know what to do to get through the immediate asks so they can mitigate risk, stay in compliance, and establish scalable policies for their organizations. Many questions stand in the way of making that happen. What does the 2025 compliance landscape have in store for us? How will this new administration impact compliance? And how can you best stay on top of all these moving pieces? We can help you answer these questions.
Allison Wallace, Chief Legal Officer at Businessolver; Bruce Gillis, Head of Compliance at Businessolver; Ben Conley, Partner at Seyfarth Shaw; and Brooke Salazar, Senior Compliance Director at ComplianceDashboard are breaking down what you can expect in the compliance landscape in 2025.
We’re hosting this session live on December 3, at 1 pm. CT. The live session is approved by HRCI and SHRM for one credit hour. We’ll also host a replay in Tech with Heart on December 17, at 10 a.m. CT. Bruce Gillis will be on call to answer questions during the replay.
Benefits Insights Dashboard – Enrollment Surveys
It’s go time for fall enrollments
With hundreds of clients in the midst of annual enrollment, we’re excited to see your survey results rolling in. We use this data to refine our enrollment process for the member experience. Now you get to review and use the data, too. Be sure to check out your Benefits Insights Dashboard if you have the enrollment surveys enabled. If you need more details on how these work or what data is available, check out our recent training in the Tech with Heart series. So far, with more than 525,000 responses, 86% of members are rating their enrollment experience as “good” or “excellent.”
Upcoming Events Near You
Business Group on Health (TBGH) and the Dallas-Fort Worth Business Group on Health (DFWBGH) 20th Annual Benefits Forum
Are you in the Dallas/Fort Worth area? Attending the TBGH/DFWBGH 20th Annual Benefits Forum on December 12? We’d love to see you there! Join Businessolver’s Senior Sales Consultant, Nicole McLendon, at our booth, or better yet–following the conference, share a cocktail and conversation with us at our Happy Hour from 6 – 8 p.m. across the street at Mesa Mezcal in the Westin.
Businessolver Social: Sip, Serve, & Swing
Located in Philly? If so, we invite you join us at SPIN Philadelphia for the Businessolver Social: Sip, Serve, & Swing event, on January 14, 6 – 8 p.m. Come for the craft cocktails, delicious bites, and fun ping pong, but stay to watch one of the very first matches of TGL, Tomorrow’s Golf League, created by Tiger Woods, of which Businessolver is a founding sponsor!
TGL presented by SoFi is a new golf league, combining advanced technology with six teams of top players from the PGA TOUR. Six cities will go head-to-head in a season-long competition at SoFi Center in Palm Beach, a first-of-its-kind venue built specifically for TGL. Matches air on ESPN with every shot live, and all the players mic'd up. Read our press release to learn more about this innovative new golf league.
Plus-ones are invited—family, friends, co-workers! The event is family-friendly. Save your spot!
What's New in Compliance?
IRS reminds employees of FSA benefits, enrollment requirements
On November 7, 2024, the IRS released IR-2024-287, which serves to remind employees of the various benefits, carryover capabilities, and annual enrollment requirements associated with Flexible Spending Accounts. For 2025, the plan year contribution limit will be $3,300.
End of year brings seasonal reporting requirements
With the end of 2024 approaching, we are reminding employers to review their end-of-year and Q1 requirements. These include:
- Gag Clause Attestations: Due by December 31, 2024. Check out the annual submission instructions for more information.
- The Mental Health Parity and Addiction Equity Act (MHPAEA) Non-Quantitative Treatment Limitations (NQTL): This guidance will impact 2025 and 2026 plan requirements. Review the final rule to ensure you are compliant.
- Non-Discrimination Testing: Your dependent Care FSA testing is likely complete, but in case it is not, ensure any outstanding 2024 action items are completed.
- Reproductive healthcare/attestation processes: Health plans should review the new regulations released earlier this year to confirm they are prepared to meet the new HIPAA requirements related to reproductive care.
- ACA 1095-C reporting: As annual enrollment winds down, employers turn their attention to 1095-C reporting. Employers should ensure their data is complete and ready for 1095-C form production and reporting. Download the 2024 1095-C form and review the 1095-C instructions.
DOL, Treasury, and HHS issue relief for those impacted by Hurricanes Helene and Milton
A Peek at Our Pinnacle Partners: Cigna Healthcare
Delivering valuable benefits through a retail-like experience
You don’t just want a company with voluntary insurance options. You want a partner. Someone who is there for you 24/7 to help with questions, cares for your employees’ needs, and gives you a hand as an extension of your team. That’s why we’ve partnered with Cigna Healthcare.
Together, Businessolver and Cigna Healthcare are committed to improving the health and well-being of your employees by making health care simple, affordable, and predictable. With our technology and Cigna Healthcare’s voluntary benefits expertise, we can help your employees find quality care.