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March 2024 Newsletter

Thursday, March 07, 2024

Employee Wellness 

Provide your employees with the latest wellness newsletter with the March edition of Live Well, Work Well

Educate employees about their benefits with the March Benefits & Me Newsletter.

Employer RxDC Reporting for Plan Year 2023

Insurance companies and employer-based health plans must annually submit information about prescription drugs and health care spending directly to the Centers for Medicare & Medicaid Services (CMS). This data submission is called the RxDC report. Reporting is due by June 1, 2024. 

The report may require additional data to be gathered from fully insured and self-insured employers by their insurance carrier or third-party administrator (TPA). 

Please refer to this page for processes from each of our carrier and TPA partners.  We will continue to update this page as information becomes available.

Medicare News

When Should Working Employees Enroll in Medicare?

Medicare Advantage Patients get Less Home Health Care

Coming in 2025: The Medicare Prescription Payment Plan

New Electronic Filing Requirements for Employers

Beginning in 2024, employers that file at least 10 returns during the calendar year must file electronically. The due date for filing the forms electronically is April 1, 2024. Please see attached for more information.

Employer Reporting Requirements:

Level-Funded/Self-Funded Employers that are Not Applicable Large Employers (ALEs)

  • Complete the 1095-B and provide it to covered individuals by 3/1/2024.
  • Complete the 1094-B and E-file the 1094/1095-Bs to the IRS by 4/1/2024.

Level-Funded/Self-Funded Applicable Large Employers (ALEs)

  • Complete Part III of the 1095-C for all covered individuals in addition to Parts I and II on the 1095-C and provide it to employees by 3/1/2024.
  • Complete the 1094-C and E-file the 1094/1095-Cs to the IRS by 4/1/2024.

Fully Insured Applicable Large Employers (ALEs)

  • Complete the 1095-C and provide it to employees by 3/1/2024.
  • Complete the 1094-C and E-file the 1094/1095-Cs to the IRS by 4/1/2024.

State Paid Family Medical Leave Laws

The federal FMLA guarantees many workers access to unpaid, job-protected parental, family caregiver, personal medical, and military exigency leave. In the recent past, 13 states have enacted 

mandatory family leave programs, and in another 8 states, voluntary family and medical leave programs are now in effect or soon will be. Like the federal FMLA, these state laws, called Paid Family and Medical Leave (PFML) laws provide job protection. But as the name implies, unlike the FMLA, the state laws require at least partial pay for the PFML of qualified employees.  

In the newest episode of HR on Mic, Corbin and Barbara discuss the recent trend of states passing these paid leave laws and how this impacts employers with employees working in different states. 

Upcoming Webinar: Mastering the Basics of the Family and Medical Leave Act

Wednesday, March 13, 2024 | 2:00 - 3:00 PM

Maybe you’re new to Human Resources and just learning about the FMLA. Or, maybe you’re a seasoned pro and still learning about FMLA (it’s complicated!).

In whichever category you find yourself, please join Barbara Jennings and Corbin Gra

nger for “Mastering the Basics of the Family and Medical Act” where we will review

some familiar features and dive deeper into other aspects of FMLA. We will also discuss the individual state-paid family and medical leave laws that seem to be popping up everywhere.

Click here to register.

HR Insights 

March HR Brief Newsletter

IRS Pay or Play Penalties for 2025

DOL Classification of Independent Contractors