The PCORI tax, a recurring obligation for self-insured medical plans under the Affordable Care Act. I explain who pays it, how it's calculated, and when it's due. No action requested, just essential insights into this ongoing tax.

Explaining the significance of Form 5500 in relation to employee benefits compliance. I detail the requirements for filing Form 5500, emphasizing the employee count and policy enrollment thresholds. Viewers are urged to pay attention to potential obligations even if slightly exceeding the employee count threshold. No specific action is requested from the viewers.

I delve into the crucial aspects of HIPAA compliance, emphasizing the significance of having a plan, involving employees, and documenting processes. I stress the importance of safeguarding personal health information (PHI) and maintaining confidentiality and security. Action requested: Ensure proper training, documentation, and regular updates to comply with HIPAA regulations.

I discuss the importance of understanding broker compensation, especially in terms of transparency and potential conflicts of interest. It's crucial to know how brokers are compensated to ensure fair treatment and avoid penalties. Watch to learn more about what should be disclosed and how it impacts both employers and employees.

The importance of Medicare Part D notices for compliance requirements. I clarify the distinction between credible and non-credible coverage and emphasize the need to provide these notices to all employees before October 15th. Action requested: Ensure all eligible employees receive the necessary notices promptly.

The world of 1094 and 1095 filings, essential for employers offering medical insurance. I explain the origins, requirements, and deadlines for these forms, shedding light on the complexities and common errors to avoid. Understanding these filings is crucial to avoid penalties and ensure compliance.

Employer Responsibility Requirements under the Affordable Care Act (ACA), specifically focusing on the pay or play aspect. I explain how organizations with over 50 full-time employees need to ensure compliance through offering Minimum Value Plans (MVP) or Minimum Essential Coverage (MEC). Failure to do so can result in penalties. Additionally, I touch on the concept of affordability and the importance of meeting reporting requirements to avoid repercussions.

Explains the crucial role of Summary Plan Descriptions (SPD) in ERISA compliance. The SPD is a vital part of the ERISA Wrap document, ensuring employees comprehend their benefits clearly. I emphasize the importance of updating the SPD annually and making it easily accessible to employees. No action requested from viewers.

The significance of cafeteria plans, focusing on pre-tax benefits and tax advantages for both employees and employers. I highlight the importance of discriminating testing and the impact of selections during open enrollment. Viewers are encouraged to understand the benefits of pre-taxing and the implications of their benefit choices. No specific action is requested from the viewers.

In this video, I delve into the complexities of COBRA, covering eligibility criteria, coverage details, and compliance requirements. I highlight key points such as the minimum number of employees for COBRA, the types of coverage included, and the strict timelines involved in administering COBRA. Viewers are encouraged to pay attention to the details to avoid penalties and ensure compliance with ERISA regulations.

I delve into the crucial aspects of ERISA WRAP documents, emphasizing their significance in compliance. I explain the contents, responsibilities, and customization requirements of these documents, highlighting the legal protection they offer.