HR Webinar: On Demand 2024
With preparations underway for another year of ACA reporting, a review of the requirements and processes will be advantageous for employers -whether new to reporting or a seasoned professional. During this webinar, we will review the reporting rules that apply to both ALEs and employer-sponsors of self-insured coverage, address enforcement actions and penalties, summarize state reporting mandates, and highlight common pitfalls to avoid.
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HR Newsletter: 10/16/2024
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week’s edition.
HR Webinar: November 2024
Workplace injury management involves a range of HR practices to address and mitigate the effects of injuries sustained by employees on the job. This webinar will address direct insurance related costs associated with workplace injuries and give strategies to improve processes, productivity, morale, employee turnover, and absenteeism.
Medical Loss Ratio (MLR)
The Affordable Care Act (ACA) requires health insurance issuers to spend a minimum percentage of premium dollars on medical care and healthcare quality improvement, which is intended to lower the cost of care. This percentage is known as the "medical loss ratio" (MLR). In the large group insurance market, the required MLR is 85%; the small group and individual markets have a required MLR of 80%. However, each state may set a higher rate. When an issuer fails to meet the requisite MLR for a year, it must provide a rebate to its policyholders. MLR rebates for the 2023 calendar year are due to policyholders by September 30, 2024. An employer-policyholder who receives a rebate for its insured group health plan will be responsible for determining how to appropriately use the refund, particularly in the context of the Employee Retirement Income Security Act (ERISA).
Benefits Newsletter: 10/9/2024
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week’s edition.
HR Newsletter: 10/4/2024
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week’s edition.
2024 Open Enrollment Checklist
For employers operating their group health and welfare plans beginning on or after January 1, 2025, now is the time of the year to prepare for open enrollment. Typically, the focus is on evaluating the services and performance of vendors, renewing rates, and considering design changes. In addition to these items, employers need to address various legal requirements. This Benefits Brief provides a checklist that covers these requirements for the 2025 plan year.
Where we are
VCG CONSULTANTS
3350 Riverwood Parkway
Suite 600
Atlanta, GA 30339
Phone: 770.863.3600
Fax: 770.863.3666
Contact us
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