Category: Compliance

VCG keeps you informed of the latest trends in HR, employee benefits, healthcare, insurance and wellness. We also help you stay current on legislative and regulatory developments in the HR and employee benefits space. Sign up to receive our employee benefits and HR newsletters and bulletins. You can also stay up to date through our News & Updates page or by following us on social media.

RxDC Reporting: Annual Compliance Obligation for GHPs

Employer-sponsors are no longer required to distribute Forms 1095-B and 1095-C to full-time employees and any covered individuals for the 2024 ACA reporting year and beyond. Now, employer-sponsors need only make these forms available upon a request by an individual. Upon request, the form must be provided by the later of either January 31 of the year following the calendar year to which the return relates or 30 days after the date of the request.

Important Changes to ACA Reporting Process

January 2025 Global Benefits Monthly News

As part of our ongoing commitment to keep you informed about important developments in the global benefits landscape, we are excited to introduce our new Global Benefits Monthly News Alerts provided by the Global Benefits team. These monthly alerts are designed to provide timely and relevant updates on key issues, trends, and regulatory changes that impact employee benefits around the world.

2025 HR Leaders Compliance Summit

It is our pleasure to extend to you a warm invitation to our upcoming virtual HR Leaders Compliance Summit (HRLCS 2025), which is scheduled for February 25-27, 2025!

Federal Court Strikes Down Final Overtime Rule Increasing Salary Threshold for White Collar Exemptions

On November 15, 2024, the U.S. District Court for the Eastern District of Texas vacated and set aside the U.S. Department of Labor’s Final rule, entitled Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees, on a nationwide basis. Pursuant to the rule, the first increase in the overtime threshold took effect on July 1, 2024, and was set to increase again on January 1, 2025. As a result of the recent ruling, the January 1, 2025 increase will not go into effect, and the initial increase on July 1, 2024 is nullified.

New Indemnity Plan Notice Requirement

Earlier this year, the U.S. Departments of Labor, Treasury, and Health and Human Services issued final rules on certain types of health coverage not subject to the Affordable Care Act’s (ACA’s) consumer protections. The final rules include a new notice requirement for hospital and fixed indemnity plans offered in the group market. Effective for plan or policy years beginning January 1, 2025, employer-sponsors and carriers are subject to a new employee notice requirement for these hospital or fixed indemnity plans.

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