Why the feds started auditing firms for health reform compliance
Companies that were thinking about waiting until the Supreme Court rules on healthcare reform to continue with their compliance efforts may want to rethink that move.
Why? For the first time since the health reform law went into effect back in 2010, the DOL has begun auditing health plans to make sure they’re complying with the law.
Even if the High Court does strike down the entire law, employment law attorneys expect the feds to hold firms responsible for any violations that were made while the law was still on the books.
That means it’s in employers’ best interest to take a business-as-usual approach to complying with the law now.
Of course, it doesn’t hurt employers to look for aspects of their plans they may want to change if the law is struck down – and talk to their providers about how to make that happen (Supreme Court is expected to rule by June).
In the meantime, a breakdown of what the DOL will be looking for from employers when it comes to healthcare reform compliance can be found right here.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
The IRS has announced updated health savings account (HSA) contribution limits and high-deductible health plan (HDHP) parameters for 2027, ...
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of ...
In case your finance team had been in cruise control heading into year-end because IRS’s quarterly interest rates hadn’t change...
Many businesses are hesitant to spend big bucks on capital improvements or new equipment due to inflation, high interest rates and economic...
The Financial Accounting Standards Board (FASB) is requiring public companies to disclose expense details involving employee compensation, ...
Could it be time for a review of your employee severance agreements? Right now Twitter’s experiencing major pitfalls from having them...
