HR Spring Cleaning | Top 10 Employee Benefit Plan Actions

HR Spring Cleaning | Top 10 Employee Benefit Plan Actions

With Summer quickly approaching, now is a great time to prepare for the upcoming employee benefit changes. An article from Barran Liebman outlines the Top 10 Employee Benefit Plan Actions set to take place before January 1, 2014. These requirements include:

  1. Update HIPAA Privacy and Security Policies and Business Associate Agreements by September 23, 2013
  2. Prepare Coverage Notices for Employees by October 1, 2013
  3. Prepare Health Plan for 2014 Mandates by January 1, 2014
  4. Revise Health Plan Waiting Periods by January 1, 2014
  5. Revise Wellness Program Provisions by January 1, 2014
  6. Prepare for New Fees and Report in Group Health Plans by January 1, 2014 or 2013 Open Enrollment
  7. Evaluate Retirement Plan Service Contract by December 31, 2013 for Fiduciary Definitions and Fee Disclosure
  8. Revise COBRA Notices by October 1, 2013
  9. Distribute Summary of Benefit Coverage by November 1, 2013 or Sooner
  10. Update Summary Plan Descriptions and Wrap Documents by January 1, 2014

     

Read the full Barran Liebman e-alert here.

 

Brandon Laws

As Director of Marketing, Brandon Laws leads all marketing efforts for Xenium, providing oversight on all marketing campaigns, digital marketing strategy, events, sponsorships and public relations. Brandon brings a positive energy to every aspect of his role at Xenium—from internal initiatives around culture and wellness to industry thought leadership through the Xenium podcast and other social efforts. Active within the HR community, he currently volunteers on the board of the Portland Human Resource Management Association as the Director of Marketing & PR.

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