QSEHRA Revives Employer Payment Plans For 2017

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On December 13, 2016, President Obama signed the 21st Century Cures Act into law. Called “the most important bill of the year,” the bipartisan Act makes changes to a wide range of healthcare issues. These include allocating billions for cancer research, easing the FDA drug approval process, and allowing doctors to test medical devices without a patient’s informed consent in certain situations. One item that will be of interest to finance and human resource professionals at small employers ...

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DOL proposes changes to Form 5500

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The U.S. Department of Labor plans to revise Form 5500 to require insurers and health plans to report more information. The proposed changes focus on five broad goals: modernizing financial reporting, providing greater information regarding group health plans, enhancing data mineability, improving service provider fee information, and enhancing compliance with ERISA and the tax code. One element that is sure to attract the attention of smaller employers is a proposal to eliminate the exemption ...

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SHRM releases 20th annual employee benefits survey

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The Society for Human Resource Management (SHRM) released the 20th anniversary edition of its annual benefits survey on June 20th at the SHRM 2016 Annual Conference and Exposition in Washington, D.C. The survey looks at the popularity of various benefits and highlights statistically significant differences between the results of this year’s survey and results from last year, five years ago, and the initial 1996 survey.

Methods

This year’s survey comes from the responses of HR professionals ...

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2016 HR Awards Winners Announced

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The Milwaukee Business Journal has announced the winners of its second annual HR Awards!

The HR Awards program is intended to recognize the best human resources programs or practices that have had a positive impact on employees and the overall organization. In addition to receiving cash prizes provided by Mueller QAAS CEO Jim Mueller, the winners will be celebrated at an awards ceremony at the Pfister Hotel Friday May 20.

Please join us in congratulating the ...

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Scam Targets Payroll and HR Professionals

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Earlier this month, the IRS issued an alert to payroll and HR professionals to watch out for a scam that aims to obtain employees’ personal information. The scam is a form of a “phishing” email in which a cybercriminal pretends to be someone they are not in order to trick the victim to install malicious software or send money or valuable information.

In this particular scheme, criminals are targeting payroll and HR professionals by purporting to be ...

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Last Chance for 2016 HR Awards Nominations!

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The nomination deadline for the 2016 HR Awards is March 11, 2016. If you know an HR professional or team in Southeastern Wisconsin who deserves to be recognized, please nominate them at MilwaukeeBusinessJournal.com.

The HR Awards recognize the important work individuals, companies and organizations do in the field of human resources to make southeastern Wisconsin firms and organizations successful. In addition to receiving cash prizes, the winners will be honored at an awards dinner on May 20 and will ...

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ThedaCare to Leave Network Health

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ThedaCare announced last week that it will leave Network Health on December 31, 2016. The Appleton-based health system first informed the Menasha-based health insurer last month that it would not continue the five year partnership that was due to expire at the end of July. The new extension will give Network Health employer groups and members extra time to adapt to the change, but will still result in significant disruption in the Northeast Wisconsin health insurance market.

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7 Weeks Left for HR Awards Nominations

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The Milwaukee Business Journal is now accepting nominations for its second annual HR Awards. The HR Awards recognize the important work individuals, companies and organizations do in the field of human resources to make southeastern Wisconsin firms and organizations successful. In addition to receiving cash prizes, the winners will be honored at an awards dinner on May 20 and will be featured in a special section in the Business Journal. You can read about last year’s winners Continue Reading →

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ACA Reporting Deadlines Delayed

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Yesterday the IRS released Notice 2016-4, which delays the ACA reporting due dates for both furnishing forms to individuals and filing forms with the IRS. This is welcome news to many employers who are scrambling to complete their first effort at reporting, which must cover the 2015 plan year.

The delay gives employers an extra two months to furnish forms to individuals by changing the deadline from February 1, 2016 to March 31, 2016. Employers have an extra three months ...

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ACA Reporting Forms Released

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Last week the IRS published the final versions of the forms and instructions that applicable large employers (ALEs) will need to use to report on employees’ 2015 health coverage. Draft versions of the forms were released in June and the final versions do not include any major changes. With the final versions now available, ALEs can begin working to complete the forms in advance of their February 2016 deadline.

Reporting under ACA Sections 6055 and 6056 was originally scheduled ...

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